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POPULISM is the weapon not just of the downtrodden. As the crisis in Catalonia demonstrates, the rich have economic anxieties of their own. Catalonia has an identity distinct, in important ways, from that of the rest of Spain. But the recent drive for independence has been energised by anger over the flow of fiscal redistribution […]
Published time: 28 Jun, 2017 00:51 The International Monetary Fund has released its US economic growth forecasts. Uncertainty in President Donald Trump’s fiscal plans has erased previous predictions of a faster growing economy. On Tuesday, the IMF cut its 2017 and 2018 growth forecasts for the US down to 2.1 percent, according to the IMF […]
Thomson Reuters The chances of a Trump bump have dropped, according to the world’s largest hedge fund manager. Bridgewater Associates’ co-CIO Greg Jensen and senior investment associate Atul Narayan laid out their reasoning in a client note out Wednesday morning. The Wednesday client note is titled “US growth has slowed and the likelihood of a significant […]
Wikimedia Elliott Management, the $ 31.6 billion New York hedge fund run by Paul Singer, sees a major change coming to the financial markets as a result of President Donald Trump’s election. It’s just too soon to know exactly what will follow. “Much of the contemplated agenda is supportive of growth (e.g., reforming the tax code, streamlining regulation […]
