The surge of optimism among US investors pushed Wells Fargo/Gallup US Investor and Retirement Optimism Index to record high since September 2000 in the same month in 2017, and the Index remained strong in the fourth quarter. This upbeat reflects investors’ confidence in the economy outlook, stock market, unemployment and personal finances. The slump of business investment in
Well, what is the difference?
I don’t mean the package or colour. The definitions and distinctions are far more complicated.
The name was based on alcoholic content, not the taste of wine. Table wines were sometimes sweet to the taste, and dessert wines sometimes dry. In fact, half of the table wine sales included wines with
There was the huge demand for so-called fortified wines, or “dessert wines,” with high alcohol content, such as angelica, muscatel, port, and sherry. Largely because of their high-alcohol content and relatively inexpensive price (50 to 75 cents per bottle), these “proof per penny wines” proved more popular than dry wines in the United States. Dessert wines outsold table
The needs from corporates to finance higher Capex or other corporate transactions will support demand side growth. Further bank consolidation will also support credit growth. The gradual tightening of monetary policy is unlikely to significantly restrain credit growth. On the contrary, higher interest rate may boost bank credit to enhance bank profitability. Loans and leases in Bank Credit
American wine-making and -drinking are not modern developments. While Native Americans had been making some kinds of wines, European immigrants brought wine making and drinking culture to the New World since the fifteenth century. Due to unfavorable climate and plant diseases, however, early attempt to establish vineyards in the American colonies were not often successful. In the eighteenth
In 2013, the United States became the largest wine consumer in the world, accounting for more than 13 percent of the global wine consumption, followed by France and Italy.
Historically, wine-producing European countries, led by France, had been the leading global consumers, as well as producers, of wines. In the nineteenth century, American wineries were known to produce quality wines, but the
Fed has been gradually raising interest rates and unwinding its balance sheet from the record $4.5 trillion level, which will put upward pressure on sovereign debt securities and mortgage-backed securities. Yet the impact is expected to be small and well-controlled. Articulated goal of reducing balance sheet will reflect in limited amount of monthly securities roll off in a
The US government enters into bilateral income tax treaties with numerous countries in order to encourage international trade and investment, promote cross-border cooperation, stimulate information exchange and reduce double or excessive taxation. French enterprises in the states may apply reduced rates or be exempted from the requirement to withhold tax at source. Tax rate imposed on dividends paid
Easy financial conditions have been supporting the pickup of global growth since mid-2016. Financial conditions in US have loosed to the easiest levels in mid-2017 since 2014, largely due to tighter credit spreads. The situation won’t be changed in short-term according to National Financial Conditions Index (NFCI), the positive values of which have been historically associated with tighter-than-average
Also following 2017 Tax Reform, the cost of qualifying property of no more than $500,000 per piece can be deducted for tax purpose. In addition, additional first-year depreciation deduction is allowed equal to 50% of the adjusted basis of qualified property. Qualifying property is also extended to property already put in service. The ability to depreciate assets upfront