Business

Submitted by Nick Giambruno via InterntionalMan.com,

If you’ve never heard of the Foreign Account Tax Compliance Act (FATCA), you’re not alone.

Few people have, and even fewer fully grasp the terrible things it foreshadows.

FATCA is a U.S. law that forces every financial institution in the world to give the IRS information about its American clients. Complying with it is a huge financial and administrative burden, measured in hundreds of billions of dollars. It’s a paper shuffler’s dream come true.

Submitted by Tony Sagami via MauldinEconomics.com,

How long will interest rates stay low?

I expect the Fed to keep rates very low for a long, long time. After it raised rates in December, the Fed made it clear that future hikes will be gradual and data dependent. Apparently, the central bank hasn't changed its position:

A dark storm is brewing in the world of private pensions, and all hell could break loose when it finally hits.

Authored by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),

“Prepping” for Recession

Stocks are going up all over the world. Meanwhile, it appears to us that the U.S. economy is going down. Go figure.

For instance, a labor-market index created by Fed economists… and closely watched by Fed chief Janet Yellen… has fallen for three straight months. It’s the first time that’s happened since 2009.

Pride comes before the fall...

The Dow soared once again - why not - to its highest since June 2015 (when Fwd EPS was 1178 as opposed to 1120 currently)...