Donald Trump’s tax plan, which is now being debated in the Senate, states very seriously that its effect will be to multiply investment and jobs. That’s up for discussion, given that the US has probably reached its maximum potential, namely in terms of GDP without inflation and the jobless rate is at 4%.
In the last few months, we have witnessed a worrying downward revision to US savings rates, in addition to the clear declining trend in savings. If US households don’t dedicate part of the resources freed up by the government’s planned tax reform to savings, we will be facing some very bad news.
Today’s Cyber Monday online shopping holidays are “perfectly suited to todays’ connected consumer”, according to AXA IM expert Jeremy Gleeson. Forecasts suggest that consumers will spend even more cash this Cyber Monday than previous year.
Chittaranjan Kaul via Fair Observer | This is the century of creating knowledge, not receiving knowledge.
Andrew Sheng via Caixin | With financial markets still going gangbusters, one needs to ask whether the global financial crisis is truly over, or if we are on the brink of another crisis. What are the main effects of a balance sheet crisis?
One of the most awaited days by shopping fans is coming again. Citi Research analysts have surveyed most retailer websites on last Monday previewing 2017 Black Friday forecasts. Following are their findings.
US commercial banks are trading at a discount of over 25% with respect to the market as a whole (S&P 500) in terms of PER 2018e. Fundamentals are solid and the Fed’s monetary policy heralds a good performance from their profit and loss accounts in 2018 and 2019.
The construction materials’ sector is one of the few where EPS growth is accelerating between 2017 and 2018. But to be fair, there has not been much positive news for the construction materials/cement sector this year. Valuations don’t scream out “an attractive buy” in the short-term.
A simple article about the internal balances of payments in the US written by Cullen Roche helps us understand why the Catalan separatists’ famous slogan “Spain is robbing us” is a fallacy. That said, the only thing Catalan secession supporters want is to save on the transfer which they should make as a wealthier region.
Since its creation in 1945, the CFA Franc is considered as “an insult to the sovereignity of the African countries”, according to numerous experts. The offensive against this currency resurfaced on the eve of the last French elections. The leading politicians felt themselves obliged to comment on the issue.