What will it take to radically reduce the cost basis of our economy?
Senate Republicans are scrambling to pass tax legislation after Majority Leader Mitch McConnell delayed a planned series of votes until Friday morning.
Needless but highly profitable forced-upgrades are the bread and butter of the tech industry.
Bloomberg Gadfly's Sarah Halzack explains what department stores are up against, and how they might revive themselves before it's too late.
The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is zero, because it's far too profitable for politicos to operate their auction for tax favors.
In this episode we take a look at Macy's. We visit two stores....
The quality, durability, utility and enjoyment-of-use of our products and services has been plummeting for years.
Every single line item in our entire Bernie Madoff scam of a system is cooked.
The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or death.
Ted Cruz and Bernie Sanders have a civil debate over tax cuts.
Dear local leadership: here's the formula for long-term success.
Charles Hugh Smith explains what the recent Fed report really reveals about the US economy.
Few seem to ponder what global shortages in key commodities might do to prices.
When Hurricane Maria knocked out power in Puerto Rico, residents there realized they were going to need physical cash — and a lot of it.
Apple concluded that they can no longer rely on offering new iterations of the iPhone at the expected price. Instead, they needed to find a way to charge a much higher price, thereby insulating them from present and future price inflation in production.
I would hazard a guess that an increasing number of tax donkeys are considering dropping out as a means of increasing their happiness and satisfaction with life.
Japan is a global leader is how to gracefully manage stagnation.
There is nothing inevitable about such vast, fast-rising income-wealth inequality; it is the only possible output of our financial and pay-to-play political system.
The answer is not another $1 trillion in student loan debt to pay for another raft of declining-value credentials.
When the price of oil rises to the point of pain, just remember the handy-dandy discount mechanism: a much stronger US dollar.
At Q&A Gary Cohn said he expects most of corporate tax cuts to go to share buybacks.
So let's look at currency flows, reserves and debt.
Democracy (i.e. political influence) and ownership of productive assets are the exclusive domains of the New Aristocracy.
Strip an economy of capital, productive incentives, talent and yes, ethics, and what are we left with? An economy spiraling toward an inevitable collapse.
Yes, this time it's different: all the foundations of a healthy economy are crumbling into quicksand.
Labor's share of the national income is in freefall as a direct result of the optimization of financialization.
The authors' thesis doesn't explain the 47-year downtrend of labor's share of the economy.
In an economy in which wages for 95% of households are stagnant for structural reasons, pushing inflation higher is destabilizing.
The idea that authorities can massage their pumping to keep asset bubbles inflated at a permanently high plateau is currently being tested.
The point is the present system cannot endure.