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US futures and global markets are a sea of red after Trump threatened to “substantially” increase tariffs if China failed to agree a trade deal, with Hong Kong tensions also denting sentiment.
Finance • by 1FRAC1 • 1 views •  0 comments • 14 hours ago

... central-planners' incessant meddling with global markets has sparked another WTF-moment in capital market history.
central-planners' incessant meddling with global markets has sparked another WTF-moment in capital market history.

💥Quit Sending Refuges❗️
Broke Bond Markets Mounting: Italy Surpasses Greece As Europe's Riskiest Sovereign | Zero Hedge
Finance • by 1FRAC1 • 17 views •  0 comments • 3 days ago

Boris Johnson on Sunday moves his Election campaign up a gear by accusing Jeremy Corbyn of plotting to land Britain with a £1.2 trillion bill.
Tory dossier reveals eye-watering cost of Corbyn's plans | Daily Mail Online
Finance • by MarkRowley • 2 views •  0 comments • 4 days ago

Elizabeth Warren has offered to meet the Microsoft co-founder to explain plans she mooted last week.
Bill Gates criticises Elizabeth Warren's plan for tax on super-rich - BBC News
Finance • by FemaleLotRfan83 • 4 views •  0 comments • 6 days ago

Stocks are more overvalued today than they were in 1929.
Ninety years later, I thought it would be prudent to look at three key insights from that historic crash, starting with:
Finance • by 1FRAC1 • 4 views •  0 comments • 2 weeks ago

The Trump administration reported a river of red ink Friday. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in nine years.

ctober 26, 2019

The year-over-year widening in the deficit reflected such factors as revenue lost from the 2017 Trump tax cut and a budget deal that added billions in spending for military and domestic programs. Forecasts by the Trump administration and the Congressional Budget Office project that the deficit will top $1 trillion in the 2020 budget year, which began Oct. 1. And the CBO estimates that the deficit will stay above $1 trillion over the next decade.
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Finance • by ThomasinaPaine • 36 views •  5 comments • 2 weeks ago

After two years, President Trump's tax cuts are not on track to pay for themselves, the latest Treasury data released Friday suggest.

Total federal government revenues ended up lower in 2019 than was projected before the passage of the GOP tax overhaul in 2017.

Then, in 2017, the nonpartisan Congressional Budget Office projected that fiscal 2019 revenues, without the tax cuts, would be $3.69 trillion. Instead, revenues with the tax cuts were only $3.46 trillion.
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Trump tax cuts ARE NOT on course to pay for themselves
Finance • by ThomasinaPaine • 29 views •  1 comments • 2 weeks ago

A soaring minimum wage at an all-time high has a positive impact on job growth, despite what some may say. Yahoo Finance's Brian Sozzi, Alexis Christoforous, and Andy Serwer break down the details.
Finance • by ThomasinaPaine • 16 views •  0 comments • 2 weeks ago

What You Need To Know About The Sudden Crypto Crash - Is The US Economy Next?!
Finance • by PureVodka🍺 • 9 views •  0 comments • 3 weeks ago

In a major setback for Chancellor Angela Merkel and the wider eurozone, the Bundesbank said the German economy contracted again in the third quarter of the year.
Germany tumbles into recession as global trade tensions and worries over Brexit take their toll | Daily Mail Online
Finance • by MarkRowley • 123 views •  6 comments • 3 weeks ago

A report by Credit Suisse found that 100 million Chinese now rank in the 10% of global wealth, compared to 99 million Americans who are in the top decile.
China Surpasses U.S. in Ranking of World’s Wealthy
Finance • by ThomasinaPaine • 13 views •  0 comments • 3 weeks ago

San Francisco is losing residents because it's too expensive for nearly everyone
California housing crisis: Residents flee San Francisco because of costs
Finance • by Paladin* • 16 views •  1 comments • 3 weeks ago

Old age pensioner turned politician Bernie Sanders’s $97 trillion agenda would impose incomprehensible costs.
97 year old Bernie Sanders’s $97 Trillion Agenda Would Impose Incomprehensible Costs.
Finance • by MarkRowley • 33 views •  2 comments • 3 weeks ago

The Conference Board’s Leading Economic Index was flat last month; and although at a cycle high, it remains in a flattish trend over the past year.[NOTE:CORRECTION: a downwardly revised 0.2% decrease in August; additional 0.1% downward revision in September month end report.

Speaking of which, today the Markit “flash” purchasing managers indexes’ (PMIs) were released—covering both the manufacturing and services side of the U.S. economy. Although the headline numbers upticked and were fine, the overall growth rate of the PMI composite in September remained among the weakest since 2016.
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Take Me to Your Leader: Analyzing the Latest Leading Indicators | Charles Schwab
Finance • by ThomasinaPaine • 17 views •  1 comments • 3 weeks ago

Comments:
What happened to the 3-4% growth rates Trump promised?
It appears that Trump will never break Obama's growth rates.


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Finance • by ThomasinaPaine • 18 views •  2 comments • 3 weeks ago

Although the heading for the report on China was
'China’s growth slumps to a near 30-year low'

The actual numbers belied the intended message.

Growth in the world’s second-largest economy was even more anemic than expected in the third-quarter, as trade tensions and a continued slowdown in investment outweighed Beijing’s recent stimulus measures.
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Finance • by ThomasinaPaine • 25 views •  3 comments • 3 weeks ago


Equifax (EFX) used the word “admin” as both password and username for a portal that contained sensitive information, according to a class action lawsuit filed in federal court in the Northern District of Georgia.
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Finance • by ThomasinaPaine • 62 views •  5 comments • 3 weeks ago

Deutsche Bank relied on information contained in the tax returns when it approved a series of loans to Trump in 2012, according to the Times. The bank loaned Trump hundreds of millions of dollars for projects in Florida, Chicago and Washington, D.C. Trump still owed the bank $300 million when he took office in 2017.
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Finance • by ThomasinaPaine • 22 views •  1 comments • 3 weeks ago

The unrest began after Moreno ended government subsidies that have helped keep fuel prices low in Ecuador for some 40 years. The move was part of a broader austerity plan related to $4.2 billion from the International Monetary Fund to prop up Ecuador's government and economy.
The IMF was recommending a careful and slow change in fuel subsidies which, along with tax reform and other measures, would generate savings that would "allow for an increase in social assistance spending over the course of the program."
Finance • by 1FRAC1 • 27 views •  0 comments • 4 weeks ago

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