Today Chris Ciovacco points to some other indicators that are beginning to turn negative. Of course, we are coming to the end of the summer doldrums and so we could see a reversal of fortunes as we enter the fourth quarter but we still have to make it through the notorious months of September and October. Remember the ROC has not issued a sell signal yet but just a preliminary warning.
Obama’s Comments Worry Stock Bulls Read More »
The most notorious recent case was in Zimbabwe and ran from 1998 – 2008. But North Korea experienced less severe hyperinflation in 2010 -2011. Other recent examples include Belarus 1994-2002, Bosnia and Herzegovina 1992-1993, and Angola 1991-1999. You can see a list of 26 examples of Hyperinflation beginning with Egypt in 276 AD which had 1 million percent inflation over 58 years and ending with Zimbabwe. And lest we Americans get too smug we need to realize that we are the only ones on the list twice. Once in 1779 and again in 1861-1865. The result of the Revolutionary and Civil wars.
Surviving a Hyperinflation Read More »
Estate planning is always evolving before our eyes. Tax laws change from year to year and laws passed in 2012 have carried an abundance of consequences. Obviously the more money you have the more significance estate planning tends to carry.  How should we go about estate planning in this restructured environment?
Trends: Estate Planning Changing Read More »
In today’s article John Mauldin describes Japan’s economy as “a bug in search of a windshield” and when you look at their monetary situation you wonder how they could possibly have gone this long with the inevitable smash-up. John believes that 2013 is “the year of the windshield” for Japan. ~Tim McMahon, editor Thoughts from
The Japanese Monetary Crisis Read More »
“What do you expect when you target the President?” This is what an Internal Revenue Service (IRS) agent allegedly said to the head of a conservative organization that was being audited after calling for the impeachment of then-President Clinton. Recent revelations that IRS agents gave “special scrutiny” to organizations opposed to the current administration’s policies
The IRS’s Job Is To Violate Our Liberties Read More »
1913 is a year that will live in infamy. On March 1st, 1913, the 16th Amendment took effect providing for a 1% Federal Income tax and on December 23rd President Woodrow Wilson signed the Federal Reserve Act into law. Perhaps an effort to keep tabs on the Federal Reserve is what inspired the Department of Labor to begin tracking inflation that same year. Incidentally, that same year the department of Commerce and the department of labor split into two separate departments. Now 100 years later the average Federal Income Tax rate in 2011 was 11.8%. The top 5 percent of earners paid approximately 58.7 percent of federal individual income taxes while paying an average effective tax rate of 20.46%. The bottom 50% paid an effective Federal Income Tax rate of 1.85%.
The 100th Anniversary of the Federal Income Tax Read More »
Even though the Central Bank of Cyprus is showing the world – in stark naked detail – how governments will deal with their debt problems, there is no general panic. Panicos Demetriades the governor of Cyprus’ central bank goes about his business… like Ben [Bernanke] and Mario [Blejer head of the Argentine Central Bank]… ripping
Cyprus Banks and the Rise of Neo-Feudalism Read More »
The business world is closely tied to the world of politics, with trade liable to be put in peril or even shut down at a moment’s notice if a nation’s government puts a lid on it. Diplomatic efforts can either grease the wheels of individual businesses through granting monopolies or promote free-trade that can bring
How Diplomacy Is Affecting Foreign Investments Read More »
In the current tax season, one of the greatest challenges of business, especially in the US, is the inevitable tax increase especially since the government is likely to implement the increases hand in hand with government spending cuts. This situation is causing a high level of uncertainty in business taxes and could potentially have significant repercussions. In view of the uncertainty in this tax season, it is also important for you to understand how various factors may affect your business’ bottom line.
New Factors Affecting Your Business this Tax Season Read More »
The Dow has been setting record highs for over a week now. You’d think the economy was booming or something. But as I’ve said before perhaps it is all just “funny money.” Is it possible that even though inflation isn’t affecting the price of most commodities it is affecting the stock market? After all, if people are concerned about their future, rather than spending money they save it but if the banks aren’t paying enough interest to cover inflation perhaps you might consider putting it in a mutual fund? That would drive up the price of stocks encouraging more people to choose mutual funds over banks. Hmmm. In today’s article Eric Frye looks at the stock market in a very different way.Â
Three cheers for the Dow Read More »
