Authored by Leon Hadar via The Strategic Culture Foundation,
The continuing American obsession with Russia plays directly into Beijing's hands and makes it less likely that Washington will develop an effective strategy to deal with China...
When thinking about male-pattern baldness, what comes immediately to mind? Genetics? Thanks for this, grandad.
In the run up to the 'great recession' of 2008/2009, it was unsuspecting European and Asian buyers that supplied the marginal capital required to turn America's plain vanilla, fed-induced housing bubble into a turbo-charged, global financial time bomb by indiscriminately scooping up highly-levered structured mortgage products with absolutely no idea what was behind those products.
Now, it seems that China's lust for levered returns in U.S. structured products has returned and is focused this time around on the CLO market. Per Bloomberg:
Negative Population Growth, Inc., has issued a November report warning that America is no longer making enough babies to keep pace with deaths. The report blames, the ‘baby bust’ phase on the millennial generation (1980-2000), who are having children at record low rates.
Authored by Simon Black via SovereignMan.com,
On October 3, 1913, US President Woodrow Wilson signed the Underwood-Simmons Act into law, creating what would become the first modern US income tax.
The legislation (at least, the income tax portion) was only 16 pages and imposed a base tax rate of just 1%.
The highest tax rate was set at 7%– and it only applied to individuals earning more than $500,000 per year, which is about $12.6 million today according to the Bureau of Labor Statistics.
"How close are we to the market top?"