Some good points in this piece
I don't think it makes sense to raise company tax. But a carbon tax of just $5 a tonne, will raise $34 billion a year, and if it rises by $2 a year, substantially more within 10 years, while also encouraging a decline in emissions.
Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.
Monday, December 10, 2012
Sunday, December 9, 2012
Wednesday, December 5, 2012
The official and the HSBC/Markit PMI's both rose in November, as did my estimate of the IP growth rate (based on a 3 month lag to the average of the two PMIs). Other evidence (electricity prdn, imports, exports, etc) confirm that the slowdown has stopped.
I doubt growth will reach the heady heights seen before, but no matter: these days it's a far more important member of the world economy, so even at the new lower growth rate, it will still be significant.