Trumped or Stumped? The tax cut, the debt ceiling and riding the gravy train
A corporate tax cut from 35% to 15% will cost US$200bln/annum A Border Adjustment Tax could raise US$100bln/annum The boost to GDP growth is…
Colin has worked in the financial and commodity markets since 1981. He started his career in physical commodities moving on to a futures and options brokerage in 1987. Here he focused on servicing bank proprietary traders, global macro and relative-value fixed income hedge funds together with managed futures advisors. He was also instrumental in the development of interest rate and credit default swaps businesses. In December 2013 he launched a macroeconomic newsletter – In the Long Run – focussing on macroeconomics and financial markets. He has recently became a director of AAIN - Asian Alternative Investments Network – a non-profit industry group with which he has been involved since its inception in 2007.
A corporate tax cut from 35% to 15% will cost US$200bln/annum A Border Adjustment Tax could raise US$100bln/annum The boost to GDP growth is…
The challenge to low-cost manufacturing in emerging markets is from technology Some industries will benefit but many jobs will be displaced globally The mercantilist…
With 30yr Swap yields below T-bond yields arbitrage should be possible Higher capital requirements have increased the cost of holding T-bonds Central clearing has…
Sugar, Honey, Honey – the weighty problem of obesity and substitution The solution to obesity is to reduce calorie intake A tax on sugary…
Low cost manufacturing is moving away from China Malaysia, India, Thailand, Indonesia and Vietnam will continue to benefit Currency risks remain substantial Stock market…
Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. Hamlet I,…
Zero Yield 10 year Ever since central banks embarked on quantitative easing (QE) they were effectively taking control of their domestic government yield curves….
Source: 1propaganda.com Central banks appear more powerful than at any time in their history – has something changed? Not really – because of…
Editor’s Note: The following history of fractional reserve banking, by Colin Lloyd, was kindly written especially for The Cobden Centre. William Hogarth – The…
Central Banks are moving from quantitative to qualitative easing The spread between Investment Grade and Government bond yields is narrowing Issuing corporate debt rather…