Business

Authored by Deep Throat at Deep Throat Blog

Today, I'd like to take some time to revisit a couple of related topics that we first started discussing a few years ago. I am, of course, referring to the burgeoning increases in China's Debt levels, Shadow Bank Assets (loans) and M2, along with a high-level analysis of the most recent PBOC Financial Stability Report and FSB Global Shadow Bank Monitoring Report. (No!....please don't click this page closed....I promise this will eventually get interesting...)

In the week that’s passed since the White House unveiled its tax-reform plan, Republicans and Democrats have expressed their reservations about the proposal, particularly after an analysis from the non-partisan Tax Policy Center suggested that taxes would rise over the coming ten years for most members of the middle class if the proposal were passed into law.

Authored by Tom Luongo via Gold, Goats, & Guns blog,

For months now Russia has been moving into the blockchain space in a serious way. I’ve talked about these moves in previous articles (here, here and yes, even here)

Image Source: CoinTelegraph

But, the latest news is one that should have every one stand up and take notice.

Even though I have said this before apparently no one was listening so I have to say it again* because every time a new tax reform bill is proposed, the same clichés are trotted out and most of them are wrong. The purveyors of these clichés know they are wrong but they don’t care because they are trying to manipulate you to their ends. And, people fall for them.

Here is what the polls say about what Americans think about taxes (Gallup, Pew Research): 

For the second consecutive month, BofA's credit clients responded that there is one thing they find to be the biggest market risk: "quantitative failure", which is also a euphemism for central banks losing control of the bubble they have been inflating for the past 9 years. It's a relatively novel fear, replacing "bubbles in credit" (i.e., not the deflation but inflation part) and "populism" in recent months, although we have a sense that populism may be right back up there very soon.