Dan Mitchell wrote an interesting op-ed in NY Post (link) concerning the prospects of adopting a European-style value-added tax (VAT) in the United States.
Imposing a VAT would be detrimental to economic growth and productivity performance. If the U.S imposed the VAT, its spending levels would quickly approach the European spending levels. Indeed, the . . . → Read More: Value-Added Tax for America?
Last year’s stimulus package included a program for states and municipalities entitled “Build America Bonds.”
The U.S. Treasury announced that so far it is on target to save those local governments $12.3 billion in borrowing costs with federally subsidized taxable bonds already sold during the first year of the program.
Since the stimulus passed . . . → Read More: Treasury Assists with $90B in Bonds: Saves States $12B
The exciting news from the CFTC gold and silver hearings seem to have coinincided with the predictable gold move. The past six months have had tremendous events and it appears black swans are flying in flocks. Now the gold price appears poised to reach my earlier predictions but this may not be easily played . . . → Read More: Predictable Gold Upleg Starts A Little Late
At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:30 AM EDT, the International Trade report for February will be released. The consensus is a deficit of $39 billion, which would be a increase . . . → Read More: Economic Events on April 13, 2010