Trillions in DEBT and Deficits! First MAJOR Tax Hike Since 1993 Coming!


trillions-in-debt-and-deficits!-first-major-tax-hike-since-1993-coming!

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Did you think that the government would just give people money and that was the end of it? Of course not. Taxes will be increased in order to pay for it. But don’t worry because the big corporations will pay higher taxes to protect the little guy. Like how countless big corporations pay little to no taxes but that doesn’t really matter because as long as the government tells you they’re in control, perception is all that matters.

$GPS

Morgan Stanley’s Mike Wilson says take profits in small-cap stocks

As small caps hits another record, Morgan Stanley’s Mike Wilson says it’s time to cash in

Morgan Stanley’s Mike Wilson told CNBC on Monday he believes investors should take profits in the Russell 2000 following the small-cap index’s big run higher. The Russell 2000 is already up 19.5% so far in 2021, but its rally goes well into last year. It’s up about 53% since its Sept.

Foreign holdings of Treasuries rise in January as yield rise lures investors: U.S. data | Reuters

Foreign holdings of Treasuries rise in January as yield rise lures investors: U.S. data

Foreign buying of U.S. Treasuries grew the most in six months in January, data from the U.S. Treasury showed on Monday, thanks to a rise in yields that have been boosted by strong economic prospects which could also lift inflation.

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars)

HOLDINGS 1/ AT END OF PERIOD

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Industry Economic Account Data: GDP by Industry

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FX weekly: Time for J-Powws “taper tantrum” | e-Markets

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Degrees More Advanced Than Bachelor of Arts Don’t Always Mean More Jobs for Men – Bloomberg

https://www.bloomberg.com/news/articles/2021-03-15/degrees-more-advanced-than-bachelor-of-arts-don-t-always-mean-more-jobs-for-men

archive

Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan

https://finance.yahoo.com/news/biden-eyes-first-major-tax-060001525.html

Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan – Bloomberg

https://www.bloomberg.com/news/articles/2021-03-15/biden-eyes-first-major-tax-hike-since-1993-in-next-economic-plan

archive

Biden Tax Hike: Income Levels of More Than $400,000 a Year Will Be Hit Hardest – Bloomberg

https://www.bloomberg.com/news/articles/2021-03-15/biden-tax-hike-how-the-u-s-president-s-plan-could-affect-your-money

archive

Yellen proposing global minimum tax on multinationals | TheHill

Yellen proposing global minimum tax on multinationals

Treasury Secretary Janet Yellen Janet Louise Yellen Ohio AG sues Biden administration over pandemic bill Treasury defends relief plan provision preventing use of funds for tax cuts Yellen says poor nations need COVID-19 aid MORE is working with other countries on an agreement to update corporate tax rules to establish a global minimum tax as the Biden administration considers raising taxes on businesses in order to finance spending priorities.

IRS Failed to Collect $2.4 Billion in Taxes From Millionaires – Bloomberg

https://www.bloomberg.com/news/articles/2021-03-15/irs-failed-to-collect-2-4-billion-in-taxes-from-millionaires

archive

Goldman Sachs: U.S. economy to grow 8% in 2021 – Axios

Goldman Sachs predicts U.S. economy will grow 8% this year

Economists at Goldman Sachs raised their GDP growth expectations for the U.S. economy to 8% for 2021 in a note to clients on Sunday night. Why it matters: If Goldman’s forecast is correct, it would mark the largest economic expansion for the U.S. in generations.

Tencent Loses $62 Billion, Wiping Out Value of Fintech Business – Bloomberg

https://www.bloomberg.com/news/articles/2021-03-15/tencent-loses-62-billion-wiping-out-value-of-fintech-business

archive

BMW Plans for All New Cars to be Reusable as of 2025, BamS Says – Bloomberg

https://www.bloomberg.com/news/articles/2021-03-14/bmw-plans-for-all-new-cars-to-be-reusable-as-of-2025-bams-says

archive

Retail Bitcoin Traders Rival Wall Street Buyers as Mania Builds

https://finance.yahoo.com/news/retail-bitcoin-traders-rival-wall-135353699.html

Bitcoin ATMs are coming to a gas station near you | Reuters

Bitcoin ATMs are coming to a gas station near you

A new feature has appeared at smoke shops in Montana, gas stations in the Carolinas and delis in far-flung corners of New York City: a brightly-lit bitcoin ATM, where customers can buy or sell digital currency, and sometimes extract hard cash.


Debt has gone out of control. More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as we are on a permanently high plateau. Stimulus driving markets higher.


— APPENDICES —

— The Money GPS: Swaggystocks.com is an interesting look at retail trading. Cut through all the nonsense and simply look at the data (Instagram Feb 21, 2021)
— The Money GPS: Swaggystocks.com shows you exactly what’s going on with the retail traders. Ignore the garbage on the actual boards and just get the data (Instagram Feb 21, 2021)
— The Money GPS: Bitcoin $240,000? (Instagram Feb 17, 2021)
— The Money GPS: TOP 2 TRADES FOR 2021 (Instagram Feb 15, 2021)
— The Money GPS: Commodities for 2021 — Boom or bust? (Instagram Feb 14, 2021)
— The Money GPS: Leave your emotions at the door investing is strictly business (Instagram Feb 13, 2021)
— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)
— The Money GPS: Brandon Dawson. One guy to watch out for as an investor to see what he’s doing and compare. (Instagram Feb 12, 2021)
— The Money GPS: REAL Unemployment Rate 10% (Instagram Feb 11, 2021)
— The Money GPS: Zoom out and see what you’re doing objectively (Instagram Feb 7, 2021)
— The Money GPS: SPAC IPO trend getting out of hand (Instagram Feb 6, 2021)
— The Money GPS: Citadel made lots of money from the retail traders (Instagram Feb 5, 2021)
— The Money GPS: Oil, commodities rising. Price will impact consumers. (Instagram Feb 5, 2021)
— The Money GPS: GME and AMC attracted many buyers. Illiquid stocks/micro cap stocks are now trendy. Be careful. (Instagram Feb 4, 2021)
— The Money GPS: Silver rockets higher (Instagram Feb 2, 2021)
— The Money GPS: Silver squeeze next? (Instagram Jan 31, 2021)
— The Money GPS: ETF loses 80% of assets! (Instagram Jan 31, 2021)
— The Money GPS: The Fed will not pop the bubble (Instagram Jan 30, 2021)
— The Money GPS: Wall Street Bets on Reddit is adding millions of people. Retail traders needed to keep the prices going higher. (Instagram Jan 30, 2021)
— The Money GPS: Jim Cramer says don’t go for grand slam. What do you think? (Instagram Jan 29, 2021)
— The Money GPS: Robinhood caps hot stocks like #gme to 1 share! (Instagram Jan 29, 2021)archive
— The Money GPS: STOCK MARKET TUMBLES as GME soars (Instagram Jan 29, 2021)
— The Money GPS: Find a company you thought was no longer in business, buy some shares, get rich quick. Is that what’s seriously happening right now?! (Instagram Jan 29, 2021)
— The Money GPS: Hedge your bets like @mcuban ? (Instagram Jan 28, 2021)
— The Money GPS: Fed won’t pull the plug right? (Instagram Jan 25, 2021)
— The Money GPS: Delaying the inevitable pain. (Instagram Jan 25, 2021)
— The Money GPS: Money flooding into stocks (Instagram Jan 24, 2021)
— The Money GPS: 2 ears, 1 mouth — use in that ratio. (Instagram Jan 23, 2021)
— The Money GPS: Buy the biggest shorts? (Instagram Jan 23, 2021)
— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)
— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)
— The Money GPS: Moving south? (Instagram Jan 21, 2021)
— The Money GPS: Bitcoin going higher? (Instagram Jan 20, 2021)
— The Money GPS: Janet Yellen will you go “big”? (Instagram Jan 19, 2021)
— The Money GPS: Time to move? (Instagram Jan 19, 2021)
— The Money GPS: Never stop (Instagram Jan 18, 2021)
— The Money GPS: Invest in yourself first (Instagram Jan 18, 2021)
— The Money GPS: BITCOIN HITS $40,000 (Instagram Jan 7, 2021)
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Aim Higher (Instagram Dec 17, 2020)
— The Money GPS: Never lose money (Instagram Dec 16, 2020)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)

— FOOTNOTES —

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Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

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1 MILLION VENEZUELAN BOLIVAR NOTE. I’ve covered this issue for years quite closely and it didn’t take a fortune teller to realize what would happen. Once inflation gets out of control, it’s extremely difficult or impossible to stop. Good luck, Fed #venezuela #inflation pic.twitter.com/gmKqGiLLXg

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BillAckman joins the group believing that inflation will pick up and its impact will be felt in markets. As far as I’m concerned, people are going to hate me more than ever. That’s ok. Be prepared for the worst. Hope for the best. Diversify. Hedge your bets.

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“Fed Sounds Alarm on Commercial Real Estate, Business Bankruptcy” Nothing to see here folks. Market is doing well. Stimulus is all that matters. The Fed loves us all. Ignore all negative news and hate anyone who highlights that which is clearly a major issue #realestate #bubble pic.twitter.com/IRDsy53G5A

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IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta


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CLUBHOUSE. I’m thinking about doing a daily Clubhouse chat. Anyone would be able to come on and ask me questions directly. I want to do something that other creators are not doing.

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I know not many people are on this app yet since in invite only but basically just download the app, choose a username, and wait to get in. I’ll let you know before I proceed on my end so nobody misses it. 2/2 #clubhouse #clubhouseapp

— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)

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The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT


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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

#money #inflation #debt

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