‘Tax The Rich’ Is the Developed World’s New Mantra
by on Oct 6, 2011 •http://www.businessinsider.com/italy-announces-higher-taxes-2011-9 http://www.guardian.co.uk/business/2011/sep/16/spain-raises-tax-on-rich http://www.washingtonpost.com/business/economy/obama-proposes-new-taxes-on-wealthy-for-half-of-debt-plan/2011/09/19/gIQATnkNfK_story.html http://www.guardian.co.uk/business/ireland-business-blog-with-lisa-ocarroll/2011/jul/27/property-tax-ireland-poll-tax http://business.financialpost.com/2011/08/24/france-cuts-growth-forecasts-raises-taxes-on-rich/ Name a DM country and you will see initiatives to tax the ‘rich’. Democracies merely rely on the majority verdict. If the majority want to expropriate everything from one or other group they can and often vote it through especially if media services pump the political spin. I flagged this...
Economic Indicators 30th Sept 2011 – WF pdf
by on Oct 1, 2011 •Here below the WF weekly economic indicator report. In summary, the data this week mixed but given the very bearish expectations entering the week the data was a little better than expected with a good surprise in US PMI data and durables. Having said this the data continues to be weak but not the ‘off...
Consumer Credit.. Signs of Life..
by on Sep 29, 2011 •http://uk.reuters.com/article/2011/09/29/uk-mortgage-approvals-idUKTRE78S16A20110929 http://www.marketwatch.com/story/30-year-mortgage-at-record-low-401-2011-09-29-100200?link=MW_home_latest_news And in the Wells Fargo analysis we saw yesterday that US consumer credit has increased mainly due to a mini boom in student credit. http://globalbasic.econoday.com/byshoweventfull.asp?fid=447264&cust=global-basic&year=2011#top Rich
Technical & Economic Indicators ‘TPPFs’ – (WellsF Report – Updated Friday/Sat Weekly)
by on Sep 28, 2011 •We all hopefully fully understand the difference between the fundamental nos and technical trading issues. In my opinion both elements are important to build an effective multi asset, multi fx investment and trading strategy. Anything less is to subject yourself to immense risk and therefore swings in returns. Happy to expand this discussion in the...