Second Democrat representing Trump district backs impeachment
August 20, 2019 inPolitics
Rep. Lauren Underwood (D-Ill.) on Tuesday announced support for an impeachment inquiry, becoming the second House Democrat representing a district carried by President Trump in 2016 to back the move.Underwood pointed to recent comments from House... ...Read more from our friends at The Hill
Trump says he's considering cut in payroll taxes, calls on Fed to cut rates
August 20, 2019 inPolitics
President Trump confirmed Tuesday that he’s considering a cut in payroll taxes to spur more growth, as he called on the Federal Reserve again to cut interest rates and chided the media for rooting for a recession. “Payroll taxes is something I have been thinking about,” Mr. Trump told reporters during an Oval Office meeting with Romanian President Klaus Iohannis. “Many people would like to see that.” He said he would also...
I’m 34 and have 5 to 10 years to live — I want to spend $50K…
August 20, 2019 inEconomics
Dear Moneyist, I am a 34-year-old with a degenerative neurological condition that gives me somewhere between five and 10 years to live. I recently retired on disability from my job and will gross $80,000 a year, 50% of which is tax-free. My wife is a teacher and has a steady career, grossing $68,000 a year. We have no children, and have total savings (retirement and other...
Harry Reid: 'Decriminalizing border crossings is not something that should be at the top of the…
August 20, 2019 inPolitics
Former Senate Majority Leader Harry Reid said in an interview published Tuesday that decriminalizing border crossings "is not something that should be at the top of the list" for 2020 Democrats.“There are so many more important things to do,” the... ...Read more from our friends at The Hill
"Impossible" Events Are Becoming A Daily Occurrence
August 20, 2019 inEconomics
Submitted by Monday Morning Macro "Impossible" Events Are On The Rise... A 4-sigma event would be expected to happen once or twice in a trading lifetime – according to the most popular VaR-based risk models. We’ve seen 10 of those this month in Treasuries. What we should have learned from the GFC has been all but forgotten. What the market had considered to be impossibilities (or at least highly unlikely…) is quickly...
Pelosi, Schumer press for gun screenings as Trump inches away
August 19, 2019 inPolitics
Democratic leaders on Capitol Hill pressed President Trump on Monday to support tougher gun laws, a move that comes as the president attempts to shift the focus of gun-violence prevention from firearms to mental illness.Speaker Nancy Pelosi (D-... ...Read more from our friends at The Hill
No. 4 Democrat in Congress wants impeachment inquiry
August 19, 2019 inPolitics
SANTA FE, N.M. (AP) - The No. 4 Democrat in Congress has announced his support for moving forward with an impeachment inquiry against President Trump. In a statement published Monday, U.S. Rep. Ben Ray Luján accused Trump of actively encouraging Russian interference in U.S. elections and said an impeachment inquiry is needed to uncover facts and hold the president accountable. Luján is running for an open U.S. Senate seat in 2020 as...
CNBC’s Jim Cramer: It’s a trap!
August 19, 2019 inEconomics
If you’re frantically buying or selling stocks based on what the inversion and the subsequent uninversion of the yield curve is signalling, Jim Cramer has a message for you: Calm down. ‘Everything seems like a trap now. It was a trap to sell off the inverted, and now they have to go buy back on the uninverted. What happens if we get inverted again?’ ...
