Author: cyrus
$40K SALT Cap, New York, GOP Senate, Trump, $10K Limit
Key Points Background The State and Local Tax (SALT) deduction allows taxpayers to deduct state and local taxes from their federal income, capped at $10,000 [more…]
“Six Chinese Cities Suspend Car-Trade-In Subsidies as Funds Run Dry Amid Fraud and Funding Crunch”
Key Points BackgroundSeveral Chinese cities have recently suspended car-buying subsidies, part of a trade-in program to boost sales of electric and fuel-efficient vehicles. This pause, [more…]
“PBOC Chief Calls for Multipolar Currency System as China Accelerates Dedollarization Efforts”
Key Points Background Pan Gongsheng, Governor of the People’s Bank of China (PBOC), recently shared his vision for a future global monetary system during a [more…]
“China Expands Consumer Goods Trade-In Program and Subsidies to Boost Spending and Stabilize Economic Growth”
Key Points BackgroundChina has a consumer goods trade-in subsidy scheme to boost domestic consumption, allocating 300 billion yuan for subsidies on items like cars and [more…]
Germany’s PBB withdraws guidance as it winds down US business
Key Points Background Deutsche Pfandbriefbank AG (PBB), a German bank specializing in real estate financing, recently announced it’s winding down its US business, which made [more…]
“Trump’s ‘Golden Share’ in U.S. Steel Raises Nationalization Fears, Complicates Nippon Steel Deal and Foreign Investment Outlook”
Key Points Background The Trump administration recently approved the merger between US Steel and Nippon Steel, but with a condition: the US government gets a [more…]
Energy majors lock onto Southeast Asia in race for more gas for AI power demand
Key Points Growing Demand for AI Power The rapid expansion of AI technologies is increasing electricity demand, with data centers projected to consume over 1,000 [more…]
“Fed Expected to Hold Rates Steady at June 2025 Meeting as Markets Watch for Signals on 2026 Cuts and Updated Dot Plot”
Key Points Background The Federal Reserve (Fed) is holding its June 2025 meeting on June 17-18, and its decision, announced later today, will impact expectations [more…]
“BOJ Holds Rates Steady, Signals Slower Bond Tapering Amid Rising Economic Risks”
Key Points BOJ’s Decision The BOJ has decided to maintain its short-term policy rate at 0.5%, showing no change in interest rates. It also plans [more…]
“Citi Revises Gold Price Forecast to $3,500 Despite Fed Cuts and Slowing Demand – 2025–2030 Outlook & Charts”
Key Points Citi’s Prediction Citi predicts gold prices will sink below $3,000 per ounce in the coming quarters, with a further decline to $2,500–$2,700 per [more…]