hello millionaires and billionaires (I almost feel ashamed for the billionaires to include millionaires in same sentence)
evasion .. avoidance .. one can (or should) carry more significant consequence than the other n’est pas? watson
–
* The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, according to the head of the Internal Revenue Service.
* The IRS, with billion of dollars in new funding from Congress, has launched a sweeping crackdown on wealthy taxpayers, partnerships and large companies.
* “We have to make investments to make sure that whether you’re a complicated filer who can afford to hire an army of lawyers and accountants, or a more simple filer who has one income and takes the standard deduction, the IRS is equally able to determine what’s owed to us. That’s a fairer system,” IRS Commissioner Danny Werfel told CNBC.
Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief
2y and 5yr announcements at 11am EST may have a bit of an effect on price activity due to the 2yr/5yr spread carrying weight for institutions in portfolio management. My bet is a solid announcement and added stability to treasuries and Usd. Difficult to gauge reactions on those things ahead of time, especially considering most institutions have already priced in various scenarios to some extent
this peasant would like ideas on how trade this:
Reuters Explainer
–
Why huge European Central Bank losses matter
FRANKFURT (Reuters) – The European Central Bank chalked up another large financial loss in 2023, burning through the last of its provisions, and said more losses are forthcoming as high rates push up interest payments to banks.
While the bank said it can operate effectively “regardless of any losses”, the accounts have broader implications – from reputation and independence to state finances. …/.
somehow, knowing my european princes, reputation and independence are not a part of their calculus.
and when it comes to state finances, again by my own understanding, for them it is “my way or a beating” dictates
TIA for ideas
EURUSD Daily Chart
Flash PMI whipsaw day: Up on stringer French flash PMI, down on weaker German PMI
The solid break of 1.0805 saw a move up that came within 9 pips of the target at 1.0897
If 1.08=1.09 has replaced the 1.07-1.08 range then 1.0850 is the obvious bias setter.
Technicals are still positive, expect support if 1.0840 holds
If not then it is back to 1.0800-20
© 2024 Global View