The Rich Avoid Taxes
The rich avoid taxes. Surprised? The wealthiest 400 households in the United States paid 23% in combined taxes at all levels last year. That is the equivalent rate, or actually slightly lower than what lower income families pay and about 2/3rds what higher income...
Doomsday Dollar
The “Doomsday Dollar”,( important for commodity traders). AG Bisset Associates, a long time currency trading group has observed that the US dollar works in fifteen year cycles. The most recent strong cycle ended on January of 2017.In the past three cycles, the dollar...
Autocratic or a democratic form of government, which is better?
Autocratic or a democratic form of government, which is better? Morgan Stanley has noted that since 1950, there have been 43 cases in which an economy grew at an average annual rate of 7% or more for a full decade. 35 of those booms took place in an autocratic...
Which financial entity has more clout?
Which financial entity has more clout? The following is a list of the largest banks in the US by assets under management (AUM). The top four banks now account for 50% of all US banking assets. A fairly large concentration and one which totals $8.97 trillion (for the...