…ometimes postponed or avoided altogether. Here are a few memorable predictions of our energy future: e 1945, Oak Ridge National Laboratory nuclear physicists Weinberg and Soodak predict that nuclear breeders will be man’s ultimate energy source; a decade later, the chairman of t...
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…ings that are repatriated are taxed at this rate less a credit for foreign taxes paid on those same earnings. Many multinationals’ foreign earnings thus remain parked offshore, allowing corporations to avoid the tax hit associated with bringing them back to the US. Both Trump and...
… regulatory and legal actions) for their Units to be freely tradable and not subject to volume restrictions on the international securities exchange on which the Initial Listing occurred; provided that no more than one such action may be required in any 12 month period and custom...
strong control of the government and its high approval rating are steadily raising the chance of success. We stay overweight Japanese equities and grow wary of the short yen trade, as capital inflows and rising growth expectations (chart of right) are ultimately bullish for the c...
3 risks — reality vs hope, higher yields, politics The biggest risk to our view is that actual US fiscal easing turns out to be minimal. But we believe the USD/JPY’s move will be quicker than whatever reality emerges in coming months. China’s unexpected RMB devaluation or any ex...
And — You Guessed It — Here’s the Punch Line... By USA Inc.'s Own Forecast... CB www.kpcb.com USA Inc. | Income Statement Drilldown 173 Entitlement Spending + Interest Payments Alone Should Exceed USA Inc. Total Revenue by 2025E! Entitlement Spending + Interest Payments vs. R...
…l flows. Apart from that, a change in the behavior of Reserve Bank of India it terms of managing INR to accumulate international reserves is also a risk. LatAm: long PEN/CLP We like long PEN/CLP (spot 195.7, target 200, stop 195.5). LatAm is the most exposed region within EM to...
Asian equities (ex-Japan) MSCI Asia ex-Japan (27 June): 469 (last month: 466) UBS View MSCI Asia ex-Japan (6-month target): 515 ¢ The region continued to show high volatility last month, with its P/BV temporarily close to 2008 lows. ¢ Hong Kong and Singapore markets’ domestic fu...
Emerging market equities MSCI EM (27 June): 913 (last month: 907) UBS View MSCI EM 6-month target: 1,000 ¢ Currency weakness hurt emerging market (EM) equity performance in US-dollar terms year-to-date. We expect EM FX to appreciate against the USD from current levels over a six...
Administration and agenda » directing Treasury to label China a currency manipulator. Consistent with Trump’s desire to change the way business is conducted in Washington, he also pledges to act on his first day in office to: » propose aconstitutional amendment to impose term...
Friday, November 9, 2012 OPINIONS Happy days, even with the cliff La Di Dah Di Dab... We have been through a lot, people. But now the presidential race is settled. Barack Obama won. People on both sides worked heroically, and, on Tuesday, their candidates behaved well. This s...
strong control of the government and its high approval rating are steadily raising the chance of success. We stay overweight Japanese equities and grow wary of the short yen trade, as capital inflows and rising growth expectations (chart of right) are ultimately bullish for the c...
KLC OpCo Historical Pro Forma and Projected Financial Summary ($ in millions, except for Fiscal Year Ended December 31, weekly tuition) 2004PF" 2005PF' 2006P 2007P OPERATIONAL DATA: Revenue $1,442.2 $1,477.7 $1,557.8 $1,656.5 Revenue Growth 2.5% 5.4% 6.3% Gross Profit $233.3...
target. It is possible that Trump’s election could weaken fiscal discipline in the Eurozone over the medium term, but we are more concerned by the non-trivial risk that the ECB may disappoint in the December meeting by either not extending quantitative easing (QE) beyond next Mar...
“The Moment of Truth: Report of the National Commission on