Posted by Zachary Stones | Posted on 20-01-2012
Tim Iacono comments on a Brian Williams news segment detailing the rising prices of farmland across Americas heartland, particularly in Iowa, where Republican presidential candidates so recently debated. Prices in the area have risen more than 30% in Iowa and 25% on average throughout the Midwest. One land auction featured in the report resulted in a sale for more than $13,000 per acre more than double the value from five years ago. Experts say the increases are driven by the rarity with which farmland comes on the market and the growing demand for agricultural products, particularly corn for the surging (and subsidized) ethanol market.
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Posted by Zachary Stones | Posted on 07-01-2012
The IRS has so far conducted two voluntary disclosure programs in order to recoup tax money from offshore financial accounts that has been unpaid. As a result, the agency collected about nearly $3 billion in taxes, interest and penalties from 30,000 taxpayers that participated in the disclosure programs as of September 2010. If you have an offshore bank account in which you hide taxable income, beware because the law is fast catching up with you.
In the past, many people hide their income in Swiss bank accounts because of the Swiss banking laws that allow secrecy.
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Posted by Zachary Stones | Posted on 03-01-2012
Economist Paul Krugman takes an unflinching look at Chinas current economic position, and believes what he sees is a mirror image of Japan in the 80s or the U.S. in 2007: a country that has relied on shady banking practices to sustain a boom in growth that now cannot be supported by domestic consumption or financing. Now, as the bubble is set to burst, the country seems ready to dig in its heels, particularly by issuing punitive tariffs on foreign trade partners. Krugman rightly notes that the last thing the global economy needs is another crisis point, but he also believes that is the direction in which the country is headed.
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Posted by Zachary Stones | Posted on 14-12-2011
We’ve had a lot of One and Done trading days lately! Simply put, a One and Done day is when our first trade wins. We then have the option of stopping for the day with a quick, handsome profit! Some do just that, while some students trade for more!
Today we had 2 winning EET emini trades, a winning Pullback, and a winning NSE out of No Zone. Now you could not have taken ALL of those trades, and we also had a losing Super-EET, but that was questionably valid. The 2nd EET and first Pullback trade was an either-or. You can’t do them both. However, they both won!
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Posted by Zachary Stones | Posted on 08-12-2011
IRS Commissioner Doug Shulman proposed that Forms 1099, W-2 and other documents be collected ahead of the full filing of income tax returns by taxpayers. This will give the IRS time to reject returns that didn’t match records before processing, reducing burdens on the agency and on filers.
The computer operations in the IRS have improved enough to allow the agency to make fundamental changes in how taxes are filed. T
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Posted by Zachary Stones | Posted on 04-12-2011
Presidential candidate Rep. Ron Paul (R-TX) spoke with Judge Andrew Napolitano, host of FOX Business News Freedom Watch, about his belief in the gold standard and the current state of U.S. monetary policy. Paul discusses the transition from fiat currency back to the gold standard by legalizing gold and silver tender without having a fixed exchange rate between the two currencies. Judge Napolitano questions whether there is a possibility of a true gold standard that allows exchange between the two, and Paul responds that while that scenario is a long way off, the current system cannot sustain itself and that an audit of the Federal Reserve is a good place to begin reform. Read more…
Posted by Zachary Stones | Posted on 23-11-2011
Of course it doesn’t happen every day. Today we had a quick 45 second day! A nice short EET right after the opening bell for a nice profit. We had 2 more winning EET trades just after the first one! Honestly, I could have made a few points this morning, but was quite happy with the point profit. Nothing wrong with taking 1 point per day out of the market. Sure some days are better, much better. Today was no different. That’s the good thing about trading for a living, and at that. You set it the way you want it. Today is a great case-in-point. My daughter is home sick from school today. So
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