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May 10, 2025

Author: Burnham Banks

Hello. I’m Burnham Banks and I studied economics in the late 80s and early 90s. I’m still studying economics today and am still no wiser. This blog is a journal, a record of my thoughts and experiences. If we are destined to repeat our mistakes, we should at least repeat them faithfully. If not, then perhaps the past is a mischievous guide and we should try something new.
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Trump Tax Plan. Chances and Consequences.

Thursday, 28 September 2017 | 3:11 pm by Burnham Banks
Sep 27, the Big Six presented a draft tax proposal representing President Trump’s tax plan. This is a long awaited piece of reform with high market impact. Trump Tax Plan: Proposed Tax Changes: Corporation Current Proposed Corporation Tax Rate 35.0% 20% Expense of Capital Investment Depreciated over time Immediately expensed Interest Expense Deductible Limited deductible
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FICTION: Symborg. The Progress and Evolution of Artificial Intelligence. Individual Representative Avatar, IRA.

Thursday, 21 September 2017 | 2:23 pm by Burnham Banks
In the not so distant future, Symborg Inc is developing an AI personal assistant. It is branded IRA, Intelligent Representative Avatar. At first Symborg is unsuccessful in achieving a sufficient level of autonomous intelligence in its algorithms and seeks a new direction in research, to co-opt the information content of the general population of the
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Global Trade War. Part II

Thursday, 07 September 2017 | 9:48 am by Burnham Banks
The Trade War continues. Since 2011, the Obama administration has been actively pursuing a program of reshoring. Obama’s Manufacturing-Centric State of the Union You’ll Never Hear Donald Trump’s agenda only seeks to bolster or exacerbate an existing trend. As global growth slows, every country seeks to become more self-sufficient and insular. Trading nations and those
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10 Seconds Into The Future. Peripheral vs German Yields. ECB.

Thursday, 07 September 2017 | 8:51 am by Burnham Banks
The spread between Spanish and German bonds has widened from 0.93 to 1.22 in 6 weeks. While the spread between Italian, Spanish, Portuguese and even French bonds and German bunds has widened in the last 6 weeks, Spain’s reaction is the most substantial. A referendum on October 1 for Catalan secession is raising political risk
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Global Trade War. Episode II

Thursday, 07 September 2017 | 8:50 am by Burnham Banks
The Trade War continues. Since 2011, the Obama administration has been actively pursuing a program of reshoring. http://agmetalminer.com/2015/01/22/obamas-manufacturing-centric-state-of-the-union-youll-never-hear/ Donald Trump’s agenda only seeks to bolster or exacerbate an existing trend. As global growth slows, every country seeks to become more self-sufficient and insular. Trading nations and those with a small or ageing population do not
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Ten Seconds Into The Future

“Hello. I’m Burnham Banks and I studied economics in the late 80s and early 90s. I’m still studying economics today and am still no wiser. This blog is a journal, a record of my thoughts and experiences. If we are destined to repeat our mistakes, we should at least repeat them faithfully. If not, then perhaps the past is a mischievous guide and we should try something new.”

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