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Peak Savings: Wall Street Faces 20 Years Of Retirement Withdrawals As Boomers Hit 70 1/2

America's aging population [will be] forced by IRS regulations to take retirement withdrawals once they hit 70 1/2 years of age... over the past 2 decades Americans have consistently contributed more than they've withdrawn from tax deferred accounts, excluding recessionary periods. Show More Summary

Davos elite faces evaporating trust of populace

Trust in governments, companies and the media plunged last year as ballots from the United States to Britain to the Philippines rocked political establishments and scandals hit business. The majority of people now believe the economic...Show More Summary

Despite Electoral Win, Trump Lacks Popular Mandate on Key Policy Planks, Including Health and Taxes

On other issues, a similar story presents itself. Public Policy Polling (PPP) has found that the vast majority (88 percent) of voters in Florida, Nevada, Ohio, Pennsylvania and Wisconsin -- four crucial swing states, three of which went...Show More Summary

Tom Price doesn't want trial of his own Obamacare bill at confirmation hearing

The suggestion that Price does not want to lobby for his own Obamacare legislation is significant... The legislation Price previously put forth would give tax credits for people to buy insurance on the individual market, offer incentives to put money away in health savings accounts and limit the tax advantages of employer-sponsored plans. Show More Summary

Trump Now Threatening Automakers in Canada and Germany (WHO ALREADY HAVE US PLANTS)

``German auto industry officials are privately expressing frustration with the threats from Trump, noting that they have quadrupled their U.S. automotive production since the beginning of the decade. And about half of the 850,000 vehicles the Germans produced here last year were exported. Show More Summary

Trump Slams NATO, Floats Russia Nuke Deal in European Interview

Donald Trump called NATO obsolete, predicted that other European Union members would follow the U.K. in leaving the bloc, and threatened BMW with import duties over a planned plant in Mexico, according to two European newspapers which conducted a joint interview with the president-elect. Show More Summary

6 Ways Mortgage Shoppers Are Saving On Closing Costs

Closing costs are estimated to be about 3% of your home price. Know these six ways homeowners and home buyers are reducing their costs.

What Changes Will There be in HARP 3.0?

The first wave of updates to the original Home Affordable Refinance Program® (HARP®) is set to expire. The program is only available until September 30, 2017, which means its advantages will not be pursued by underwater or near-underwater borrowers after that date. Show More Summary

Homebuyers Will See Lower FHA Annual MIP Rates This 2017

Getting a new FHA mortgage will cost less this year as the agency is reducing its annual MIP rates by 25 basis points. This annual mortgage insurance premium (MIP) reduction, according to the FHA, will help homeowners save $500 a year. Show More Summary

Trump Gets Return-Flamed by Entire City After Bashing Atlanta To Get at John Lewis

``Trump's knee-jerk perception of Lewis' district is similar to views he expressed during his campaign when he characterized some black communities as crime-ridden hellholes worse than Afghanistan'' -- Trump really sounds like an out-of-touch 1980s Gordon Gekko when he says this stuff...

Trump/Congressional Proposed Tax Changes and How to Benefit from Them

``It will be very important to understand the changes to corporate taxes. Under Trump's plan, he would like all pass- through entities (i.e. LLCs or Sole Proprietors) to be taxed at the corporate tax rate. If this occurs, here are some ideas to take advantage of this...''

The President Who Wasn't There: Barack Obama's Legacy of Impotence

Obama assumed the presidency at a moment when much of the nation seemed ready to confront the unwelcome fact that the American project had derailed.... Corporate capitalism just wasn't delivering the goods anymore. Not for the bottom 80 percent, any way. Show More Summary

Icahn Hedge Fund Loses 20% of Its Value in 2016

Billionaire Carl Icahn is coming off another poor investment year as a nearly $6 billion hedge fund that he oversees suffered a loss of 20.3% in 2016 after a decline of 18% in 2015, according to a disclosure in a regulatory filing in...Show More Summary

American Apparel Could Be A Puzzler For Trump: Can He Coerce a Bankrupt Company Bought And Moved Overseas By Foreigners?

Gildan's purchase agreement covers American Apparel's assets, including most of its manufacturing and distribution equipment. Gildan bought American Apparel's existing inventory in a separate deal. But the company has declined the option to assume the leases of two Los Angeles manufacturing facilities that employ nearly 1,300 factory workers. Show More Summary

Why DeLong, Summers, Bernanke, Krugman, Keen, Pettis, Edwards et al. Can't Figure Out "Secular Stagnation"

``At no point does either DeLong or Summers pin the tail on this donkey. Neither can, because income inequality is a symptom of the problem. That problem started the moment Nixon closed the gold window. The event is now described as "Nixon Shock".''

China: No negotiation on 'One China' policy despite Trump remarks

"The 'One China' principle is the political foundation of Sino-US relations and it is non-negotiable. We urge the relevant side in the US to recognize the high sensitivity of the Taiwan issue and abide by the pledges by successive US...Show More Summary

GOP's Go Slow 'Rescue Mission' Plan To Replace Obamacare

As their first major act of the new Congress, Republicans rushed approval of a budget resolution this week that sets up a framework for repealing Obamacare, but what exactly to replace it with is still a puzzle Republicans are piecing together. Show More Summary

Are Investors bracing for a massive stock-market selloff?

Demand for one-month call options tied to the CBOE Volatility Index, a popular gauge of stock-market volatility, has spiked in the past week, a sign that some are bracing for a sharp downturn following the inauguration of President-elect...Show More Summary

Addicted To Gov? Ben Carson And The 30 Year Mortgage Backstop

``Seriously, is the US housing market so addicted to government backstop that borrowers can't tolerate an increase in mortgage rates of 28-50 basis points? In other words, is housing addicted to gov?''

Carson will "Examine" FHA Premium Cut

``The surprise reduction in FHA annual premiums announced last week by the current Secretary of Housing and Urban Development (HUD) may not survive long into the new administration.  Ben Carson, M.D. President-elect Donald Trump's pick...Show More Summary

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