It happened again. Tax receipts rose to all-time highs in the US after the recent tax cuts.
U.S. tax revenues are $779bn above budget (read here) and capex, wages and repatriation of capital are soaring.
Category Archives: Global Economy
Robots do not destroy employment, politicians do
I’m not worried about artificial intelligence, I’m terrified of human stupidity.
The debate about technology and its role in society that we need to have is being used to deceive citizens and scare them about the future so they accept to submit to politicians who cannot nor will protect us from the challenges of robotization. Continue reading Robots do not destroy employment, politicians do
Risk Off? Not Really
The recent strength in the US dollar and stock market weakness has generated many headlines about “risk-off” mentality. However, the reality is quite different. We are far from capitulation. Continue reading Risk Off? Not Really
The Eurozone’s Coming Debt Crisis
The European Central bank has signaled the end of its asset purchase program and a possible rate hike before 2019. After more than 2 trillion euro of purchases and zero interest rate policy, it is overdue. Continue reading The Eurozone’s Coming Debt Crisis