“What’s Next, Air?” – NJ Dems Weighing Water Tax To Help Fix Pensions

With its reserve fund depleted, and its last-minute budget agreement featuring several unappetizing tax hikes on corporations and the wealthiest people living in the state (as well as taxes on e-cigarettes and Airbnb) New Jersey lawmakers and state officials are considering yet another tax – on tap water – that would purportedly be used to

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Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency

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Dollar Rally Ends With Trump Monetary Policy and Currency War Comments

The USD fell against major pairs on Friday after US President Donald Trump tweeted that China and the EU manipulate their currency. Trade war escalation has reached a second phase at a time when American politics are having an identity crisis with the ongoing Russian interference during the 2016 elections. Steven Mnuchin will head to

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Weekend Reading: Price Is What You Pay

Authored by Lance Roberts via RealInvestmentAdvice.com, Yesterday, I discussed the failure of tax cuts to “trickle down” as they have primarily been used for corporate share repurchases. As I was digging into the data, Doug Kass emailed me a quick note: “Berkshire Hathaway, likely under the weight of an enormous cash horde and more scarce alternative investment

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Dollar Dumps & Bond Yields Jump On Putin Panic, Trump Tantrum, Japan Jawboning

Anyone else find it interesting that UST bonds collapse the day after Trump directly slams China over its manipulation of the currency…   After China’s offshore Yuan collapsed overnight, it seems pretty clear that The National Team stepped in to save Chinese stocks… (SHCOMP ended unchanged on the week with PBOX Yuan Fix dropping second

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