American’s With Foreign Accounts, Listen Up

American’s With Foreign Accounts, Listen Up

American’s With Foreign Accounts, Listen Up If the total balance of your foreign financial accounts exceeds $10,000 at any time during a calendar year, then you must file an “FBAR” (FinCEN Form 114, Annual Report of Foreign Bank and Financial Accounts) with the US government for that year. An FBAR for a given year is […]

Education & Skills Key to Improving Jobs Prospects

Education & Skills Key to Improving Jobs Prospects

Education & Skills Key to Improving Jobs Prospects Fed Chairwoman Janet Yellen said Tuesday that investments in education and skills training are vital to address persistently high unemployment among lower-income and minority communities. “Education levels have historically lagged in low- and moderate-income communities, particularly communities of color,” Ms. Yellen said in remarks on workforce development […]

Focus on the “Mind-blowing” Opportunities of the US Economy

Focus on the “Mind-blowing” Opportunities of the US Economy

Focus on the “Mind-blowing” Opportunities of the US Economy The $60-B Scottish Fund managed owned by Aegon NV is ignoring talk of a rise in protectionism/populism under US President Donald Trump to focus on the “mind-blowing” opportunities of the world’s biggest economy, the US is a “huge market.” The firm has virtually no assets under […]

American’s Financial Expectations at Odds with Reality

American’s Financial Expectations at Odds with Reality

American’s Financial Expectations at Odds with Reality A new survey finds our expectations at odds with the financial reality of today’s retirees Setting a retirement savings goal can feel like a crap shoot. How can you calculate your expenses, especially for health care, five, 10, 50 years from now? If you’ve punted, you have company. […]

Wall Street Expects to Post Huge Q-4 Returns

Wall Street Expects to Post Huge Q-4 Returns

Wall Street Expects to Post Huge Q-4 Returns $DIA, $SPY, $QQQ, $VXX Wall Street firms are expected to post the biggest Q-4 win since the financial crisis as the US election triggered global markets activity from government bonds to currencies. Fixed-income and stock-trading revenue at the 5 biggest U.S investment banks rose 20% from a […]

Stress, the Hidden Factor in the Longevity Gap

Stress, the Hidden Factor in the Longevity Gap

Stress, the Hidden Factor in the Longevity Gap A new analysis from the Hamilton Project released last Tuesday reveals that Biomarkers* of stress have risen much more rapidly for low-income people than for high-income ones. The most recent data show that life expectancy of Americans declined in Y 2015, these statistics are not broken down […]

Americans Are Renouncing Citizenship Over FATCA Tax Law, Not Donald Trump

Americans Are Renouncing Citizenship Over FATCA Tax Law, Not Donald Trump

Americans Are Renouncing Citizenship Over FATCA Tax Law, Not Donald Trump The number of individuals who renounced their US citizenship for Q-3 of Y 2016 was the 2nd-highest in history at 1,380, US Treasury Department reported. The Foreign Account Tax Compliance Act (FATCA), which enacted in Y 2010, and took years to implement, is “having […]

US Long Dated Treasuries Up Signaling Rising Inflation

US Long Dated Treasuries Up Signaling Rising Inflation

US Long Dated Treasuries Up Signaling Rising Inflation $SPY Donald Trump’s victory in the US Presidential race is driving mutual fund managers out of dividend stocks and into the shares of financial, industrial and materials companies that benefit from rising inflation. Although inflation remains subdued by most measures, US longer-dated Treasury yields rose Thursday to […]

Barack Obamacare, the Theft of Middle Class “Wealth”

Barack Obamacare, the Theft of Middle Class “Wealth”

Barack Obamacare, the Theft of Middle Class “Wealth” $CI Barack Obamacare may have brought health insurance to millions of people in the US, many in the program finding that the medical care they need is too expensive to actually use. Many people with Barack Obamacare have plans that feature high out-of-pocket up front costs that […]

UAE has ‘No Plans’ to Introduce Income Tax

UAE has ‘No Plans’ to Introduce Income Tax

UAE has ‘No Plans’ to Introduce Income Tax Projects in latest budget will not rely on new taxes or additional fees, finance ministry said The UAE has no plans to impose new taxes on individuals and the government is not studying the introduction of more fees for services, Younis al-Khouri, under-secretary at the finance ministry, […]

Obama’s Description of His Legacy is Excessively Charitable to Himself

Obama’s Description of His Legacy is Excessively Charitable to Himself

Obama’s Description of His Legacy is Excessively Charitable to Himself US President Barack Hussein Obama recently celebrated the 7th anni of the passage of the American Reinvestment and Recovery Act, or as most Americans likely remember it, the $830-M stimulus package. The benefits of the stimulus are up for debate, but Mr. Obama is absolutely […]

Medical Marijuana Update

Medical Marijuana Update

Medical Marijuana Update The governors of Delaware and New Jersey sign medical marijuana expansion bills, casino magnate Sheldon Adelson kicks in a million bucks to fend off medical cannabis in Florida, Montana patients are losing access to providers, and more.  National Monday, a study of fatal car crashes found medical marijuana may curb opioid use. […]

Medical Marijuana Update

Medical Marijuana Update

Medical Marijuana Update As all eyes turn toward cannabis legalization initiatives looming in November, it’s been pretty quiet on the medical marijuana front. At least there’s good news from Michigan.  Michigan Last Thursday, the Senate passed an industry regulation bill allowing dispensaries. The state Senate Thursday passed a bill that would tax and regulate medical marijuana […]

Personal Income, Wages, Salaries, Savings Advanced in July

Personal Income, Wages, Salaries, Savings Advanced in July

Personal Income, Wages, Salaries, Savings Advanced in July $DIA, $SPY, $QQQ, $VXX US consumer spending increased for a fourth straight month in July amid strong demand for automobiles, pointing to a pickup in economic growth that could pave the way for the Federal Reserve to raise interest rates this year. The Commerce Department said Monday […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $PFE, $PG Earnings season continues with 119 S&P 500 companies reporting. Included in this group are DJIA components Pfizer Inc. (NYSE:PFE) and Proctor & Gamble Co. (NYSE:PG), which will both report Tuesday. Economic Reports The week’s 1st economic reports to Wall Street will be the July purchasing manager’s manufacturing index (PMI), the […]

American’s are Almost as Wealthy as Ever, it is Scary

American’s are Almost as Wealthy as Ever, it is Scary

American’s are Almost as Wealthy as Ever, it is Scary Americans are about as wealthy as they have ever been and that is worrying monetary officials.  They are concerned that the growing wealth could prove unsustainable because it has outstripped the growth of the economy since the Great Recession’s storied end in Y 2009. A […]

The US “Earnings Recession” is Not Registering with Investors

The US “Earnings Recession” is Not Registering with Investors

The US “Earnings Recession” is Not Registering with Investors $DIA, $SPY, $QQQ, $VXX The US earnings recession should be dampening the 7-year-old Bull Market, but it is not registering with investors. Quarterly profits in the S&P 500 Index are about to fall yet again, extending a streak of declines poised to match the longest earnings […]

China: Deep Pockets and Digital Trends Drive Consumption

China: Deep Pockets and Digital Trends Drive Consumption

China: Deep Pockets and Digital Trends Drive Consumption For foreign companies targeting the deep pockets of China’s growing middle class, understanding demand and consumption habits are Key. The future of consumption in China is digital, consumer-driven and aided by safe and secure mobile payment systems, according to attendees of the 3-day annual World Economic Forum […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $NKE, $GIS, $CAG, $MU Earnings results from Q-2’s early reporters will be released to Wall Street this week with 10 members of the S&P 500 on tap. They are NIKE (NYSE:NKE)Tuesday, Acuity Brands (NYSE AYI), General Mills (NYSE:GIS) and Monsanto (NYSE:MON) Wednesday; and ConAgra Foods (NYSE:CAG), Constellation Brands (NYSE:STZ), Darden […]

The Big Q: Why are Americans so Angry at Barack Hussein Obama II?

The Big Q: Why are Americans so Angry at Barack Hussein Obama II?

The Big Q: Why are Americans so Angry at Barack Hussein Obama II? Americans are angry at the political establishment, both Republican and Democrat. Many are now in the “camp” of Republican Presidential nominee Donald Trump and others in the “camp” Democrat disrupted Bernie Sanders, who have framed powerful indictments of the political and economic status quo, […]

America’s Largest Companies Outsource Freight Shipments

America’s Largest Companies Outsource Freight Shipments

America’s Largest Companies Outsource Freight Shipments $JBHR, $YRCW, $ODFL, $USAT A LaneAxis Virtual Freight Management study of the nation’s top 50 Carriers, as ranked by Transportation Topics showed the 13 biggest public companies outsource an average of 42.29% of their freight shipments. This figure is based on the percentage of total revenue those carriers spent […]

US Consumer Spending, Residential Investment Driving a Weak Economy

US Consumer Spending, Residential Investment Driving a Weak Economy

US Consumer Spending, Residential Investment Driving a Weak Economy $DIA, $SPY, $QQQ, $VXX The demand side of the US GDP accounts shows that the nations economic engine has 6 cylinders, they are: consumer spending residential investment capital spending inventories net exports government spending. In recent Quarters, it seems like most of the US economy’s power […]

South Korea’s Household Consumption Falling

South Korea’s Household Consumption Falling

South Korea’s Household Consumption Falling Private (household) consumption in South Korea fell in Q-1 on lower household income, a government report revealed Friday. Monthly private consumption averaged 2,669,000 Won (US$2,262) per household during the January-March period, up 0.6% from the same frame last year, according to Statistics Korea. Real private consumption, adjusted for inflation, declined […]

Summer Investment Strategy, Play Defense

Summer Investment Strategy, Play Defense

Summer Investment Strategy, Play Defense $DIA, $SPY, $QQQ, $VXX As we enter this Summer trading season the big Wall Street traders head to The Hampton’s to vacation their trading positions laid out and staked. This year we are dealing with sluggish trading season, and an all but stalled global economy too. Notably, Eurozone business growth […]

Investors Losing Billions on Central Bank Monetary Policy

Investors Losing Billions on Central Bank Monetary Policy

Investors Losing Billions on Central Bank Monetary Policy $DIA, $SPY, $QQQ, $VXX Investors are losing billions a year from central banks that have set interest rates below Zero in an effort to stimulate economic growth by punishing saving and encouraging lending. Negative-yielding government bonds cost investors about $24-B a year, according to calculations from Fitch […]

Americans Confidence on Economy Dives to Lowest Mark in a Year

Americans Confidence on Economy Dives to Lowest Mark in a Year

Americans Confidence on Economy Dives to Lowest Mark in a Year $DIA, $SPY, $QQQ, $VXX, $AAPL Notable 1: For the vast majority of Americans, the “Dream” of a better life was lost in the early 1970’s. Notable 2: Apple Inc. (AAPL) -NasdaqGS  104.35 Down 0.73(0.69%) 4:00p EDT After Hours : 96.10 Down 8.25 (7.91%) 7:59p EDT Americans’ confidence […]