Interview of the Week
Another market rally this week has a lot of analysts scratching their heads. Mike talks to market analyst and economist Lance Roberts to try and figure out what’s coming next.
…Michael”s weekend editorial: Public vs Private Sector Compensation: It Is Just Not Fair
The idea that the rich needs to be taxed to cover all of government expenditures. Surprise, If the government taxed every cent of the top 1% they wouldn’t even come close to covering all the other promises government has made in this year, much less the deficits from years gone by.
….related from Michael: They’re Still Blowing Your Money – Does Anyone Care
Governments love to spend money so its no wonder Rachel Notedly is defending the pipeline given back of the envelope math determines that its worth more than 47 Billion in taxes for Government coffers. Other numbers are dramatic.
….aslo Michael’s Mid-Week Update: Italy Votes No – Markets Soar….For Now
Despite the uncertainty of another anti-EU vote in Italy, the 3rd largest European economy and 4th largest debtor nation in the world the markets shook it off and rose sharply. What happens next if a total collapse of the EU is said could evolve into “the most violent economic shock in history”
…more from Michael: The lesson of Cuba – Which System is better – it’s not even close
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Public vs Private Sector Compensation: It Is Just Not Fair
Posted by Michael Campbell
on Saturday, 10 December 2016 21:28
The gap between public sector vs private sector compensation is huge. Its not so much the higher wages, its the pensions. Unfunded pensions now, that ultimately the poor private sector worker will ultimately be asked to pay off with higher taxes.
…more from Michael: The 1% The Well is Dry