From Trade Wars to AI: Lessons for Investors
🌍 Globalization Reframed For years, America’s trade deficit with Asia has been seen as a loss. But there’s another side: U.S. companies outsourced production to lower-cost factories in China, making products like iPhones, Teslas, and Nikes cheaper to build and more competitive worldwide. That outsourcing helped fuel a thirty-year bull market and lifted total U.S. wealth […]
The Big Beautiful Bill: What It Means for Investors
📘 Part I: What the Bill Actually Does 1. Corporate Tax Cuts Made PermanentThe 21% rate is here to stay. No cliff. No phase-out. Just permanent low taxation for businesses large and small. The math is simple: Lower taxes → higher net income → higher EPS → higher multiples. And with full expensing for capital […]