The last time the Euro trended higher against the dollar was in 2017, which is also the last time international stocks outperformed the S&P 500. The dollar breakdown I talked about earlier this week continues to attract the attention of traders but the notice of the press. Here’s the EURUSD pair breaking out of a […]
Euro snaps ten year downtrend vs US dollar
The last time the Euro trended higher against the dollar was in 2017, which is also the last time international stocks outperformed the S&P 500. The dollar breakdown I talked about earlier this week continues to attract the attention of traders but the notice of the press. Here’s the EURUSD pair breaking out of a […]
Tax-News.com: US Businesses Urge Against Starting A Digital Tax ‘Trade War’
The United States Council for International Business has called on US authorities to focus its efforts on working with other countries to arrive at an international tax solution to the digitalized economy, rather than tackling countries’ unilateral responses.
There goes the dollar
Remember how Make America Great Again was all about a strong, masculine, beefy, red-blooded, double-wide, camo-clothed and fully loaded King Dollar as the signifier that the USA was back? Well, that’s not actually how things are playing out right now. We’ve done a horrendous job with coronavirus in the United States, turning masks and the […]
Will Tesla be added to the S&P 500?
[embedded content] Subscribe to The Compound and get it first! Josh here – I asked my friend Larry McDonald to come on ahead of Tesla’s Q2 earnings report because this could be the quarter that makes the stock’s S&P 500 inclusion inevitable. Tesla’s current market value is approaching $300 billion, which would make it one […]
How to turn a recession into a depression
Last week, the United States sent checks for $600 to approximately 25 million unemployed people. This amount effectively triples the average $350 per-week unemployment check from the states. As I argued in my new podcast episode this week (thank you for all the feedback and downloads, much appreciated!) distributing this money, at a cost of […]
Universal Basic Income is inevitable
What if I told you that, one day, when we look back, we’ll realize that the dream of Andrew Yang actually came true under the Trump administration – a giant leap toward Universal Basic Income, brought about by the peculiar circumstances of the worst global pandemic in a hundred years and the upcoming election… On […]
Tax-News.com: J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime
On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years’ work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud.
Tax-News.com: US Announces Tariffs On French Goods In Response To DST
The Office of the US Trade Representative has announced that the US will impose additional duties of 25 percent on imports of certain French products from next year in response to the country’s decision to introduce a digital services tax.
An important ratio
For obvious reasons, it’s a positive that the rate of deaths has not kept pace with the rate of new cases. You can chalk this up to more effective treatments, a younger population of newly infected people and the more persistent rate of testing catching the cases that are only mildly symptomatic versus only very […]