Business

Authored by Jim Quinn via The Burning Platform blog,

“The best way to teach your kids about taxes is by eating 30% of their ice cream.” – Bill Murray

Authored by Lance Roberts via RealInvestmentAdvice.com,

On Wednesday, the President announced his plan to cut taxes for Americans, return jobs to America and return the country to economic prosperity.

It’s a tall order to fill, and the proposed tax reform is a “Christmas Wish List” that will have to checked twice to determine which parts are “naughty” and “nice.”

As I pointed out yesterday,

It has now been 318 trading days since the S&P 500 suffered a 5% drawdown - the 4th-longest streak since 1928... So everything is awesome...

Via Global Macro Monitor,

What’s The Matter Kansas  inflation?

The divergence of official inflation as measured by the government versus inflation realized by the consumer and businesses has never been greater, in our opinion.   Go ask anybody on the street in America and Europe if think “doing life or business”  is getting  more expensive. 

We have some thoughts on what is the matter with the inflation data:

Amid a resurgent dollar, gold prices have tumbled in September (worst month since Nov 2016). However, as geopolitical tensions soar, with the standoff between the U.S. and North Korea probably topping the list, demand for precious metals surged with Gold ETF holdings rising most since Feb 2017.

Bullion has sunk 2.8 percent in September while holdings in gold-backed ETFs expanded 2.4 percent as of Thursday.