Archive for December 19th, 2017

McDonald's is rolling out a new take on the Dollar Menu in January.

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The virtual currency stockpile that Cameron and Tyler Winklevoss began amassing in 2012 is now worth around $1.65 billion. They have no plans to sell.

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The slump came just around the close of the U.S. stock market after a wild day for stock traders focused on cryptocurrency plays.

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Bitcoins 1,600% rise this year and its recent wild value fluctuations have both excited investors and led critics to predict its demise, some with apparent glee.
The currencys detractors point to the price run up as nothing more than a bubble that will surely burst. They also say that as a cryptocurrency where users can sometimes hide their identities, its use facilitates illicit transactions, leading governments such as China to declare all such currencies as illegal.
But these views miss an important reality: Cryptocurrencies operate according to a different set of fundamentals than…

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“The missing step in the standard Keynesian theory [is] the explicit consideration of capitalist finance within a cyclical and speculative context . . . finance sets the pace for the economy. As recovery approaches full employment . . . soothsayers will proclaim that the business cycle has been banished [and] debts can be taken on . . . But in truth neither the boom, nor the debt deflation… and certainly not a recovery can go on forever. Each state nurtures forces that lead to its own destruction. ” –Hyman Minsky, John Maynard Keynes
Contrary to the expectations of many (including…

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WASHINGTON (AP) Gleeful Republicans on Tuesday muscled the most sweeping rewrite of the nations tax laws in more than three decades through the House. House Speaker Paul Ryan dismissed criticism of the widely unpopular package and insisted results are whats going to make this popular.
The vote, largely along party lines, was 227-203 and capped a GOP sprint to deliver a major legislative accomplishment to President Donald Trump after a year of congressional stumbles and non-starters.
Senate Majority Leader Mitch McConnell, R-Ky., said the Senate would vote Tuesday evening,…

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NEW YORK (AP) Big U.S. companies have been piling up cash for years, but have spent little of it on buying equipment and raising wages and other things to grow the economy.
Republicans say they know how to fix this: Give companies even more money by cutting their taxes.
The $2.6 trillion in cash that U.S. companies have stored abroad is enough to send a check for more than $7,000 to every man, women and child in the country. The tax plan overhaul would add to that pile under the theory that more money will get companies to invest more, hire more and increase pay for their workers.
The…

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The Republican tax overhaul is poised to send about 10% of a net $1.5 trillion tax cut directly to middle-income households, according to an analysis released late Monday by Congress’s Joint Committee on Taxation.

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The Republican tax overhaul is poised to send about 10% of a net $1.5 trillion tax cut directly to middle-income households, according to an analysis released late Monday by Congress’s Joint Committee on Taxation.

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The electric multicooker is a true viral phenomenon. We went to the company’s Canadian headquarters to learn why.

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The development on New York's Seneca Lake and those who desire to live there are part of a growing interest in downsized and clustered housing.

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“DIVERSITY AND INDEPENDENCE ARE IMPORTANT BECAUSE THE BEST COLLECTIVE DECISIONS ARE THE PRODUCT OF DISAGREEMENT AND CONTEST, NOT CONSENSUS OR COMPROMISE.”
–JAMES SUROWIECKI, “THE WISDOM OF CROWDS”
“NEVER MAKE PREDICTIONS, ESPECIALLY ABOUT THE FUTURE.”
–CASEY STENGEL
It’s almost that time of the year again!
I plan to unveil my 15 Surprises for 2018 in a few days.
This is the 16th year that I have created my annual list of surprises on Real Money Pro.
Over time “Group Stink” has been increasingly embraced by the consensus, where extrapolation is the core foundation of forecasts. There…

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