America's dying malls have been a frequent topic of discussion of late as these relics of the 80's have been forced to convert once valuable high-end retail square footage into grocery stores, libraries and doctor offices just to keep the lights on. Here's just a small sampling of the recent carnage:
The One Thing About Tax Reform That NO ONE is Talking About
The markets have been gunning higher on the notion that the Trump Administration is about to unveil a huge tax reform plan.
However, the devil is in the details. And thus far the plan is focusing on corporate tax reform, with the notion that an employer will somehow “pass on” their savings to employees via raises.
First off, while the phrase “corporate taxes” is a great political prop, the reality is that nearly 50% of large corporations pay ZERO corporate income tax.
Authored by Anthony Doyle via BondVigilantes.com,
Via The Daily Bell
Just because a Ponzi scheme is run by a government doesn’t mean it won’t collapse.
The situation in Kentucky serves as a dire warning about larger pension systems including Social Security.
What Kentucky is currently facing in like a bank run. When people hear that a bank is failing, they all scramble to get their money out before it goes bust. This snowballs and the bank runs out of cash that much quicker.
When it comes to the US labor market, it's a tale of two extremes according to a recent report by Goldman Sachs.
At one end, the rate of short-term unemployment, defined as those unemployed fewer than 15 weeks, is lower than at any point since the Korean War and is already 0.4% below the bottom reached in the late 90s boom, with half of the gap likely due to demographic change. According to Goldman economists, "from the perspective of workers transitioning briefly between jobs whose attachment to employment is high, this is already a very tight labor market."