US Government Canceled 362,000 Passports Last Year Over Back-Taxes

March 19, 2019@4:45 PM TFP Editor 0

Authored by Simon Black via SovereignMan.com, Starting in 2021, Americans will require permission to visit Europe… technically the 26 borderless countries within Europe’s Schengen area. The process will start out simple enough, taking about ten minutes to complete and costing around $8. The EU estimates it will grant about 95% of the Americans who apply three years of access to the region. But what if you are part of that unlucky 5%? Over 12 million Americans travel […]

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FedEx cuts 2019 forecast again, shares drop 5 percent

March 19, 2019@4:32 PM TFP Editor 0

FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down 5 percent and fueling fresh worries it is losing ground in Europe to delivery rivals United Parcel Service Inc and Deutsche Post DHL Group. Read on Reuters

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U.S. judge rebuts Trump on transgender troop limits

March 19, 2019@4:23 PM TFP Editor 0

A federal judge on Tuesday contradicted the Trump administration’s “incorrect” claim that no legal blocks remain for it to enforce a contentious policy to restrict many transgender individuals from the U.S. armed forces starting on April 12. Read on The Source

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Wall Street gives up gains on news of troubled trade talks

March 19, 2019@4:21 PM TFP Editor 0

The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve’s expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China trade negotiations. Read on Reuters

Is The Bull Market Too Big To Fail?

March 19, 2019@4:05 PM TFP Editor 0

Submitted by Joseph Carson, former chief economist of AllianceBernstein The US equity market is on another streak, posting a double-digit gain since the start of the year and extending a bull run that has lasted 10 years. In terms of pure numbers, equities occupy a position far above any other asset, and in everyday life stocks have jumped ahead of real estate as a store of wealth for Americans. From a risk management perspective, policymakers […]