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Hedge Fund Homebuyers In The Hamptons Already Have A Plan To Game Trump's Mortgage Cap

Hedge Fund Homebuyers In The Hamptons Already Have A Plan To Game Trump's Mortgage Cap

One of the key changes in the House GOP tax bill was to implement a cap on home interest deductions to the first $500,000 worth of mortgage debt and eliminate  interest deductions from second homes.  Of course, given active opposition from some very powerful realtor and homebuilder lobbying groups, it's unclear whether the changes will find their way into the final tax bill.  But, at least according to Bloomberg, New York's "millionaire, billionaire, private jet owning" hedge fund managers aren't waiting around to find out and are already taking steps to game any potential tax chang

The Tax Cut Scam

The Tax Cut Scam

Authored by Sven Henrich via NorthmanTrader.com,

I can’t help shake this sinking feeling: This tax cut package that is being peddled by the current administration is a scam. Why? Because the entire narrative is dishonest and predicated on false, make belief premises.

In APEC Speech, Trump Slams China, WTO And TPP For Holding Back His "Indo-Pacific Dream"

Trump may have sensed that he appeared too conciliatory towards President Xi and China during his visit to Beijing, and so shortly after doubling down on his parting message to China by tweeting that "I don’t blame China, I blame the incompetence of past Admins for allowing China to take advantage of the U.S. on trade leading up to a point where the U.S. is losing $100's of billions. How can you blame China for taking advantage of people that had no clue? I would've done same!"...

NATO Ministerial Meeting: Preparing For War On Russia?

NATO Ministerial Meeting: Preparing For War On Russia?

Authored by Stephen Lendman,

America controls NATO policymaking. The alliance serves as its global imperial arm – warmaking its mission, not fostering world peace and stability.

Nor does it have anything to do with defense at a time the only threats alliance members face are invented ones. Real ones don’t exist.

World peace and stability notions are contrary to US objectives, wanting unchallenged dominance over world nations, their resources and populations.

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