Money

Biden’s tax plan would hurt the economy

Edward B. Harmon In 1963 John F. Kennedy wrote, “Capital gains tax directly affects investment decisions, mobility and the flow of venture capital from static to more dynamic situations, the ease or difficulty encountered by new businesses in obtaining capital, and therefore the strength and growth potential of the economy. …

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The high cost of living in our golden cage, Australia

And it’s golden, with a booming economic comeback, falling unemployment, rising house and stock prices. “It remains to be seen whether the recovery is under its own power or solely under the leadership of the government,” warns Willox, and ultra-low interest rates. “It could be that stimulus is responsible for …

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India needs to watch out for a tantrum in global financial markets

With a better economic recovery and higher than expected inflation in the United States, the Federal Reserve has signaled that it may reduce its bond purchases. The International Monetary Fund (IMF), in its April 2021 World Economic Outlook, raised the possibility of capital outflows from emerging markets and developing economies …

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ECB warns of rising corporate debt in the EU

Fundamental perspectives The European Central Bank (ECB) has raised concerns about the growing corporate debt burden among major euro area service sectors, as this could increase pressure on governments and lenders in those countries. The current stimulus is issuing a 1.85 trillion euro package for the purchase of bonds and …

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