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Stocks Slammed As Rubio, Lee Spark Tax-Reform-Deal Anxiety

With McCain in hospital and now Lee and Rubio questioning the child-care credit, markets are showing some anxiety about just how "done deal" this deal really is… GOP SENATOR LEE UNDECIDED WHETHER TO SUPPORT TAX BILL; SEEKS CHANGES TO CHILD TAX CREDIT – AIDE: RTRS RUBIO SAID TO VOTE `NO' UNLESS CHILD TAX CREDIT CHANGED: […]


London House Prices Reach Record Unaffordability

Earlier this month, we noted further evidence that London’s housing bubble is bursting. In its October 2017 survey, the Royal Institute of Chartered Surveyors (RICS) reported the largest proportion of respondents seeing a drop in London house prices versus the previous month since 2009. The net balance was nearly two thirds (-63%) in favour of […]


“Bubble Tax”: The GOP’s Hidden 46% Tax Bracket

Authored by Danny Vinik via TheAgenda, If you’re rich enough, some of your income is taxed at a rate unseen since the ‘80s. House Republicans claim the tax plan they introduced Thursday keeps the top individual rate unchanged at 39.6 percent – the level at which it’s been capped for much of the past quarter-century. […]


Here’s You and Here’s the Top Ten Percent

The following article by David Haggith was published on The Great Recession Blog: In a nutshell, here is a Federal-Reserve graph, recently published on ZH, that summarizes everything you need to know about the unsustainable US economy. Unless you’re in the top ten percent of income producers in the nation — or, at least, living in their neighborhood […]