Wednesday , April 9 2025
Home / Mike Norman Economics / Quarter of Irish growth due to Apple iPhone

Quarter of Irish growth due to Apple iPhone

Summary:
You can't really look at GDP to figure out what is really going on...The Trump tax reforms of this past January 1 at least removes financial incentives for the multinational firms to cause this type of financial result.So even the recent weakness in both the UK and EZ prints of GDP could easily be the result of a change in tax reduction strategy by the US multinationals in response to the Trump corporate tax policies.And not some nebulous "austerity neoliberal conspiracy lies!" theories...Interesting observation from IMF, makes you wonder about our indigenous economic growth... Quarter of Irish growth due to Apple's iPhone, says IMF https://t.co/yllphgy3VV via @rte— Gary Twyford (@GTwyford) April 17, 2018

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)

Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained

Lars Pålsson Syll writes Schuldenbremse bye bye

Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.


You can't really look at GDP to figure out what is really going on...

The Trump tax reforms of this past January 1 at least removes financial incentives for the multinational firms to cause this type of financial result.

So even the recent weakness in both the UK and EZ prints of GDP could easily be the result of a change in tax reduction strategy by the US multinationals in response to the Trump corporate tax policies.

And not some nebulous "austerity neoliberal conspiracy lies!" theories...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *