“The states’ methods can be aggressive: Issuing subpoenas to pore through credit card statements, bank transactions or phone records to track a taxpayer’s location, and sending auditors to interview doormen or confirm doctors’ appointments.”
Tag Archives: Investment/Trends
It’s Adapt or Die in the New Saudi Economy
“The stark contrast of failure and success is an increasingly familiar sight in the Saudi capital as the 86-year-old kingdom undergoes the biggest upheaval in its modern history to adopt a Western-style model of capitalism. Since the government trimmed subsidies and costs rose, the survival of businesses is being determined by different market forces.”
Read more: https://www.bloomberg.com/news/articles/2018-07-18/it-s-adapt-or-die-in-the-new-saudi-economy
Curiously, Cuba substitutes private property for communism in its new constitution
“The current draft omits a clause in the 1976 constitution on the ultimate aim of building a ‘communist society’, instead simply focusing on socialism. ‘This does not mean we are renouncing our ideas,’ Esteban Lazo, president of the National Assembly, was quoted as saying by state-run media. Cuba had simply moved into a different era following the fall of the Soviet Union, he added.”
Venezuela Surpasses Weimar: Hyperinflation Expected To Hit 1,000,000% By Year End
“The IMF also expects the Venezuelan economy to contract 15% this year, leading to a cumulative GDP decline since 2013 of 50%. Venezuela’s collapse, while contained, is so profound it is now holding back the rebound of the entire region: while Latin America is expected to grow 1.9% this year, the number would be 2.5% without Venezuela according to Bloomberg.”
Two giant US pension funds admit there’s a BIG problem
“People depending on a pension not only likely won’t get the money owed to them in the future… but they’ll also get stuck paying more into the system today. It’s a true lose/lose.”
Bottom 60 percent paying for the US boom by substituting debt for savings
“A Reuters analysis of U.S. household data shows that the bottom 60 percent of income-earners have accounted for most of the rise in spending over the past two years even as the their finances worsened – a break with a decades-old trend where the top 40 percent had primarily fueled consumption growth.”
6 companies that are the most reliant on government contracts
“What might be surprising is just how dependent some companies are on government spending for their existence.”
What Venezuelan savers can teach everyone else
“To Venezuelans such wisdom is essential, because when you are coping with hyperinflation, the long term is next week.”
Bill Bonner: The Fed Can’t Stop What’s Coming
“Donald Trump is the last person who wants to see interest rates go up. Not only does his personal business empire depend on low rates… so does his political empire.”
Read more: https://bonnerandpartners.com/the-fed-cant-stop-whats-coming/
Are Corporate America’s Buybacks A Scam?
“By contrast, institutional investors and hedge funds have been net sellers of stocks in 2018.”
Read more: https://banyanhill.com/corporate-americas-buybacks-scam/