The Wealth Code 2.0 Blog

The Crash Of 1929: “Can It Happen Again?”

Fri, 04/27/2018 – 21:35 Submitted by GnS Economics In the 4th of February, we published a blog entry detailing the similarities of the current stock market environment with that before the stock market crash in 1987. On February 5th, the Dow Jones Industrial Average (DJIA) experienced the worst daily point decline of its history. Since then, the stock market […]

Residents Of This State Pay The Highest Taxes In The US

by Tyler Durden Sat, 03/17/2018 – 21:33 Last week we reported  that residents of New Jersey were about to enter the 9th circle of financial hell as the state, fast approaching a fiscal, economic and budgetary catastrophe, was preparing to raise taxes on “almost everything.” But if New Jerseyans are approaching a tax inferno, residents of Illinois are already […]

Peak Hubris

Authored by Michael Lebowitz via, In the past month, two well-known and highly respected money managers have made confident assertions about the markets. Their comments would lead one to believe that the future path of the market in the coming months is known. Sadly, many investors put blind faith in the words of high-profile, […]

Only 1 stock-market sector has experienced real earnings gains in the past 12 months

By David Trainer and Sam McBride Published: Jan 28, 2018 1:12 p.m. ET Only the tech sector saw economic earnings rise Getty ImagesReal or an illusion? We’ve written before about how the “earnings recovery” in U.S. equity markets is an illusion. Accounting earnings may have rebounded from 2015 lows, but economic earnings—which reverse accounting distortionsand account for the weighted average cost of capital […]

How the new tax law changes Roth IRA conversions

By Ed Slott Published January 23 2018, 4:25pm EST The new tax law signed in December may affect the way you and your clients evaluate the pros and cons of Roth conversions. Among the biggest changes: Beginning in 2018, Roth conversions cannot be undone. Lawmakers repealed Roth recharacterizations, which previously enabled Roth conversions to be reversed. Quote “Overall, […]

Opinion: The driver behind the rocketing U.S. stock market probably isn’t what you think it is

By Robert J. Shilller Published: Jan 23, 2018 10:19 a.m. ET Robert Shiller looks at CAPE and says don’t credit the ‘Trump effect’ or the tax cuts Getty Images NEW HAVEN, CONN. (Project Syndicate) — The level of stock markets differs widely across countries. And right now, the United States is leading the world. What everyone wants […]

t’s Official: Bitcoin Surpasses “Tulip Mania”, Is Now The Biggest Bubble In World History

by Tyler Durden Dec 12, 2017 9:16 AM One month ago, a chart from Convoy Investments went viral for showing that among all of the world’s most famous asset bubbles, bitcoin was only lagging the infamous 17th century “Tulip Mania.” One month later, the price of bitcoin has exploded even higher, and so it is time […]

Trump Tax Plan To Benefit “Top 1%” Most, Cost $2.4 Trillion, Middle Class To Pay More Taxes

by Tyler Durden Sep 29, 2017 2:28 PM Based on what we already know about the proposed Trump tax reform, which can be summarized as follows: collapse the seven individual income tax rates to three (12, 25, and 35 percent), increase the standard deduction, eliminate personal exemptions, increase the child tax credit, eliminate most itemized […]

38 Incredible Facts About The Modern U.S. Dollar

By Tyler Durden Created 07/09/2017 – 23:40 We have it starting in 1913, when the Federal Reserve Act was passed by Woodrow Wilson. Not only did it establish a new central bank, but it also gave the Fed the authority to issue the Federal Reserve Note, which is (for now) the dominant form of U.S. currency both domestically and […]

Spot The Odd One Out

by Tyler Durden Jun 27, 2017 3:40 PM Presented with little comment… Top-Down… Bottom-Up… A rare one-time event has created the final big buying opportunity at such a low price.   Bonds ain’t buying it…   Commodities have given up hope…   But then there’s this…   And unless The Fed, ECB, and/or BoJ step […]