| Articles related to Personal Income |
|
| |
 | Mac Slavo - ShtfPlan |
| New Survey Shows Just How Hard It Is To Make Ends Meet: ‘Half Of People Need Credit Cards Just To Make It To Their Next Payday’ |
| A new survey was done in the United Kingdom and it shows just how hard it is for young people to survive paycheck to paycheck. Almost half of those surveyed admitted to needing credit to make ends meet until they get paid again.
More than half of young women have to borrow to make their funds last to the end of the month, highlighting the impact of stagnating wages, insecure work, and rising prices like taxation on millennials. A survey of 4,000 people aged 18-30 shows that 51% of young women anTuesday, September 8, 2020 |
|
| History of Gold |
| August 15, 1971 Richard Nixon suspends the Dollar to Gold convertibility |
| United States President Richard Nixon's address to the nation announcing the "temporary" suspension of the dollar's convertibility into gold. While the dollar had struggled throughout most of the 1960s within the parity established at Bretton Woods, this crisis marked the breakdown in the system. The closing of the gold window signified the end of the Bretton Woods system.Friday, April 17, 2020 |
|
 | Przemyslaw Radomski CFA - SunshineProfits |
| Dark Cloud Covers Blue Chip Stocks |
| Stocks extended their Tuesday's move down yesterday, as the main U.S. stock market indexes lost 0.8-1.5% vs. their Tuesday's closing prices. Investors' sentiment worsened and the market got back to its last week's trading range. The S&P 500 index fell closer to 2,700 mark again. It currently trades 5.5% below January 26 record high of 2,872.87. The Dow Jones Industrial Average lost 1.5% yesterday, as it was relatively weaker than the broad stock market gauge. On the other hand, the technology NaFriday, March 2, 2018 |
|
 | Mish - Global Economic Analysis |
| Stock Ownership Rate Plunges as Credit Card Debt Soars |
| The savings rate is at a 12-year low. Revolving credit is at a record high and the stock ownership rate has plunged.
Stock Ownership Rate Collapses
One way to support consumption is to sell your stocks. Many did just that.
A May 2017 Gallup survey shows U.S. Stock Ownership Down Among All but Older, Higher-Income.
Here's the Gallup question: Do you, personally, or jointly with a spouse, have any money invested in the stock market right now -- either in an individual stock, a stock market fund, Wednesday, January 31, 2018 |
|
 | Wolf Richter |
| What Does it Mean, Saving Rate drops to 12-Year Low when 50 of Americans Don’t Have Savings |
| Or what the averages are hiding.
We will start with income and see what’s left over, and for whom.
Personal income increased by 4.1% in December from a year earlier, the Bureau of Economic Analysis reported today. This includes all income received by all persons from all sources, such as from labor, financial assets (dividends and interest income but not capital gains), business activities, homeownership (rentals), government transfers, etc.
“Real” personal income — adjusted for inflation via “cWednesday, January 31, 2018 |
|
 | Nathan Lewis - New World Economics |
 An Inquiry Into the Nature and Causes of the Wealth of States (2014), by Arthur Laffer, Stephen Moore, Rex Sinquefield, and Travis Brown |
| I’ve been continuing my catch-up on the state of all things taxation with An Inquiry Into the Nature and Causes of the Wealth of States (2014), by Arthur Laffer, Stephen Moore, Rex Sinquefield, and Travis Brown. I am somewhat embarrassed to say that I haven’t gotten to this until now, although I bought the book some time ago and have had it standing by.
This is a good book. It has the kind of practical approach — a “what the heck is really going on here” stance — that I find very refreshing. A lMonday, January 29, 2018 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| More New Record Highs, But Bull Market May Die On That Euphoria |
| The U.S. stock market indexes gained between 0.9% and 1.3% on Friday, extending their uptrend despite worse-than-expected advance GDP number release, as investors' sentiment remained very bullish.The S&P 500 index has reached new record high at the level of 2,872.87. It broke above its Wednesday's high of 2,852.97. The Dow Jones Industrial Average has also reached new record high at the level of 26,616.71. It was relatively weaker than the broad stock market, as it gained 0.9%. The technology NaMonday, January 29, 2018 |
|
| Nathan Lewis - New World Economics |
| Toward Fundamental Tax Reform (2005), edited by Alan Auerbach and Kevin Hassett |
| On the recommendation of a friend, I decided to read Toward Fundamental Tax Reform (2005), a book of papers edited by Alan Auerbach and Kevin Hassett. It was related to an American Enterprise Institute conference, and published by AEI. There were a lot of interesting ideas in the book, worthy of further discussion.
Overall, I was struck by the level of sophistication and mastery here. I have been focused on monetary topics for quite a while now, and the norm there is endless confusion and nonsenSunday, January 14, 2018 |
|
| Graham Summer - Gains Pains & Capital |
| Bitcoin Gets the Gold Treatment- Futures Roll Over FOMO Crowd |
| We Told You First- Bitcoin is Going to Be made To Heel per its Banking - Government Overlords.
Written by Soren K., Bon Scott, and Fay Dress for the Soren K.Group
There is no Bretton Woods agreement to repeal here. Therefore, just control the upstart before if gains traction is all that needs to be done. And it is being done right now. Bitcoin as a potential alternative to sovereign fiat is being strangled in the crib right now via futures listing in the US and banning in the Asian markets. WeSunday, December 24, 2017 |
|
| Nathan Lewis - New World Economics |
| Start Planning the Tax Reform of 2019 |
| (This item originally appeared at Forbes.com on December 18, 2019.)
https://www.forbes.com/sites/nathanlewis/2017/12/18/start-planning-the-tax-reform-of-2019/#38e70d7349b5
The Tax Cuts and Jobs Act of 2017, focusing on corporate taxes, is almost (if not quite) in the bag. Great! In the end, not much was done on the side of personal income taxes, even if that got a lot of attention. There is still much to do. I would get started in 2018, to pass something in 2019.
Where we want to go: A Flat Tax Tuesday, December 19, 2017 |
|
| Mish - Global Economic Analysis |
| GOP Tax Reform: How Does It Affect Me You Mish Alternative Proposal |
| People have asked me to comment on the GOP’s Unified Framework For Fixing Our Broken Tax Code.
I will do so honestly.
In the comments below I explain how the proposal benefits me personally, small business owners in general, and the average person.
First, let’s investigate other opinions starting with the ABC News report Trump plan promises huge tax cuts, but big questions remain
Promising big tax cuts and a booming economy, President Donald Trump and congressional Republicans unveiled the fiThursday, September 28, 2017 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| U.S. $20 Trillion Debt and Gold |
| On Friday, the total value of U.S. national debt surpassed $20 trillion. What does it imply for the gold market?
As one can see in the chart below, U.S. public debt approached $20 trillion in the second quarter. Last week, it finally surpassed this level for the first time in history. It means that the debt also exceeds GDP.
Chart 1: U.S. public debt (blue line, left axis) and U.S. public debt as percent of GDP (red line, right axis) between 1966 and 2017.
To make matters worse, the U.S. indeSunday, September 24, 2017 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| New Record Highs Ahead Or Just Bounce SP 500 Above 2,450 Mark |
| Briefly:Intraday trade: The S&P 500 index may slightly extend its short-term advance today. However, we can see some technical overbought conditions that may lead to a downward correction. Therefore, we prefer to be out of the market again, avoiding low risk/reward ratio trades.Our intraday outlook remains neutral, and our short-term outlook is bearish, as we expect downward correction. Our medium-term outlook remains bearish:Intraday outlook (next 24 hours): neutralShort-term outlook (next 1-2 Thursday, August 31, 2017 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| New Peak in Household Debt and Gold |
| In August, the New York Fed released a new update on household debt today showing record levels. What does it imply for the gold market?
On surface, the report about the household debt is scary, as the total household debt rose by $114 billion (0.9 percent) to $12.84 trillion in the second quarter of 2017. This increase put overall household debt $164 billion above its peak in the third quarter of 2008, and 15.1 percent above its trough in the second quarter of 2013. However, the assets surged aTuesday, August 29, 2017 |
|
| Mish - Global Economic Analysis |
| “Idiosyncratic and Transitory Factors” Holding Down Inflation: New Definition of Transitory |
| The latest Personal Incomes and Outlays report showed that the Personal Consumption Expenditures (PCE) price index was only up 1.4% from the same quarter a year ago. Excluding food and energy, the PCE was up 1.5%.
Yesterday, I made this sure-fire prediction: “Consumers like falling prices but the Fed sure doesn’t. Expect to hear more ‘transitory‘ comments from Janet Yellen.” For details, please see Personal Income Flat in June, May Revised Lower: PCE Inflation Down Again.
Yellen did not chime inThursday, August 3, 2017 |
|
| Przemyslaw Radomski CFA - SunshineProfits |
| June U.S. Consumer Spending and Gold |
| U.S. consumer spending rose 0.1 percent in June. What does it mean for the gold market?
Personal consumption expenditures increased 0.1 percent in June, following a 0.2 percent rise in May (after an upward revision). The rise is soft – U.S. consumer spending increased by the smallest amount in five months – but in line with expectations. On an annual basis, consumer spending rose 3.8 percent, which means that the pace of personal consumption expenditures growth decreased further, continuing its Wednesday, August 2, 2017 |
|
 | Andy Hoffman - Miles Franklin |
| Immutability And Timelessness, In The Dawning Of The Fintech Age |
| 2,500 years ago, the Greek philosopher Heraclitus wisely espoused, “the only thing that is constant is change.” Which, in the world of investing, could not be truer – particularly today, as the pace of technological innovation accelerates at an unprecedented pace. The problem is, that while technology is generally speaking a good thing, not all technology is utilized for favorable purposes; in many cases, in stark contrast to the best interest of the world’s “99%.” To that end, the foundationWednesday, August 2, 2017 |
|
| Andy Hoffman - Miles Franklin |
| Precious Metals And Bitcoin-Twin Destroyers Of The Fiat Regime, Part lll |
| After Whirlybird Janet’s “ding dong, the Fed is dead” speech 2½ weeks ago, I predicted the “final currency war” I first warned of 4½ years ago would be taken to Defcon 1 – as all Central banks aggressively respond to the America’s increasingly inflationary monetary policy; particularly, after its “low interest rate person” President installs Yellen’s replacement early next year. And lo and behold, last night’s Royal Bank of Australia policy statement “warned” that a stronger Aussie dollar wouldTuesday, August 1, 2017 |
|
| USA GOLD - USA Gold |
| The Daily Market Report: Gold Extends to the Upside |
| USAGOLD/Peter Grant/08-01-17
Gold extended modestly higher in early U.S. trading, establishing new 6-week highs above to the 1270.68 high from last week. At this point there is little in the way of intervening resistance ahead of the high for the year at 1296.06.
More soft economic data continues to raise doubts about the Fed’s tightening cycle. Pretty much everyone concedes that a September rate hike is off the table. While a December hike continues to hover around a 50/50 proposition based on Tuesday, August 1, 2017 |
|
| USA GOLD - USA Gold |
| Morning Snapshot: Gold continues to consolidate near 6-week high set last week |
| USAGOLD/Peter Grant/08-01-17
Gold remains well bid, within striking distance of the 6-week high established last week at 1270.83. Fresh 6-week highs would return focus to the high for the year set in early-June at 1296.06.
June personal income disappointed, coming in unchanged, against expectations of +0.4%. May was revised lower to +0.3%. With incomes continuing to languish, it is not surprising that inflation pressures remain weak.
Personal consumption expenditures (PCE) rose a scant 0.1%, in Tuesday, August 1, 2017 |
|
|
|
|
|
