Opinion: Give the Republican tax cuts time, and investment and wages will rise The Republican plan to slash the corporate tax rate permanently to 20% is a long-term reform that will improve growth prospects and increase wages across the economy. But it’s crucial that its advocates do not go wobbly in the face of stories about companies reacting to the lower tax rate in different ways.
Already, corporate-rate-cut skeptics have pounced on declarations from Pfizer, Coca-Cola and Cisco Systems, who say they intend to use after-tax gains from rate cuts to increase dividends to shareholders or buy back more of their own shares. Rather than creating jobs or increasing wages, critics say, this shows it will be wealthy shareholders who will overwhelmingly benefit from a lower statutory corporate rate.
These types of stories will proliferate in the coming year. But Republicans should stand firm and not panic. This is exactly what we’d expect to happen in the very short term; indeed, the key be..Read More →

Opinion: Both parties are total hypocrites about budget deficits Anyone following the debate over the Republican tax bills, one passed by the House in November and another by the Senate last weekend, can’t help but marvel at the hypocrisy on display. At least something in Washington is bipartisan.
On one side are the Republicans, who, after eight years of perfecting their fiscal-hawk impersonation, complete with screeching sounds and wings-a-flapping, have made peace with deficits. Once they gained control of the executive branch in addition to both houses of Congress, it was tax cuts über alles, let the consequences be damned!
Up in the spectators’ gallery, the same Democrats who were blasé about a doubling of federal debt under President Barack Obama are now concerned about a $1 trillion increase in the 10-year deficit, as estimated by Congress’ Joint Committee on Taxation in its dynamic score of the Senate bill. (A dynamic score takes into account any macroeconomic effects — stron..Read More →

Trade Idea: GBP/USD – Exit long entered at 1.3410 GBP/USD – 1.3390

Original strategy :
Bought at 1.3410, Target: 1.3600, Stop: 1.3350
Position: – Long at 1.3410
Target: – 1.3600
Stop: – 1.3350

New strategy :
Exit long entered at 1.3410,
Position: – Long at 1.3410
Target: –

Although cable rebounded from 1.3371, as renewed selling interest emerged at 1.3461 and sterling has slipped again, suggesting near term downside risk remains for the retreat from 1.3550 (last week’s high) to bring retracement of recent rise, hence weakness to 1.3330-35, then 1.3300 cannot be ruled out, however, reckon downside would be limited to 1.3250-60 and previous support at 1.3221 should remain intact, bring rebound later.
In view of this, would be prudent to exit long entered at 1.3410 and stand aside in the meantime. Only above said resistance at 1.3461 would suggest low is possibly formed, bring rebound to 1.3500, break there would signal the pullback from 1.3550 has..Read More →

GBP/USD Elliott Wave Analysis GBP/USD – 1.3373
Although cable found renewed buying interest at 1.3221 and rallied to 1.3550, the subsequent retreat suggests consolidation below this level would be seen and as long as said resistance hold, mild downside bias is for at least a retracement of recent rise, hence weakness to 1.3300-10 would be seen, however, break of said support at 1.3221 is needed to signal top has been formed at 1.3550, bring further fall towards 1.3250-60 later.
Our preferred count on the daily chart is that cable's rebound from 1.3500 (wave (A) trough) is unfolding as a wave (B) with A ended at 1.7043, followed by triangle wave B and wave C as well as wave (B) has possibly ended at 1.7192, below support at 1.4232 would add credence to this count, then further fall to 1.4000 level would follow but reckon downside would be limited to 1.3655 support and price should stay above previous support at 1.3500.
On the upside, whilst initial recovery to 1.3..Read More →

Divorce after 50: What I wish I had known beforehand This article is reprinted by permission from NextAvenue.org.
Divorce is never easy, but couples over 50 who end their marriages face particular hurdles. Below, people who went through a late-in-life divorce share six things they would tell their younger selves, offering ways others can learn from their experiences:
“I wish I had known how the divorce would impact my oldest children even more than my youngest still at home.” Gail Konop, a 57-year-old yoga studio owner whose 2011 divorce ended a 25-year marriage, said her son who lived at home slowly got used to her new reality, which wasn’t as easy for her adult daughters. “He got to see us as individuals living in his life. He saw how there was less stress, and he got used to it. But my daughters are coming home periodically and they couldn’t keep up with the changes.” At one point, Konop says her daughter announced, “I don’t want to come home anymore — it’s so weird.” If you’re co..Read More →