Business

It used to be that low state income taxes and practically non-existent property taxes, at least compared the neighboring county of Westchester in New York, was more than enough to lure Manhattan's hedge fund billionaires out to Greenwich, CT.  But, it seems that a festering pension crisis and resulting state income tax hikes in Connecticut has resulted in many of NYC's gazillionaires choosing a trophy 3,000 square foot apartment in "the city" over a 10,000 square foot Greenwich mega-mansion.  

Authored by Michael Snyder via The Economic Collapse blog,

So stocks looked on the bright side of life's terrible jobs data...

Authored by Craig Wilson via DailyReckoning.com,

Stuart Varney, the Fox Business economic host, started out his discussion based around the presentation of Ronald Reagan’s presidency. In his initial discussion layout, Varney identified that during Reagan’s tax cut policy ranging from January 1983 until Reagan’s exit in 1989 the U.S economy grew at an annual rate of 4.8%.

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Raoul Pal Slams Bitcoin: “It’s Not The Store of Value People Thought It Was”

Written by Peter Diekmeyer (CLICK HERE FOR ORIGINAL)