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Tax Plan Jitters Cause Sudden Collapse In Manhattan Apartment Prices In 4Q

Apparently the combination of a massive flood of excess supply in the form of new luxury developments and a Trump tax plan that penalizes people living in expensive cities by capping SALT, mortgage interest and property tax deductions was simply too much for the Manhattan real estate market to ignore in 4Q 2017.  After reaching […]


Millionaire Heiress Crusades Against Freedom to Spend Your Own Money

Via The Daily Bell In response to the tax bill which will lead to a lot more money in her pocket, Abigail Disney, heiress to the Walt Disney Company fortune, said she would be donating that tax break to a worthy cause of her choosing. No, wait. That’s not it at all. She got in […]


Why Wall Street Is Furious At The Trump Tax Plan

Back in October 2016, the “millionaire, billionaire, private jet owners” of America’s elitist, liberal mega-cities (A.K.A. New York and San Francisco) celebrated the tax hikes that a Hillary Clinton presidency would have undoubtedly jammed down their throats proclaiming them to be a ‘patriotic duty’.  Unfortunately, now that Trump has given them exactly what they apparently […]


Why A Scathing Wall Street Is Furious At The Trump Tax Plan

Back in October 2016, the “millionaire, billionaire, private jet owners” of America’s elitist, liberal mega-cities (A.K.A. New York and San Francisco) celebrated the tax hikes that a Hillary Clinton presidency would have undoubtedly jammed down their throats proclaiming them to be a ‘patriotic duty’.  Unfortunately, now that Trump has given them exactly what they apparently […]


Will Your Taxes Go Up? Find Out With These 8 Scenarios

With Republicans having inexplicably sacrificed a crucial Senate seat last night by choosing to support a candidate accused of multiple counts of pedophilia, it’s unclear whether tax reform is even a remote possibility at this point.  Certainly, the challenge of forming a consensus among the GOP was difficult enough when they held a 2-seat advantage […]


“Excessive Pockets Of Gluttony”: Meet PA’s Public Pensioners Making $500,000 A Year Courtesy Of Taxpayers

Liberal politicians in Washington D.C. often complain about the federal tax code being too regressive and thus placing too large a burden on low-income families while allowing “millionaire, billionaire, private jet owners” to get a free pass (one must to be willing to ignore actual statistics to reach this conclusion but lets just take the […]


Could Trump’s Tax Bill Trigger A Mass Exodus From Manhattan? Goldman Seems To Think So…

New York’s billionaire hedge fund managers have blazed the trail south in recent years with the likes of David Tepper, Paul Tudor Jones and Eddie Lampert all ditching the Empire State for Florida…a state which brings not only pristine beaches and year-round golf weather but also the added benefit of a 0% personal income tax […]


Former Secret Service Agent Threatens To Reveal Details About Bill Clinton And Epstein’s “Lolita Express”

In a furious twitter exchange with a Clinton aide on Friday, former secret service agent Dan Bongino threatened to reveal new details about Bill Clinton’s 26 documented trips aboard notorious pedophile Jeffrey Epstein’s private jet, nicknamed the “Lolita Express." Bongino and former Hillary Clinton aide Nick Merrill started feuding after Merrill challenged Bongino’s claim that […]


Bill Clinton Faces Sexual Assault Accusations From Four More Women

In a stunning revelation that could leave an indelible stain on the Clintons’ political legacy and possibly quash Hillary Clinton's dreams of running for president again in 2020, the Daily Mail is reporting that four women have shared their accounts of being sexually assaulted by Clinton in a new book written by former New York […]


Hedge Fund Homebuyers In The Hamptons Already Have A Plan To Game Trump’s Mortgage Cap

One of the key changes in the House GOP tax bill was to implement a cap on home interest deductions to the first $500,000 worth of mortgage debt and eliminate  interest deductions from second homes.  Of course, given active opposition from some very powerful realtor and homebuilder lobbying groups, it’s unclear whether the changes will […]


Mueller Probes Flynn’s Role In $15 Million Plot To Kidnap Erdogan’s Arch-Nemesis

Last week, we reported that Special Counsel Robert Mueller is close to asking a grand jury to approve indictments for former National Security Adviser Mike Flynn and his son, Mike Flynn Jr., as investigators believe they have enough evidence to bring charges after speaking to multiple witnesses about Flynn's lobbying work, including whether he laundered […]


The Republican Tax Plan Will Crush These Housing Markets

For the past few weeks, Chuck Schumer and Nancy Pelosi have screamed to anyone who would listen that the GOP tax plan is nothing more than a tax break for millionaires and an attack on middle class working families.  But, as the Wall Street Journal points out this morning, America’s millionaire, billionaire, private jet owners […]


General Electric Plunges 5% After Slashing Earnings Guidance

While it may not have slashed its dividend, yet, General Electric shares plunged 5% in the pre-market after the company cut its 2017 profit forecast while its new CEO grapples with one of the deepest slumps in the iconic US manufacturer’s history. The company reported that adjusted earnings this year are expected to be only […]


General Electric Plunges 5% After Slashing Guidance

While it may not have slashed its dividend, yet, General Electric shares plunged 5% in the pre-market after the company cut its 2017 profit forecast while its new CEO grapples with one of the deepest slumps in the iconic US manufacturer’s history. The company reported that adjusted earnings this year are expected to be only […]


GE Options Are Pricing In Massive Dividend Cuts

GE shares are languishing at more than four year lows (as the broader market soars to record highs) and GE credit risk stands at 8 month highs (almost dopuble the post-crisis lows hit in June). As Goldman analyst Joe Ritchie warns, a significant earnings per share/free cash flow reset looms and the prospect of a […]