Category Archives for "Economy"
May 9, 2017
- in Economy
Warren Buffett Says Google Has Some Aspects of a Natural Monopoly
The Oracle of Omaha admits mistakes. Maybe he should run for president.
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.
Source: Warren Buffett says Google has some aspects of a natural monopoly – Business Insider
May 8, 2017
- in Economy
Warren Buffett Admits He Made a Mistake on Google and Amazon
Even Midas couldn’t turn everything to gold. But Buffett is pretty damned good.
Warren Buffett says he should have figured out Google had a great ad business because he was a customer.
Source: Warren Buffett admits he made a mistake on Google, Amazon
April 28, 2017
- in Economy
Trump’s Tax Plan Could Turn ‘Everyone and Their Dog’ Into an LLC
Looky here – Donald Trump has a tax plan
Do you want to turn your business into an LLC? Of course you do.
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.
Source: Trump’s Tax Plan Could Turn ‘Everyone and Their Dog’ Into an LLC – Bloomberg
April 27, 2017
- in Economy
Ex-Treasury Sec Larry Summers just completely trashed the Trump tax plan
Surprise, surprise! Economists trash Trump “tax plan.”
Because it’s not a plan. It’s a laundry list of supply-side bullshit.
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.
Source: Ex-Treasury Sec Larry Summers just completely trashed the Trump tax plan
April 27, 2017
- in Economy
Yes, the Stock and Bond Markets Can Both Be Right
Signs of a tightening monetary supply…beware.
This dichotomy is fairly typical of a monetary tightening cycle and can exist until the Fed snuffs out the expansion.
Source: Yes, the Stock and Bond Markets Can Both Be Right – Bloomberg View