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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
http://kylebassblog.blogspot.co.uk/
http://youtu.be/s_VI9myqDuI
Ashraf
Markets undergo several phases of transition according to the shifts of Fed policy, but one thing is clear is that neother the flow of asset purchases nor the decline in the unemployment rate will ever go in a straight line.
The first batch of Ashraf's detailed 2013 preview & latest Premium Insights will be released tonight after the US closing bell. To register to the Premium Insights, pleaee click here:
http://ashraflaidi.com/account/logon?ReturnUrl=%2fpremium
http://www.youtube.com/watch?v=DGhCtQErFA4&feature=youtu.be
Ashraf
Had some tech issues as I was doing it from an unusual location.
Ashraf
Unfortunately Obama dug an enormous hole for himself with his medicare-for-all program but who can knock that in a civilised society. The Reps are right that tax increases will simply make matters worse in the long run. The alternative, massive spending cuts, is simply not going to happen, its not in the genetic makeup of the american people, nor is it pallatable for government to radically reduce its own size.
I don't know why more consideration has not been given to introducing a VAT which could be a part of a nasty but necessary compromise of taxes and cuts. A VAT would apply across the board and catch the "rich" along with everyone else. Zero rated for food and children's clothes but applying to fuel which currently carries a very low level of tax in the US.
My prediction is nothing effective will be passed by congress, just more can kicking. The deficit and debt problem will need an even bigger financial crisis than 07 to trigger enforced balancing, an ugly scenario indeed !
Happy New Year to All.
Jan 1st is already here, but the December release of the US Non-Farm Payrolls is just around the corner on Friday.
Open the year with my JOINT WEBINAR "Currency, Debt & Equity Markets Timing Webinar with Fari Hamzei and George Cavaligos on - THURSDAY, JAN 3, 2013 - 16:00 Chicago, 17:00 NY, 22:00 London. LINK TO REGSITER:https://www1.gotomeeting.com/register/498780401 MORE BELOW on the FISCAL CLIFF DEAL.
The FISCAL CLIFF deadline is averted using the minimum AGREEMENT ON TAX CUTS, but not yet resolving the problem of SPENDING CUTS, which may take 2-3 months. The SENATE has agreed to extend Bush-era tax for family incomes below $450,000, a threshold well above Obama's preferred $250,000, yet it will be the FIRST TAX HIKE AGRRED upon by Republicans in nearly 20 years. THE KEY REMAINING ISSUE include the composition of the $110 billion in 2013 SPENDING CUTS scheduled to start begin in Jan.
THE DEBT CEILING IS other key issue. A plan to link $1 trillion in entitlement savings (slashing Medicare, Medicaid, Social Security & using Chained CPI to lower Federal programs) to increasing the debt ceiling by the same amount of $1 trillion. Debt ceiling may be needed to be increase by legislation by March 15OTHER ISSUEs Others include estate taxes, alternative minimum tax, the Medicare reimbursement rates and unemployment benefits.
Ashraf
http://www.cityindex.co.uk/market-analysis/market-news/3334262012/nov-nfp-sandy-hits-a-cliff/
Ashraf