Today I’m taking a break from health care issues in honor of the 16th Amendment. Income tax day is an appropriate moment to go to the heart of President Obama’s complaint about the taxes Warren Buffett and other rich people pay, or don’t pay. What the president is really...
Did you know that financial institutions all over the world are warning that we could see a "mega default" on a very prominent high-yield investment product in China on January 31st? We are being told that this could lead to a cascading collapse of the shadow banking system in...
Taxmageddon is the one-year $494 billion tax increase that is poised to strike the economy on January 1, 2013. It consists of expiring tax policies such as those set in 2001 and 2003 and the 2010 payroll tax cut. Taxmageddon also includes five Obamacare tax increases. Congress...
It was a scene familiar to any nostalgia buff: all-night lines waiting for the banks (first in Ohio, then in Maryland) to open; pompous but mendacious assurances by the bankers that all is well and that the people should go home; a stubborn insistence by depositors to get...
As looming inflation, currency wars and a possible run on gold threaten to derail markets, Leonard Melman, author of The Melman Report, is setting his sights on the midtier and near-term producers that he wants to scoop up when the blood is in the streets. In this interview with...
Hi everyone,
Hope you guy's had a great day
UPCOMING RISK EVENTS:
USD: PPI m/m, Core PPI m/m.EUR: N/A.GBP: N/A.JPY: N/A.
GOLD
My Bias: Long to a new all time high above 1827.Wave Structure: Impulse structure to a new high.Long term wave count: wave above 1666.
GOLD has been very quiet of late,Even todays...
"They are living beyond their means and shifting a part of the weight of their problems to the world economy. They are living like parasites off the global economy and their monopoly of the dollar. If there is a systemic malfunction, this will affect everyone. Countries like Russia...