A brief history of corporate tax inversion In 1982, McDermott Inc., an industrial company making nuclear reactor parts for the US Navy as well as deepsea oil and gas production facilities, decided to expatriate to Panama where one of their subsidiaries were located and renamed themselves McDermott International (Hines, 1991). This was done by having […]
Tax Inversions: Regulation Chasing Corporate Tax Loopholes Part 2
Corporate Tax impact on the Economy It is well documented through economic circles that taxes skew relative prices by shifting the supply curve to the left in a standard supply-demand model to create a deadweight loss. The deadweight loss is the area of the subsequent triangle with the endpoints at the pre-tax equilibrium, the supply […]
Tax Inversions: Regulation Chasing Corporate Tax Loopholes Part 1
The following was a research project completed for my Economics of Regulation class about tax inversions, the implications, and proposed solutions. Since this is a large paper, it will be split into 6 parts and published daily. Abstract – Corporate inversions have grown in popularity in recent years, and has drawn quite a bit of […]
Catatonic Economics – Unpacking a Trump win
On October 9, 2016, I made a prediction about this election that has come true. Hillary would lead the polls by 5 points throughout the election, and Trump would win. Trump’s campaign expressed the anger of the Americans who have been disenfranchised for 20 or so years. It is the opposite pendulum swing of Obama’s […]
Catatonic Economics – No one is talking about the greatest risk to America
Financial markets talk about a lot of headwinds to the economy. China devaluation, negative S&P earnings, presidential race, central bank actions, European banking problems, Japan, oil, etc. One that should be frontline news… more than the Trump tape, more than Kim Kardashian being (fake?) mugged, more than a backup QB kneeling for the national anthem. […]
Catatonic Economics – Brexit!
In response to Dave, “someone will nail the impact”… I figured I’d give my shot at it. My prediction last article was that sovereign debt along with other headwinds would cause a correction in the markets before year’s end. It took a lot shorter than I thought it would, and admittedly not for the reasons […]
Catatonic Economics – The Four Letter Word
*** “The market can remain irrational longer than you can remain solvent” – John Maynard Keynes *** Economics is called the dismal science for a reason. The real reason is because Thomas Malthus predicted that the population will grow exponentially while food can only grow additively, and therefore the world will be overpopulated in short […]
Catatonic Economics
***”Economists have forecast 9 out of the last 5 recessions. *** One contribution I make to the CRG team is my background in economics. I have a pervasive interest in macroeconomics and am close to getting my Masters in Economics. I have worked for an economic indicator at the US Census Bureau, and work as […]
Biotech Inflection Point – Watch List-2
Following my last technical analysis “Biotech Inflection Point – Watch List-1” I will keep adding names to our watch list with some beaten down tickers, we can find many deep value biotech stocks in the recent pullback, some are trading at or very close to their cash level, at this point their assets are […]
Biotech Inflection Point – Watch List-1
Following my last technical analysis “XBI – A Look At The Near and Long Term In The Biotech Sector” I will start adding names to our watch list with some beaten down tickers, we can find many deep value biotech stocks in the recent pullback, some are trading at or very close to their cash […]
Caution, SPY – Forming A Rare Tri-Star Pattern
SPDR S&P 500 ETF (SPY) –NYSE The SPY had an extreme price action during the last two months after reaching the All-Time-High 201.90 points on September 19th, followed by a deep correction, reaching the low of 181.92 on October 15th where the bulls came back to buy the dip and pushing the price back to […]
SPY – A Quick Look at The Broader Market
SPDR S&P 500 (SPY) –NYSE Yesterday we got a sharp turn in the SP-500 as the daily chart of the SPY (S&P 500 ETF) drops sharply and breaks down the uptrend channel for the first time after two months of uptrend within the channel. Breaking down the 50-Day moving average as well which was supposed be […]
