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    INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sun Oct 01, 2017 10:10 am


    What Housing Bubble? Most Australians Couldn't Afford $100 Mortgage-Payment Hike
    http://www.zerohedge.com/news/2017-10-01/what-housing-bubble-most-australians-couldnt-afford-100-mortgage-payment-hike

    A new study shows 57% of Australia mortgage holders could not handle a $100 increase in their loan repayment.

    Stress has turned up in even the wealthiest cities.

    But who is truly wealthy? Paper profits on homes with enormous mortgages does not constitute wealth.

    Please consider $100 Tipping Point for 57% of Mortgage Holders.

    A staggering 57% of mortgage holders could not handle a $100 increase in their loan repayments, according to new research by Finder.com.au.


    This additional $100 is equivalent to an interest rate rise of just 0.45% based on the national average mortgage of $360,600. This means the average standard variable rate of 4.83% would only have to rise to 5.28% to put more than half of mortgage holders in stress.

    “The typical mortgage holder will begin to struggle once interest rates reach around 5.28% – that’s a pretty small window before borrowing costs start to hurt,” she said.

    With the research also showing that 39% of all mortgages are interest-only, this highlights why the Reserve Bank of Australia (RBA) and the Australian Prudential Regulation Authority (APRA) have shown some concern, she added.

    Comparing genders, 63% of women and 50% of men would struggle to repay their mortgages with an increase of less than $100 per month.

    Across the states, South Australian borrowers were the worst placed with 70% saying they could not handle an increase of less than $100 per month. This figure was lower in New South Wales, Tasmania and Western Australia at 59% and further dropped to 51% in Victoria.
    Stress in Wealthiest Areas

    Also consider Severe mortgage stress is cropping up in some of Australia’s richest suburbs.

    Severe mortgage stress is cropping up in some of Australia’s richest suburbs, revealing that wealthy Australians have been guzzling at the debt fountain. Thousands of households in suburbs like Mosman, Brighton and Nedlands are in mortgage stress, with some at risk of mortgage default in the next 12 months, according to new data from Digital Financial Analytics.

    Wealth is impossible to see if the person doesn’t want to flaunt it, and easy enough to fake. You can mortgage yourself to buy a grand home and the car to match, and have the trappings of wealth while actually being so far in debt you’re in financial hell.

    Looking rich and being rich are not the same thing at all, but when times are good, it’s difficult to tell the difference. As the saying goes, ‘When the tide goes out, you see who’s not wearing any swimmers’.
    Financial Hell Coming

    When top finally blows off the Australian housing bubble, the results will be devastating.





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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sun Oct 01, 2017 10:28 am


    Welcome To The Hunger Games: Trump's Tax Plan To Unleash Battle Royal Among D.C. Lobbyists
    http://www.zerohedge.com/news/2017-09-30/welcome-hunger-games-trumps-tax-plan-unleash-battle-royal-among-dc-lobbyists

    Are you ready for mass chaos in Washington? "Only one-sixth of lobbyists were involved with health care (give or take — assuming it is one-sixth of economy). Six-sixths of lobbyists are involved in taxes."

    There are lobbyists for just about every cause that you can possibly imagine, and they are always working hard to influence members of Congress on their particular issues. But when you are talking about a major tax reform bill, that is something that virtually every single lobbyist in the entire city will want to be involved in. Our tax code is over two million words long, and the regulations are over seven million words long, and any changes to our immensely complex system could have absolutely enormous implications. There will be winners and there will be losers with any piece of legislation, and lobbyists will zealously fight to defend the turf belonging to their particular clients. Often lobbyists from different sides will literally be pitted directly against one another, and it won’t be pretty.

    In fact, one analyst that works for Cowen Washington Research Group says that we could soon be watching “the corporate hunger games”…

    Almost every industry, special interest, and consumer group has an interest in the tax code, especially if the package ends up being as ambitious as Trump and Republican leaders want it to be. Chris Krueger, an analyst at Cowen Washington Research Group, told Business Insider that the battle over which loopholes to keep and which to throw out could get nasty.

    “Welcome tribunes to the corporate hunger games!” Kruger said in an email.

    “Only one-sixth of lobbyists were involved with health care (give or take — assuming it is one-sixth of economy). Six-sixths of lobbyists are involved in taxes.”

    There is so much at stake, and if the Republicans are able to get something passed it probably won’t look much like the plan that Trump originally proposed. But it is so important to do something, because today Americans spend more on taxes than they will on food, clothing, and housing combined. That is morally wrong, and we desperately need tax relief.

    Trump’s tax plan would nearly double the standard deduction, and that would be a wonderful thing. It would provide instant tax relief to working class Americans, and that is something that I would greatly applaud.

    Trump’s tax plan would also great reduce the tax rate for corporations. Our big corporations certainly don’t need the help, but we do want to get our rate more in line with the rest of the planet. Because our corporate tax rate is one of the highest in the world, it actually encourages companies to set up shop some place else. Being more competitive with the rest of the world would likely mean more jobs for the American people.

    Trump’s tax plan would also reduce the number of tax brackets for individuals. Instead of seven, now there would just be three tax brackets of 12 percent, 25 percent and 35 percent. To me, those rates are way too high, but of course I would like to eliminate the individual income tax entirely.

    Many are criticizing Trump’s plan for proposing to raise at least a trillion dollars over the next decade by getting rid of the deduction for state and local income taxes. For those that live in very high tax states such as California, that deduction is a really big deal…

    High-income Californians, for instance, pay as much as 13.3 per cent of their income to the state in addition to their federal taxes. New Yorkers can pay up to 8.82 per cent.

    Just seven U.S. states have no personal income taxes, including Texas, Florida and Nevada.
    Hopefully the Republicans can pass some sort of tax reform in the short-term, because the status quo is definitely not acceptable.

    When the income tax was first introduced in 1913, the vast majority of taxpayers were being taxed at a rate of just one percent. The following comes from Politifact…

    The 1913 law imposed a tax of 1 percent on income up to $20,000, for both individual and joint filers. However, exemptions from the tax — the first $3,000 of income for individuals and the first $4,000 for joint filers — meant “virtually all middle-class Americans” were excused from paying, according to W. Elliot Brownlee’s book, Federal Taxation in America.

    The law also put in place a graduated surtax on incomes above $20,000; the highest rate paid, 7 percent, applied to Americans making more than $500,000 (about $11.4 million in 2011 dollars).

    Today, Americans are being taxed into oblivion. It has been reported that we spend more than 6 billion hours a year on our taxes, and I once wrote an article detailing 97 different ways that various levels of government extract revenue from all of us.

    Every year government just gets bigger and bigger on the federal, state and local levels. And the bigger government gets, the more oppressive it tends to become.

    Personally, I would love to start starving the beast that the left has created, and a great way to do that would be to completely eliminate the federal income tax.

    A lot of people could not even imagine a world without a federal income tax. But the truth is that our country once thrived under such a system. In fact, the greatest period of economic growth in U.S. history was between 1872 and 1913 when there was no income tax at all.

    And we could do it again.
    Today, the individual income tax only accounts for about 46 percent of all federal revenue, and if we reduced the federal government to a size that our founders would have wanted, we would be more than okay.

    But even if we can’t greatly reduce the size of the federal government in the short-term, we can at least go to a very basic flat tax or a fair tax, and both of those systems would be far superior to what we have today.

    If we can’t get a flat tax or a fair tax right now, we should at least try to dramatically reduce tax rates and simplify the tax code as much as humanly possible.

    But if we do get a short-term victory, the battle is definitely not over. In the long-term, we need to be very clear that our goal should be to abolish the income tax, the IRS and the Federal Reserve entirely. Anything short of that is not good enough.

    * * *






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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Oct 13, 2017 3:42 pm


    https://www.youtube.com/watch?time_continue=1&v=a3qbrBvfzLw
    Greg Hunter - Weekly News Wrap-Up 10.13.17
    Greg Hunter of USAWatchdog.com talks about the week's top stories in the Weekly News Wrap-Up.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Oct 13, 2017 3:45 pm

    Lagarde describes Global Currency Reset ala JC Collins..
    'We are about to see massive disruptions':
    IMF's Lagarde says it's time to get serious about digital currency

    https://www.cnbc.com/2017/10/13/bitcoin-get-serious-about-digital-currency-imf-christine-lagarde-says.html

    Lagarde didn't rule out that the IMF could at some point develop its own cryptocurrency. She pointed to the IMF's Special Drawing Right (SDR), a currency the IMF created to serve as an international reserve asset, that could incorporate technology similar to cryptocurrencies. "What we will be looking into is how this currency, the special drawing right, can actually use the technology to be more efficient and less costly," she said.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Oct 13, 2017 4:07 pm


    https://www.youtube.com/watch?v=6pty__5sKS8
    X22 Report! The Economic Downturn Is Accelerating And In Historic Step,
    Banking Giant Cuts Ties With You Won’t Believe! Cabal Panics (Videos)

    10-12-17

    Trump signed the unwinding of Obamacare executive order. The Russian ads on Facebook and Google were purchased by Americans. NK says nuclear program is for peace and security so the US does force regime change. NK recognizes Crimea. The War Powers act will be delayed to Nov 2. This will force the President to end the war in Yemen. Kaspersky says prove that they colluded with Russia.



    https://www.youtube.com/watch?v=dTnkkjjOcjM
    The Cabal Is Scrambling, They Are Losing Control - Episode 1399b

    China Makes “Compelling” Attempt to Smash the #Petrodolla
    Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. Weinberg also noted that China has become a key player in the oil market since overtaking the US to become the world’s largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,” Weinberg told the media…

    Sources X22Report



    https://www.youtube.com/watch?time_continue=1&v=SvgS33v21Ho
    In Historic Step, Banking Giant Cuts Ties With Tar Sands

    Greenpeace's Keith Stewart discusses the huge step by BNP Paribas to move away from tar sands and divest from 'the dirtiest project on the planet'


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Nov 02, 2017 11:20 am


    Cryptocurrencies are clamoring for deals with Visa because it would mean they could be converted into fiat money and accepted at the 44 million merchant locations in the payments network. 

    Visa has also approved programs for BitPay and Shift Card that allow consumers to convert cryptocurrencies into legal tender and deposit those funds into a bank account that is linked to a Visa debit or prepaid card, Cademenos said.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Nov 02, 2017 11:22 am

    Deutsche Asks A Stunning Question: "Is This The Beginning Of The End Of Fiat Money?" http://www.zerohedge.com/news/2017-11-01/deutsche-bank-asks-shocking-question-beginning-end-fiat-money


    One month ago, Deutsche Bank's unorthodox credit analyst, Jim Reid published a phenomenal report, one which just a few years ago would have been anathema in the hushed corridors of high finance as it dealt with two formerly taboo topics: is a financial crisis coming (yes), and what are the catalysts that have led the world to its current pre-catastrophic state, to which Reid had three answers: central banks, financial bubbles and record amounts of debt.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Nov 02, 2017 11:28 am

    http://www.zerohedge.com/news/2017-11-02/gop-tax-plan-talking-point-highlights-released

    GOP Tax Plan "Talking Point" Highlights Released

    Moments ago, the GOP released the "talking point" highlights of the republican tax plan which, as previewed earlier this morning, will keep the 20% corporate tax cut as permanent, and which allegedly will assure that a family of 4 making $59,000 will get a $1,182 tax cut.

    As discussed previously, the bill keeps a top rate of 39.6% for the highest-earners and doubles the standard deduction for middle class families. It expands the child tax credit to $1,600 from $1,000 and will not make any changes to the 401(k) plans. The bill also “makes no changes to the popular retirement savings options that Americans have today — including 401(k)’s and Individual Retirement Accounts, or I.R.A.s. Americans will be able to continuing making both traditional, pretax contributions and ‘Roth’ contributions in the way that works best for them.”

    So far so good; where there will be problems however, is that the bill also includes the repeal of an itemized deduction for medical expenses, a key provision for households with extraordinary health-care costs. It also repeals the tax credit for adoption and the deduction of student-loan interest. The bill also limits the home mortgage interest deduction: for new home purchases interest would be deductible only on loans up to $500,000, down from $1 million, although existing loans would be grandfathered.

    A key issue will be the treatment of the state and local tax deduction, which lawmakers are proposing to cap at $10,000. That will not be enough for Republicans in some high-tax states, where middle-class families make heavy use of the deduction. As the NYT notes, "the compromise, as it had been sketched out this week, would preserve the deduction for property taxes, but not for state and local income taxes, and it appeared as if there would be a cap on the deduction. But at first glance, it did not appear as if that was enough to win over all of the New York and New Jersey members."

    Here are the most notable changes:

    Lowers individual tax rates for low- and middle-income Americans to Zero, 12%, 25%, and 35%; keeps tax rate for those making over $1 million at 39.6%
    Increases the standard deduction from $6,350 to $12,000 for individuals and $12,700 to $24,000 for married couples.
    Establishing a new Family Credit, which includes expanding the Child Tax Credit from $1,000 to $1,600
    Preserving the Child and Dependent Care Tax Credit
    Preserves the Earned Income Tax Credit
    Preserves the home mortgage interest deduction for existing mortgages and maintains the home mortgage interest deduction for newly purchased homes up to $500,000, half the current $1,000,000
    Continues to allow people to write off the cost of state and local property taxes up to $10,000
    Retains popular retirement savings options such as 401(k)s and Individual Retirement Accounts
    Repeals the Alternative Minimum Tax
    Lowers the corporate tax rate to 20% – down from 35%
    Reduces the tax rate on business income to no more than 25%
    Establishes strong safeguards to distinguish between individual wage income and “pass-through” business income
    Allows businesses to immediately write off the full cost of new equipment
    Retains the low-income housing tax credit
    A visual summary of the new tax brackets:




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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Nov 02, 2017 11:35 am

    The Skin In The Game Heuristic for Protection Against Tail Events
    Nassim N. Taleb and Constantine Sandis
    October 2013
    Abstract

    Standard economic theory makes an allowance for the agency problem, but not the compounding of moral hazard in the presence of informational opacity, particularly in what concerns high-impact events in fat tailed domains (under slow convergence for the law of large numbers). Nor did it look at exposure as a filter that removes nefarious risk takers from the system so they stop harming others. (In the language of probability, skin in the game creates an absorbing state for the agent, not just the principal). But the ancients did; so did many aspects of moral philosophy. We propose a global and morally mandatory heuristic that anyone involved in an action which can possibly generate harm for others, even probabilistically, should be required to be exposed to some damage, regardless of context. While perhaps not sufficient, the heuristic is certainly necessary hence mandatory. It is supposed to counter voluntary and involuntary risk hiding − and risk transfer − in the tails. We link the rule to various philosophical approaches to ethics and moral luck.

    https://arxiv.org/pdf/1308.0958.pdf


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Nov 02, 2017 11:52 am


    https://www.youtube.com/watch?v=2hi1vdvh12A&feature=youtu.be
    Trump Declares One World Currency / Global Reset Sooner than most think.

    This is from February 2017

    Currency valuation "has to be fair and we will make it fair."

    After initial drop in yen, currency rebounds against dollar

    Trump Says U.S. Committed to Alliance With Japan

    President Donald Trump vowed Friday that the currencies of the U.S., China and Japan would soon be on "a level playing field," a day after a phone call with China’s president, Xi Jinping.

    The two leaders, Trump said in a news conference with Japanese Prime Minister Shinzo Abe, "discussed a lot of subjects. It was a long talk.

    "As far as the currency devaluations, I have been complaining about that for a very long time," he said.

    Trump promised as a presidential candidate that he would have the Treasury Department declare China a currency manipulator on his first day in office. Three weeks into his presidency, that has yet to happen. Last week, he accused Japan of manipulating the yen, a charge Abe and other Japanese government officials have denied.

    Trump did not explain how the three countries would reach a level playing field, or what he meant by the phrase.

    “That’s the only way it’s fair,” Trump said. “That’s the only way you can fairly compete in trade and other things. We will be on that field and we will all be working very hard to do great for our country but it has to be fair and we will make it fair.”

    Currency traders initially responded to the comments by selling dollars and buying yen, though the market then reversed direction. The dollar dropped rapidly to below 113 yen on the mention of devaluation, but quickly rebounded, a trader in New York said.

    “Certainly the presser is important, but there wasn’t anything really to move the markets,” said Minh Trang, a senior foreign-exchange trader at Silicon Valley Bank in Santa Clara, California. Despite the initial gyration, the impact was "nothing meaningful," he said.

    — With assistance by Dennis Pettit, and Lananh Nguyen

    https://www.bloomberg.com/news/articles/2017-02-10/trump-vows-level-playing-field-for-u-s-japan-china-currency


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Nov 02, 2017 2:04 pm

    GOP To Unveil Tax Plan (With Permanent Corporate Tax Cuts) At 11:15am: Here's What We Know
    http://www.zerohedge.com/news/2017-11-02/gop-unveil-tax-plan-permanent-corporate-tax-cuts-1115am-heres-what-we-know

    Ahead of today's unveiling of the GOP tax plan by the House of Representatives at 11:15 ET, a key issue is whether corporate tax cuts to 20% will be temporary, either phased in or out, or permanent. And according to a Bloomberg report this morning, Republican leaders have decided to cut the corporate tax rate to 20 percent and leave it there permanently, abandoning an earlier plan to phase out the rate cut over time.

    Still there remains some confusion, as Politico said the fate of corporate tax cuts remains unknown: when asked if the corporate tax cut would be permanent Wednesday evening, Brady said: "That’s our goal and I think it’s going to take several steps through the process to achieve that," he said, referring to "awfully funny" Senate procedural rules requiring any permanent tax changes to be paid for.

    What has also been reported is that the bill would impose a tax of as much as 12% on multinational companies’ accumulated offshore earnings, a rate that’s higher than either President Donald Trump or House Speaker Paul Ryan have proposed. It would phase out the estate tax over years, more slowly than either of them would prefer. Specifically, the estate tax is now expected to be repealed on January 1, 2024.

    Meanwhile, the bill is not expected to decrease the pretax contribution levels to popular 401(k) retirement plans, or to repeal the Obamacare individual mandate as Trump proposed yesterday. It would also cut individual tax rates for millions of Americans, but not for earners at the very top of the scale, those making over $1 million, who would pay the old 39.6% tax rate.

    The child tax credit would be increased to $1,600 from $1,000 per child under 17, with an additional $300 credit for each parent as part of a consolidated family tax credit, according to a person familiar with the committee’s deliberations. The credit had been a priority for Ivanka Trump, who had met with lawmakers in recent weeks to discuss it.


    Another open issue: limits on tax cuts for businesses organized as partnerships, limited liability companies and other pass-throughs. Currently, such companies pass their earnings through to their owners, who are taxed at their individual income rates, as high as 39.6%. The bill would reduce the top rate to 25%, but place limits on the kind of income that would qualify. According to Bloomberg, “professional services”, including doctors, lawyers, accountants and others, wouldn’t qualify for the rate.

    Other business owners could chose one of two options: 1. Categorize 70 percent of their income as wages -- and pay their individual tax rate on it -- and 30 percent as business income, taxable at the 25 percent rate. Or 2. Set the ratio of their wage income to business income based on the level of their capital investment.
    The guidelines are aimed at preventing abuse of the 25 percent rate - such as high-earning individuals forming themselves into corporations to get a tax cut.

    Trump and others have pitched the pass-through plan as a boon for small businesses -- but pass-throughs can be very large businesses in addition to mom-and-pop shops. Trump himself owns hundreds of limited liability companies, according to his federal financial disclosure. Setting limits on the pass-through rate is a touchy issue for a number of lawmakers.
    It also remained unclear how many lawmakers were swayed by Brady’s offer to preserve an individual deduction for state and local property taxes. “They’re working over concerned lawmakers one-by-one at this point,” Representative Tom MacArthur, a New Jersey Republican, said of GOP leaders. The deduction would be capped -- House leaders were considering a $10,000 cap on Wednesday, according to a Republican lawmaker and a person briefed on the discussions. Both asked not to be named because the talks were private. “We are close,” said Representative Tom Reed of New York Wednesday evening. “We are going to be able to solve that problem.”

    As Bloomberg notes, "the legislation won’t satisfy everyone, but it represents Trump’s last chance for a major legislative victory in his first year. To pass it by Christmas, as the president has called on Congress to do, lawmakers must prevail over a series of challenges with no real margin for error."

    As a reminder, the 2018 budget resolution approved by the House and Senate allows for tax legislation that would increase the federal deficit by $1.5 trillion over 10 years, before accounting for any growth that might result from the changes. Figuring out how to achieve the deep rate cuts that Trump, Ryan and others want while staying within that bright line has complicated the bill drafters’ task. Earlier this week, House officials postponed the legislation’s planned release by one day.

    * * *

    In any case, passage is not assured: Earlier Wednesday, Meadows predicted a bumpy ride for the House bill, saying it would unleash dissent “like you’ve never seen.” Still, that doesn’t mean the effort will fail, he said. “It may be a little messy, it may not be as fun as we would all have liked to have seen it be over the past few weeks,” Meadows told reporters. “But we’re going to get it done, and failure is not an option.” The first test comes Monday, as the House Ways and Means Committee is scheduled to take up the bill.




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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Nov 02, 2017 3:12 pm

    EXPOSED: The real creator of Bitcoin is likely the NSA as One World Currency i http://www.zerohedge.com/news/2017-06-12/exposed-real-creator-bitcoin-likely-nsa-one-world-currency


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Nov 03, 2017 10:40 am

    New Senate Bill Forces Citizens to Register ALL Cash Not In a Bank,
    Violators Get 10 Years in Prison

    http://truthcommand.com/2017/09/new-senate-bill-forces-citizens-register-cash-not-bank-violators-get-10-years-prison/


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Tue Nov 07, 2017 6:32 pm


    Job openings are at an all time high while hiring hits a 6 month low. Retail store closing are continuing and people are losing jobs. The yield curve is continually collapsing and this has happened before as we entered a recession. Student credit card debt, auto loan debt has skyrocketed. The people of the US are in so much debt that when this collapse hits, its going to be a disaster.De-Dollarization is accelerating, Russia makes deal with Iran to use the petro-ruble for oil trade.



    https://www.youtube.com/watch?v=DdjBsqXiIGY
    First The Petro-Yuan Now The Petro-Ruble, De-Dollarization In Full Force



    https://www.youtube.com/watch?v=mjqk-LLPvAE
    The Cabal Is Ready To Take Action, Something Big Might Happen Soon

    Obamacare is dead, more insurers back out. CNN pushing fake news while Trump is Japan. Trump does a 180 and asks NK to make a deal. It looks like the peace talks are going to work, unless the cabal does something to change this. Saudi takes control of news media, closes 1200 bank accounts. Israel along with other countries begin a massive drill. US and Russia and other nations are communicating in Syria. Assad says war will not be over after the IS is defeated, they will then after the SDF. The police did not stop the shooter in Texas, armed civilians did.



    https://www.youtube.com/watch?v=u_lnMZD4vjw
    U.S. Retail Store Closings Hit A New Record High As West Coast Homelessness Soars
    Sources X22Report

    If the U.S. economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year? Whenever I write about our “retail apocalypse”, many try to counter my arguments by pointing out the growing dominance of Amazon. And I certainly can’t deny that online shopping is on the rise, but it still accounts for less than 10 percent of total U.S. retail sales. No, something bigger is happening in our economy, and it isn’t receiving nearly enough attention from the mainstream media.



    Source Jim Yackel


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol

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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

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      Current date/time is Tue Jan 23, 2018 12:08 pm