Enforcement Efforts – The Wall Street Examiner

IRS Reopens Offshore Amnesty Program For Cheats And Non-Cheats Alike

Bears Chat at The Wall Street Examiner Bears Chat January 9, 2012 0 Comments

Taxes|1/09/2012 @ 3:21PM |14 views
IRS Reopens Offshore Amnesty Program For Cheats And Non-Cheats Alike

In an effort to collect more in tax revenues from people hiding money in offshore accounts, the Internal Revenue Service announced today that it i…

IRS estimates that 17 percent of taxes owed were not paid, leaving $450 billion underpayment

Bears Chat at The Wall Street Examiner Bears Chat January 6, 2012 0 Comments

IRS estimates that 17 percent of taxes owed were not paid, leaving $450 billion underpayment
By Associated Press, Updated: Friday, January 6, 3:47 PM

WASHINGTON — The Internal Revenue Service is estimating that people and businesses underpaid their …

Budget Cuts Open the Door to More Tax Cheats

Bears Chat at The Wall Street Examiner Bears Chat June 10, 2011 0 Comments

No one likes paying taxes, but there’s some comfort knowing everyone pays their fair share, right?

Think again. After years of increased enforcement efforts at the Internal Revenue Service, tax cheating is still rampant, costing the federal governmen…

Get Ready for the Coming Bond Market Bloodbath

Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.

Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.

Constructive Signs for Gold Digging

The cycle picture is hazy. The table at left (subscriber version) is my best guess. A short term low is due, but at a lower projection. The would-be 13-17 week cycle up phase has gone nowhere, despite a new projection that points higher. If it doesn’t get out of this range soon, it would suggest the possibility of a wicked down phase ahead. If the price holds above the May-August downtrend line as shown on this chart (subscriber version), that would be constructive

Lots of Sell Signals Again From Friday’s Swing Trade Screen

Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.

Nothing Has Happened Yet

From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.

Useless Banking Indicators Except for One Giant Red Flag

I started to wonder how the banking indicators were looking lately. I’ve looked at the charts this morning. In updating this for you, I’ve again attempted to minimize the verbiage here. The charts are bad enough.