Mon, 22 August 2016
The rest of the media is finally starting to catch up with where we've been on the economy. At their yearly trip to Jackson Hole, the Fed is expected to play down any future rate hikes for 2016. Anyone who didn't expect this is living under a rock or simply shilling for the man.
The economy is still on shaky ground. Everyone knows we're overdue for a recession, and the Fed has now resorted to buying corporate bonds in an attempt to boost asset prices and keep equity prices high. It's another bubble that will eventually burst.
Even legendary trader Paul Tudor Jones has had to cut staff as his assets have been reduced by half due to poor performance and redemption requests. This is a guy who averaged close to 30% between 1987 and 2007. Since the crash, nearly a decade ago, government and central bank intervention have made investing using traditional fundamental indicators almost impossible.
We also dive into the new tax plan being put forward by Republicans. I know the subject of tax structures might be mind-numbing for some of you, and a lesser host might shy away from the topic altogether, but we're going to make it fun and exciting. By the end of today's show, you'll know how companies shield their assets from taxation and play the tax avoidance game on an international scale.
Lots of goodies today. Enjoy the show. Don't forget to share!