Tag Archives: Taxes/regulation

Income tax withholding payments stumble again  – by New Deal democrat The important data this week will include new home sales tomorrow, Q1 GDP and initial jobless claims on Thursday, and most importantly of all (imo) real personal income and spending, along with real manufacturing and trade sales on Friday. In the meantime, today let me take another look at a significant coincident indicator, income tax withholding payments, because the...

Yes I am complaining about filing a tax return (I wonder how many people are blogging such complaints today). I am trying to e-file a return for [un-named relative X] who is a full time student with zero income and IRS anxiety. OK so we are silly as X is not required to file a return. So the IRS has an apparently covenient web based e-file system https://www.freefilefillableforms.com/home/continuereturn.php (warning do not click this link if you...

The Overdue Selection of Stuff from My In-Box. Some days are good at Angry Bear. Getting a background in how to run a Blog by myself at this time. Sometimes run out of ideas. Fortunately, I have good influx of articles hitting my In-Box daily. I recently cleaned out a couple of thousand emails going back a couple of years. Hoping Dan will get better and can join me. He was the brains and is the owner of Angry Bear. I just write or C&P . . ....

Up to 35,000 UBS and Credit Suisse jobs at risk, SWI swissinfo.ch The megabank created by the UBS takeover of Credit Suisse is reducing its global workforce by 20-30% or between 25,000 to 36,000 positions. This is according to the  Sonntags Zeitung newspaper, citing an unnamed senior UBS manager. This was interesting in the US. According to CNBC Markets (Elliot Smith, three issues were occurring and pushing Credit Suisse to the brink of...

Weekly Indicators for March 27 – 31 at Seeking Alpha  – by New Deal democrat I keep forgetting to put up this link on Saturdays, but you know where to find it: my Weekly Indicators post is up at Seeking Alpha. The good thing about high frequency indicators is you can see what is happening with trends much more quickly than with monthly releases. The bad thing is that the drip-drip-drip can take forever! Anyway, the fallout from SVB...

I have read enough on the bailing out of two banks (Silicon Valley Bank and the smaller Signature bank). in 2018, I had argued against increasing the $50 or $100 (?) billion limit to $250 billion. These were commercial banks which were allowed in 2008 to join with Wall Street banks to dabble in securities, Banks writing home mortgages had skipped the practice of registering them with the counties. Not a safe practice. Here we are in a situation where...

With the exception of the One-handed Economist, quite a few of these consumerism and environmental articles show up in my In-Box. Some of them are actually quite good. In the past I did have some of them my In-Box Post. I thought this time I would break them out separately. Most of the are from Treehugger and Consumer Affairs. Consumerism: What is credit and how does it work? ConsumerAffairs, Jessica Render. People are getting credit from...

Weekly Indicators for March 20 – 24 at Seeking Alpha  – by New Deal democrat I’ve neglected to put this up for the past several weeks, but by now you know where to find my latest Weekly Indicator post at Seeking Alpha. Probably unsurprisingly, in the week after the Silicon Valley Bank failure, just about every financial stress indicators suddenly spiked. In other words, credit conditions, which had already tightened by the end of last year,...

Naomi Oreskes: All good myths have a kernel of truth. The other title: MAGA: You’ve been played. In her book: The Big Myth, How American Business Taught us to Loathe Government and Love the Free Market she researched the history of the source of the position and ideology of “Free Market” capitalism void of regulation. It came out of her work researching big tobacco and climate change for her book: Merchants of Doubt. The short of the...

This is conversation between Summers and Frank are from March 13th. In this conversation, Barney could be right. He is refusing to agree that raising the limit for banks was a bad idea. If so, then how do you protect the public and the bank from bank managers doing stupid things? Gambling again with other people’s money is something they seem to be accustom to doing. JUANA SUMMERS, HOST: Two banks have failed in the last few days. The federal...