Gold, bitcoin loving the sturm und drang of markets

Before you could figure out how the market would react this morning to flat retail sales for the holiday quarter, Dow futures were up bigly on Wednesday.

Then before you could look up the definition of inflation this morning, the market was down “bigerly” on the Consumer Price Index report. Continue reading

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2018: $40K bitcoin, more C-Suite resignations

I would like to welcome 2018 and write what I believe we will see in the business and economic headlines this year.

The first caveat is with President Trump on Twitter there is no way you can be too outlandish in predicting what may happen in 2018. The president can open up a number of cans of worms with less than 100 characters. Continue reading

No buying retail’s Christmas miracle

This holiday season’s feel good story is that retail is back for the US consumer.

Stories abound on the renewed consumer confidence and how that translates into growing sales, which rose 4.9% from Nov. 1 through Christmas Eve, compared with a 3.7% gain in the same period last year, according to the Mastercard Continue reading

Tax cut bill is anything but for middle class America

You can tell by the amount of spin that the Trump tax cut will not work out well for the remaining middle class Americans.

As the President marched out families who would benefit with lower tax bills if the bill is passed, I said to a colleague that we are screwed big time by this based on the dog and pony show we were watching. Continue reading

Middle class will be squeezed in tax ‘cut’ bill

The tax plan winding through Congress is becoming nothing the American middle class will appreciate.

The class warfare being put in the bill when all is said and done — perhaps before the end of the year — will not be recognized as beneficial to the dwindling ranks of middle class. Continue reading