America reaps few benefits from Trump’s tax-cut proposal on May 8, 2017Last week when the White House unveiled its long-awaited proposal for tax cuts, more than a few observers noted that President Donald Trump’s “new” plan looks a lot like the promises he made during his campaign. Capital Economics described the proposal: “[It has] deep cuts to corporate and individual tax rates. Even with dynamic scoring, […]
Could Chinas banks take down the global economy? on July 24, 2016In the wake of the global market reaction to the UK’s vote to leave the European Union, investors have redoubled their focus on China’s economy and particularly the banking system. “Brexit is the noise, but China is the story,” one senior investment banker commented last week, referring to the fact that the level of demand […]