EMs benefit from low developed rates, but may fall prey to capital gains rise

Filed in Gold, silver by on September 15, 2010 0 Comments

A couple of interesting FT pieces from Wednesday point to potentially opposing forces at work in the event that a) tax cuts are allowed to expire in America; and b) monetary policy among developed nations remains accomodative. Per Richard Bernstein on the first point:  “The Bush tax cuts may have encouraged capital flight from the US because

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EMs benefit from low developed rates, but may fall prey to capital gains rise

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