A new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees.
The US has not yet instituted any kind of reform policy. What we see is the government and the Federal Reserve pouring money into the economy. If one looks beyond that money, one sees that the economy is in fact still shrinking.
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Even as signs of deflation linger, some investors are moving to protect themselves against any surge in inflation.
If Israel did attack i think it could cause a significant deterioration in global trade depending on how the US reacted.
Some of the reasons behind the latest bearish wave are: the massive middle-distillate overhang, negative y-o-y demand figures for gas oil and gasoline, a widening crude contango, bearish economic headlines, renewed turbulence in financial markets and a strengthening dollar.