Donald Trump’s long promised tax cuts finally passed. By reducing the corporate tax rate from 35% to 21%, Trump hopes to encourage US firms to repatriate capital and invest it at home. Tax cuts appease the right wing. Increased jobs and wages appease the working class. Everyone wins, right?
Government officials and agencies have turned a blind eye towards reality. The reality of the booming world of cryptocurrencies.
Why are so many people resistant to change despite the evidence that something is very wrong? Is this a kind of collective Stockholm syndrome?
It’s not a question of if this will happen, it’s a matter of when. Interest rate rises by the Fed preceded every post war recession.
The Fed should employ just as many behavioural psychologists as they do economists in trying to work out how their policies impact markets.
We're entering the next phase of the financial world, but It’s hardly news that the mindset of central banks is in the process of changing.
The implications for real estate, banks and the US economy will be huge in coming years. So I’m not so sure that the US is on the cusp of a recession.
The beneficiaries of this asset price inflation have 'spent' money funding new technology...investing in new technology to find new ways of doing business.
Trump has the opportunity to fill more seats on the Fed’s board of Governors than any president since then. His influence goes further than that, however.
The man who knew? Greenspan didn’t seem to know that the biggest bubble in history was created right under his nose.