Category Archives for "Economy"
In an interview with CNBC on Monday, Buffett explained why: Google's search ad business is like a natural monopoly, meaning that the costs of building a company with a similar market share are large enough to fend off any serious takers. Google is poised to get approximately 78% of total US search ad revenues in 2017.
Warren Buffett says he should have figured out Google had a great ad business because he was a customer.
His proposal to slash the tax rate on partnerships and limited liability companies could set off a stampede of individual taxpayers trying to reclassify themselves as so-called pass-through businesses.
Surprise, surprise! Economists trash Trump “tax plan.”
Summers said that had he been asked to present such a plan with the notion that it would pay for itself, he would have resigned.
This dichotomy is fairly typical of a monetary tightening cycle and can exist until the Fed snuffs out the expansion.