taxes

From The 8 Jul 2010 Daily Dispatch Dear Reader, In past editions of this service, I’ve advocated tuning your personal radar to pick up early indications that the government is taking an active interest in gold. Especially when that…

If you want to cut taxes and say you prefer them to increased spending, fine. But let's not act like tax cuts reduce the deficit. They don't. When I say economists and policy makers abuse economic ideology for political purposes, this is…

John Hussman is out with his latest weekly commentary. He continues to make good points about the market's overvaluation despite the forward earnings crowd's cries that P/E ratios (see Hussman: US shares are 40% overvalued). While Comstock…

By Marshall Auerback and Edward Harrison. Marshall's view Ed has asked me to deal specifically with the issue of Ricardian equivalence, the theorem used by anti-government proponents to argue that fiscal deficits are counterproductive and…

Listen to Paul Krugman in the first video with Bloomberg and then listen to Dennis Gartman in the second. The two seem to be arguing the same point – that the G-8 austerity position of higher taxes and lower government spending is the wrong…

These charts were compiled by Pimco via data collected from the Federal Reserve and Credit Suisse. They show that U.S. companies are earning record amounts of money but are not re-investing it. Instead, companies are hoarding cash.…

A post by John Mauldin. In this issue: The Risk of Recession The Leading Indicators Are Starting to Turn Terms of Trade and US Real GDP Bernanke at the Crossroads Vancouver, Maine, and San Francisco We are…

The final revision to Q1 US GDP was disappointing in the headline and composition.  It is mitigated on the margins, for investors, by the substantial upward revision in corporate profits. Growth was revised to 2.7% from 3.0%…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). (Reuters) – "Secretary of State Hillary Clinton on Thursday…

Australian PM Rudd is coming under stronger domestic pressure as the opposition to the resource tax gains momentum.  There have been press reports of a leadership challenge and a local report claims that a key bloc in the Rudd's Labor…