Tax Loss Selling in Bitcoin Ep.32 In 2014 Bitcoin was the worst-performing financial asset Spending bitcoins triggers a taxable event Spending or selling at a loss also reflects on your taxes This holiday season, harvest tax losses while shopping Write-off could exceed value of gift You can also buy bitcoins back at a savings from […]
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Tax Loss Selling in Bitcoin Ep. 32 Read More »
U.S. Taxpayers will be forced to guarantee mortgages with 3% down Qualifiers are low-income or have not owned a home for 3 years Government is spinning this as “prudent” Buyers have very little skin in the game If real estate prices plummet, walking away is an easy choice Podcast: Download
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Fannie and Freddie Guarantee Bigger Losses Read More »
Stock market roller coaster ride this week Chinese market plummets Forex markets: Yen rallies after 7-year low The Swiss may discourage the EU against QE Unwarranted U.S.optimism as negative data is ignored Gold and Silver strong despite bad press Gold outperforming the Russel 2000 Deficit in Manufactured Goods hit all-time high China reports record trade
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Does Market Volatility Portend a Change of Trend? Ep. 30 Read More »
There can be little doubt that data releases rather than experience or intuition are driving the economic conversation. This is perhaps a function of the disconnection that many people feel about an economy that they no longer understand. Rather than trusting their own eyes or their own gut to form an opinion, it’s much easier
Data Driven or Driven Data Read More »
What is the goal of the “Inflation Mandate? What is the exact number of the mandate? If the real mandate is “less than 2%” they’re already there The European economy is expecting another QE, but I don’t expect it. How they plan QE if they don’t know what they are going to buy? Draghi cites
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Draghi Said ECB Considered Buying Every Asset Except Gold: Ep. 29 Read More »
On December 3, 2014, a contributed article by Peter Schiff, CEO of Euro Pacific Capital, and author of The Real Crash – America’s Coming Bankruptcy, ran in the Washington Times. The piece sheds important light on how the Federal Reserve’s attitude regarding sub 2% inflation has changed significantly over the years. He makes the case
Fed Yearns for Higher Inflation to Disguise Asset Bubbles Read More »
Media Spins Horrible Holiday Sales as Reflecting Economic Strength: Ep. 28 This holiday shoppers had more shopping hours 5% less traffic than last year 11% less money spent than last year The economy can’t support robust holiday sales Despite big drop in gas prices https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/api.podcache.net/episodes/ca140f5a-9557-40db-97ab-e4b36dc4c9f8/stream.mp3Podcast: Download
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Media Spins Horrible Holiday Sales as Reflecting Economic Strength: Ep. 28 Read More »
