Uncontrolled spending and ruinous results … Brazil has been a prime example of the policy of “more is less”. Under Lula and Rousseff the country felt invincible and believed that entering into massive trade and fiscal deficits while spending on ruinous government publicity projects and subsidies would work. Continue reading Brazil Faces Significant Challenges
The Tax Cut And Jobs Act Is Working Better Than Expected
Any tax cut will always be attacked by the interventionist crowd. The main argument is deficits. Something I find amusing because those same interventionists are the ones that defend massive deficits when it comes from rising expenditure. Why? Because government spending empowers politicians and their crony sectors while tax cuts empower citizens. Continue reading The Tax Cut And Jobs Act Is Working Better Than Expected
Is The Oil Burden A Rising Problem?
While markets become increasingly bullish, oil prices are close to a “warning zone” where the barrel could be one -if not the only- catalyst of a major slowdown. Continue reading Is The Oil Burden A Rising Problem?
Ten Years After Lehman. The Solution Was “More Lehmans”
The day Lehman went bankrupt I left the office in London for Waterloo Station and realized that something monumental had happened. The faces of the dozens of people waiting patiently for trains from the center to their homes were revealing. Most of them were, like me, City workers. Panic. Continue reading Ten Years After Lehman. The Solution Was “More Lehmans”