Tax Revenue

When Bulls Collide

With this backdrop of weakening underpinnings of the “Trump Trade” but exuberant hopes of a continued bull market run comes the potential collision between markets. It is highly unlikely that bond bulls and stock bulls will both be right.

Two Trends That Will Force The Fed To Start Buying Stocks

While the Japanese and Swiss central banks have turned themselves into hedge funds by loading up on equities, the US Fed has stuck to supporting the stock market indirectly, by buying bonds. It’s worked, obviously, with all major US indexes at record highs. But it won’t work going forward, thanks to two gathering trends.

America's March To Default

Somehow, through all of this, our representatives are oblivious to what’s really going on; that the U.S. government is just months away from a possible default...

Which State Are The Biggest "Moochers"?

Leftists proclaim that many states within the Trump heartland are what many might call "moocher states" because the residents there - taken overall - receive more in federal spending than in is paid in federal taxes. However, it's important to understand why some states are more prone to being net recipients of federal spending than others.

What's Next With America's Enormous $20 Trillion Debt?

History is full of examples of debt bankrupting dominant superpowers, going all the way back even before the ancient Egyptians. This time is not different. Debt is a ticking time bomb. And in this case, given the widespread consequences across the world, the bomb is nuclear.

Raising Interest Rates Can't End Well

"The economy looks to me like a type of Ponzi Scheme. It depends on both rising energy consumption and rising debt. Judging from the problems we are having now, it seems to be reaching its limit in the near term. Raising interest rates will tend to push it even further toward its limit, or over the limit. The world economy is operating at too close to 'stall speed'. The financial system is too fragile."

The US Government Now Has Less Cash Than Google

"Our modern 'experts' tell us that the US government will always pay and that a debt default is impossible. Well, we’re living in a world where the 'impossible' keeps happening."