The Future of Direct Taxation

The Future of Direct Taxation

The image above may be considered by some as unfair, as it suggests that taxation is a form of robbery. Well, let’s check the dictionary for a definition: “Robbery is defined as taking away of goods or property by force or intimidation.” Well, that certainly fits the...
Inflation Is Killing the Recovery

Inflation Is Killing the Recovery

Last week, Ned Davis Research published a note titled “Turns Out, Growth Looks like It Was Transitory—Inflation Is More Sticky.” There are many factors that show us that consumers and salaries are being eaten away by inflation, leading to an abrupt halt in the...
Evergrande. The Tip Of The China Iceberg?

Evergrande. The Tip Of The China Iceberg?

The bankruptcy of the Chinese real estate company Evergrande is much more than a “Chinese Lehman”. Lehman Brothers was much more diversified than Evergrande and better capitalized. In fact, the total assets of Evergrande that are on the brink of bankruptcy outnumber...