• Bulls are not happy about the tax reforms

    The House of Representatives and the Republicans have to “verify” their versions of the tax reform and the market believes that this will not cause problems. A large part of the tax reductions attributed to corporations are deferred until 2019, so investors are increasingly skeptical about the stimulating effect of the reform.

  • Europe is in a slow but steady decline?

    The decline of the economic activity in the Eurozone seems to be slowing it’s pace, but it is too early to cheer as the preliminary data showed, how the activity is still on the worst level of the last one and a half years.