Market Talk – April 19, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 1,011.35 points or -2.66% to 37,068.35 Shanghai decreased 8.96 points or -0.29% to 3,065.26 Hang [...]
German Study: USA is the Top Tax Haven in the World
A new study by the Green Party in Germany places the USA at the top of the list of tax havens for foreign investors. They have highlighted the key states in their study. I have written about this before. The strong capital flows coming into the USA from overseas have been stunning, to say the least. Some 3,000 millionaires from Greece, 10,000 millionaires from France, 6,000 millionaires from Italy, 2,000 millionaires from Spain, and about 2,000 millionaires from Russia have all migrated to the USA.
This is confirming what we see on capital flows. The dollar haters are incapable of looking at international news, and they only focus on the Fed and the Treasury. They seem incapable of objective analysis or looking at the entire world.
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