Monthly Archives: December 2025

The truth about tax rates

Tax collection from the wealthiest individuals and corporations has fallen worldwide since World War 2, while government subsidies, bailouts and support programs favouring the wealthiest constituents have soared. The plunging US corporate income tax revenue as a portion of GDP … Continue reading

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All in and more

US job growth remained sluggish in November, and the unemployment rate rose to a four-year high of 4.6% (Bureau of Labor Statistics data out today), up 120 basis points (bps) from the April 2023 low of 3.4%. A 120-bps rise … Continue reading

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BIS warns on rare simultaneous bubble in stocks and gold

The Bank for International Settlements (BIS), the central bank of central banks globally, warns in its December 2025 Quarterly Review that a rare, simultaneous bubble in the price of stocks and gold has increased financial risks and the prospect of … Continue reading

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