The ‘black market’ marijuana trade is “booming,” Smart Approaches to Marijuana Director Kevin Sabet said in a TV interview early Tuesday. “Drug dealers love legalization,” Mr. Sabet said, because “they get to undercut the legal price. The government, in all its wisdom, taxes marijuana to pay for schools. BTW, it is not paying for any […]
The ‘bright burning’ progressive rising-starlet Representative Alexandria Ocasio-Cortez, (D-NY) is being dubbed the future of the party, if that comes to pass the Democrats are in big trouble. In remarks on TV Thursday afternoon, Joseph Lieberman, a former Democrat who was the party’s Vice Presidential nominee in Y 2000 before turning Independent said the party must […]
China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said Wednesday. Mounting US trade tariff pressure on the world’s 2nd-biggest economy pushed growth last year to its lowest since Y 1990 even as Beijing stepped up stimulus measures […]
In California Governor Gavin Newsom’s new budget is a nymber that says a lot about the Golden State’s legal marijuana market. Now, California is expecting a lot less cash from cannabis taxes. The Democrat’s proposed spending plan, released Thursday, projects the state will bank $355-M in marijuana excise taxes by the end of June. That […]
The French Are Protesting Economic Disparity French President Emmanuel Macron has vowed to cut taxes and boost France’s growth, now 1.5 yrs after he came into power, he is facing violent protests over rising taxes, a high cost of living and policies some say favor the rich. A country’s economic indicators don’t always match the […]
If You Win the $1.6-M in the Mega Millions Lottery, You Still Need a Financial Plan Playing the lottery has become the new version of the American Dream for many people. There have been no Mega Millions jackpot winners since 24 July, so the jackpot will be at least $1.6-B for Tuesday’s drawing. That payout will be […]
National Mandate for a Big GOP Victory in November, Brings Overseas Investors to US $DIA, $SPY, $QQQ, $RUTX, $VXX The 2018 midterm elections only 17 days away, + the political and earnings seasons are in full swing with the S&P 500 numbers coming in higher that expected with 20% of the member reported. The Big […]
A “Red Wave” in November Means More Tax Cuts for Americans $DIA, $SPY, $QQQ, $RUTX, $VXX A “Red Wave” in the November midterm elections means “tax cuts 2.0” GOP voter enthusiasm is powered by support for Supreme Court nominee Brett Kavanaugh Financial stocks are rallying for a 2nd day running as 10-year T-Note yields top […]
President Trump is “Guiding Hottest Economy in World” The US National Economic Council Director Larry Kudlow said America’s economy is leading the rest of the world by returning to a basic approach of cutting taxes and burdensome regulation to allow businesses to freely flourish with government oppression. “The U.S. is the hottest economy in the […]
Overall Americans are a Pretty Happy Lot It was on July 4th, 1776 that the signers of the Declaration of Independence agreed that we colonial settlers (not immigrants) had the unalienable right to life, liberty and the pursuit of happiness. So King George, buzz off. The Big Q: How are we doing 242 years later? […]
Illegal California Marijuana Shops Undercut Legal Market The Compton 20 Cap Collective just South of Los Angeles that was raided earlier this Spring is 1 of hundreds of illegal marijuana stores operating in LA County, where marijuana is legal for anyone 21 and over and retailers must be licensed to sell to them. Broad marijuana […]
US Consumer Comfort on Highs $DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 retests its 50-Day Moving Average at 2717 Americans’ sentiment improved to the best mark in 2 months on brighter views of the economy and personal finances, the Consumer Comfort Index reveled Thursday. Highlights of Consumer Comfort for the Week Ended 24 June 2018 […]
Key US Econ Data: Inflation Tame, Job Growth Strong $DIA, $SPY, $QQQ, $VXX Even with strong job gains and optimistic small business owners, inflation still at reasonable marks February Consumer Prices, Real Earnings and Small Business Optimism CPI: +0.2%; Over-Year: +2.2%; Less Food and Energy: +0.2%; Over-Year: +1.8%/ Hourly Earnings (Monthly): 0%; Over-Year: +0.4%/ NFIB: […]
Americans Now Know President Trump Has Cut Their Tax Bill America’s voters now believe that the Republican tax law will lead to their taxes being reduced, according to a poll released Tuesday by American Action Network. Last month, most Americans believed the tax law would raise their taxes, but that trend has now changed, even in […]
IRS Taps Bitcoin Traders’ Exchange Data Pool $BTCUSD Coinbase Inc., an online exchanges for digital currencies, has warned thousands of its customers that it will be reporting their financial data to the US tax officials. The request was part of a probe by the Internal Revenue Service (IRS) into alleged tax evasion and advoidence. The […]
LA: Legal Recreational Marijuana Sales Top Estimates Marijuana sales in Los Angeles are higher than estimated since marijuana became legal on 1 January according to reports “Originally the department was given a budget of $1.3-M, and to date we have collected over $2.2-M in licensing fees, and we have around about $800,000 in outstanding invoices, […]
Why GBIT for 2018? $BTC, $ETH The cryptocurrency world is very similar to the stock market and a black hole in space. It’s getting to the point to where you have to start paying attention to the cryptocurrency market because wealth is being obtained daily with some of the trades being made and more and […]
US Seeing Highest Spending Since 2009 Stimulus Real federal spending in FY 2017 was the 2nd highest in the history of the United States, topped only by Y 2009, when former president Barack Hussein Obama’s $840-B stimulus law was enacted according to reports. Fiscal Year (FY) 2017 also saw the 2nd highest real federal individual […]
Recreational Marijuana Use Coming to California in 2018 In Y 2018, 25 years after approving medical marijuana, Californians will be able to consume it for recreational, and the localities that have reaped the most from legal marijuana sales may in for a billion-dollar windfall. Los Angeles, San Francisco, and Alameda counties collected the most in […]
Poll: Optimism Among Small-Business Owners Soars on the Trump Effect $GE, $CAT, $F US small-business owners are the most optimistic they have been since July 2007, according to the latest Wells Fargo/Gallup Small Business Index. The overall index is now at 100, up 20 points since November and up 33 points from 1 year ago. […]
Trumpism: New York Fed Raises Q-1 & Q-2 GDP Outlook to 3.19% $DIA, $SPY, $QQQ, $VXX The New York Fed Friday raised its estimates for US economic growth in the 1st and 2nd Quarter from a week ago following the latest data on inventories, trade and jobs US GDP (gross domestic product) is on track […]
“American Spirit” Ignited, US Business & Consumer Confidence Running High $JPM, $GS Jamie Dimon, 60 anni, said President Trump’s economic agenda has ignited US business and consumer confidence and he expects at least some of the administration’s proposals to be enacted. “It seems like he’s woken up the animal spirits,” Mr. Dimon, Chairman and CEO […]
Unprecedented Trump Stock Market Rally Signals Confidence & Optimism $SPY, $BA Friday, the US major stock market indexes finished a run of 7 straight session highs and the S&P 500 was up for the 4th week running in the unprecedented post-Presidential election US stock market rally. The latest stock market highs show a “great level of […]
Trump Rally Extends, Driving S&P 500 Market Value to $20-T + $DIA, $SPY, $QQQ, $VXX America First taking a firm hold on the business and consumer sentiment nation wide. Monday, the major US stock indexes hit record highs, with the benchmark S&P 500’s market value topping $20-T as investors see tax cuts promised by President Donald Trump coming […]
US Small-Business Optimism Highest in 10 Years $DIA, $SPY, $QQQ, $VXX US President Donald Trump’s vow to slash business regulations drove small-business optimism in January to the highest marks in more than 10 years. Monday, we saw the executive order that was just signed on slashing the regulations that have been choking small businesses, and […]
Predictions for 2017, The Dawning ‘Age of Trumpism’ The entire world is about to change, we are living a Key reversal in the Pattern There is a wave of anti-socialist, anti PC, anti-diversity, anti-entitlement, anti-establishment of the past 70 years is washing across the world now. On 16 June 2015 I wrote in this column […]
Monday, President Donald Trump Vowed to Cut Regulations & Taxes $DIA, $SPY, $QQQ, $VXX Monday, US President Donald Trump met with a dozen American manufacturers at the White House, pledging to slash regulations and cut corporate taxes, but warning them he would impose taxes on imports if they move production outside the country. President Trump, […]
The Data Reveals that 8 Men are as Rich as Half the World $CS, $MSFT, $AMZN, $FB, $ORCL The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6-B people, according to […]
Small Business Conditions Expected to Improve Under Donald Trump $DIA, $SPY, $QQQ, $VXX US President Elect Donald Trump’s victory in the US elections is a leap for small businesses, according to a survey of owners. The November reading of the National Federation of Independent Businesses’ (NFIB) small business optimism index jumped to 98.4 from 94.9 […]
Carl Icahn, “Donald Trump doing things that lead to a better economy.” $AZO, $AMZN Investment guru Carl Icahn said Thursday, that US President Elect Donald Trump’s accomplishments before he has even officially entered the Oval Office point to a “much, much better economy.” So promising, in fact, that the billionaire activist investor admits he should […]
The Post Election US Stock Market is “Amazing” $DIA, $SPY, $QQQ, $VXX The post-election US stock market action is intent on rallying to the new highs daily, such moves are typically associated with rapid economic growth. But, so far we have not seen any new data that supports that, except for Consumer Confidence, aka optimism, hitting its […]
Donald Trump, “Move manufacturing offshore, face heavy taxes.” $UTX President Elect Donald Trump warned US companies that moving manufacturing to other countries would be a “very expensive mistake” as they will face heavy new taxes. Early Sunday morning, Donald Trump summarized his the plan that was long part of his campaign position, shifting production from […]
The Trump Rally Can Extend Into 2017 $SPY It is looking likely that President Elect Donald Trump will preside over a continuing US expansion that could take its place as the longest among American business cycles, there are industry experts that predict that by the time Donald Trump takes office in January, the S&P 500 […]
LBMC professional services firm’s goal is to help organizations become better and stay financially ahead. With upcoming changes in tax laws, Brian McCuller, shareholder-in-charge of the tax practice at Tennessee-based LBMC, has created a list of key changes in tax laws business owners should consider as they plan for 2017. To view the complete tax […]
Donald Trump Takes Charge And happy days are here again for Republicans The liberal hysteria over Donald Trump’s election as US President extends to coverage of his transition. “Firings and Discord Put Trump Transition Team in a State of Disarray,” says the NY-T’s. “Intraparty fratricide looms over the GOP,” says a columnist for the WP. […]
President Trump Would Cut Tax Rates Across The Board Donald Trump’s tax plan cuts taxes for all Americans with an emphasis on the middle class, his economic policy adviser Wilbur Ross said Tuesday on TV. A President Trump would slash rates across the board, Mr. Ross said “He wants to cut taxes for everybody,” Mr. […]
Donald Trump’s “Gettysburg Address” After listening the speech, GOP Presidential nominee Donald Trump affirmed the multitude of changes he will make in his 1st 100 days, I was amazed to hear the naysayers from the WS-J. And all the talking heads on the Fox Cable News network, want to talk about is “grope-gate” and the […]
US Budget Deficit Rises for 1st Time in 7 Years, More Borrowing Needed The US budget deficit as a share of the economy widened for the 1st time in 7 years, marking a turning point in the nation’s fiscal outlook as an aging population boosts government spending and debt. Spending exceeded revenue by $587.4-B in […]
Donald Trump, “Hillary Clinton is trigger-happy and very unstable,” Republican Donald Trump vowed to boost military spending by 10’s of billions of dollars, outlining plans Wednesday for major increases in the number of active troops, Navy ships and submarines, and fighter planes as he works to convince skeptics in both parties he is ready to lead […]
Apple’s (NASDAQ:AAPL) Cash ‘Hoard’ is Huge $AAPL Apple’s (AAPL) cash hoard, is so large, and has been for so long that many do not pay much attention to it anymore. What the market analysts hear about the Apple cash stockpile now is that “it is really not that big when you take debt and potential […]
The Earlier Millennials Start Saving, The Easier to Accumulate “Nest Egg” $DIA, $SPY, $QQQ, $VXX Young workers today probably cannot think about retiring for 40 or 50 years. Longer lives and the prospect of weaker investment returns mean millennials will probably have to save more money, over a longer period of time, than their Parents […]
US Corporate Profits Fall, US Government Deficit Rises $DIA, $SPY, $QQQ, $VXX The federal government last month recorded the biggest monthly budget deficit since February, and the deficit so far this budget year is running 10% higher than a year ago. The US Treasury Department said Wednesday that the deficit came in at $112.8-B in July, […]
Home Ownership is Out of Reach for Majority of Californians Less than 33% of California residents earn enough money to afford the cost of a Golden State home. Lower interest rates failed to offset strong seasonal price increases, making it harder for Californians to purchase a home in Q-2 of Y 2016, the California Association […]
Working class Americans have to love Donald Trump as President Donald Trump will propose one of the biggest tax cuts since the days of Ronald Reagan in a new economic blueprint to be unveiled next week, according to an adviser to the GOP Presidential candidate. Donald Trump will reiterate his plan to cut the corporate […]
Steven Machat (I-FL), “I can get things done.” Steven Machat, 64 anni, former Democrat, former Republican, now Independent, has thrown his “hat in the ring” in a bid to unseat once Presidential hopeful and incumbent Senator Marco Rubio (R-FL) from the US Senate. The dashing entertainment mogul, social activist, educator/author vows to overcome political divisions and […]
Arthur Laffer, “Donald Trump Wins by a “Landslide” and Lowers Taxes” Some may recall that Arthur Laffer, the Laffer Curve, which he sketched on a napkin at a meeting with Dick Cheney and Donald Rumsfeld in Y 1974 then Ford Admin officials. The Laffer Curve is represented as a graph that starts at a 0% […]
Update: Federal and State Government Marijuana Policy House Republicans blocked an effort to open up banking for Marijuana businesses House Turns Back Effort to Give Pot Businesses Access to Banks. The Republican-led House Wednesday voted down an amendment to the FY 2017 Financial Services and General Government Appropriations Act that would have blocked federal regulators […]
The 10 Countries with the Lowest Business Taxes All of the GCC countries but Oman are on the list When looking at where to locate or expand their businesses, international firms pay special attention to the tax rate of different countries. This is why governments often compete to maintain low business taxes and offer attractive […]
Memorial Day Weekend in Obama’s Chicago, 40 People Shot A string of shootings brought the total number of people shot during the Memorial Day weekend to at least 40, the Chicago Police Department said. Between Saturday afternoon and early Sunday alone, 12 were shot and killed and 24 others wounded across the Mid-Western City. A […]
China’s Economy Seeing Stable Growth in 2016 Recent figures have shown that the Chinese economy has generally seen stable growth with deepening supply-side structural reforms, an official from the National Bureau of Statistics said Monday. Meanwhile, measures have been taken to expand total demand in the 1st 4 months of this year, contributing to economic […]
Wall Street Bulls Warming to a Trump Presidency $DIA, $SPY $QQQ, $VXX Some Key Wall Street players are warming up to presumptive GOP presidential nominee Donald Trump. Their message for the financial markets is this: “A Trump presidency could be a catalyst for big gains.” A Trump presidency will likely add up to a positive […]