Additional Disclaimer: The following thoughts are musings and not advice. Our current view of the global economy is that Trump’s policies may provide some turbocharging to an economy that is already in a growth phase, but that the short term stimulus is in fact a temporal wealth transfer and that growth slows due to higher

Economic growth expectations have risen in the past few months on the back of a real improvement in economic data, a recovery in commodity prices, strong equity and credit markets, expectations of fiscal stimulus under the new Trump Administration. In China, growth in 2016 was bolstered by the reorganization of manufacturing, which is really a

What happens to an economy if everyone suddenly got rich without expending much effort or ingenuity? What if the people toiled for decades with some success but then an overriding factor made them rich which had little to do with their efforts? What if the magnitude of this wealth increase, which was uncorrelated, was disproportionately

An investor is faced with two sets of information. The first regards the commercial performance of companies thus earnings and cash flow, returns on equity etc, and the second is price information, which tells them what other investors are making of this information. What would the world look like, what would financial markets look like,

There is an opportunity for Europe to lead as a template for a better balance between individual and collective interests. Tax union. Creation of an EU tax authority which will set the Unified Tax Code. Member countries will have representation in the EU tax authority which will set a Tax Benchmark. Member countries which have