A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Windfall ’
Gingrich tax ‘plan’ starves government, feeds the wealthy, rests on flawed assumptions
Gingrich tax 'plan' starves government, feeds the wealthy, rests on flawed assumptions
Angry Bear Blog|Dec. 14, 2011, 8:41 AM|55|1
by Linda Beale
In case you hadn't heard about it, Gingrich would offer taxpayers a choice to pay tax under current polic...
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Bailout Bandits: The Biggest Borrowers From the U.S. Federal Reserve
The Eurozone debt crisis has replaced the U.S. financial crisis as the disaster du jour. But make no mistake: U.S. taxpayers will be paying the tab for the U.S. crisis for years.
That's evidently not true of the banking sector, however, whose massive financial-crisis windfall is just now coming...
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States Balance Budgets With Drastic Service Cuts
Many states have announced higher-than-expected tax revenues lately, the first upbeat news to come out of beleaguered state budget offices since 2007. But the windfall is largely the result of smoke and mirrors. Revenue estimates for this year were ...
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Yet Another Way The Banks Screw Us All
WASHINGTON -- Charlie Chung runs Cups & Co., a coffee and sandwich shop in the basement of the Russell Senate Office Building. Known on Capitol Hill simply as “Cups,” the shop -- a rickety 20-second train ride away from the elevator to the Senat...
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If You Buy a House, We’ll Throw In a Free Car!
RICHMOND, Ill. — In this distant Chicago suburb, a builder has finally found a way to persuade people to buy a new house: he throws in a car.
Kim Meier’s spring promotion, which includes a $17,000 credit at a nearby General Motors dealer,...
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Windfall Erased, Another Wave on the Way
One of the benefits that came from the normalization after the serious commodity crack up boom of 2008 was a windfall for Joe Ultra Light Sixpack (JULS). Bespoke ran a chart at the time that I was regularly posting. An update shows that although the dangerous inflation phase of 2008 has dissipated, so has...
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Treasury Gifting – Professional Edition
The Treasury rounded out its schedule for the week the result being that it would present the market a “gift” of $72 billion in new supply. This is the highest level of new weekly supply since October and we know what happened then. Things are only likely to get worse for the next two...
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Hank and Ben’s Excellent Short Term Gift – Professional Edition
The market got a huge gift from the US Treasury this week in the form of a $23 billion debt paydown. That cash put a bid under stocks and exacerbated the panic into Treasuries. The Treasury faces $40 billion in CMB expirations next week, and so far, there’s no announcement that they will be...
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