Monday, March 27, 2017

LATEST ARTICLES

Forbes analyst gives Trump a pass on taxation, not immigration

Forbes political economy editor John Tamny gave the new U.S. president a mixed report card at the Cayman Economic Outlook conference on Feb. 2. Taking a pro-immigration, anti-tax stance, he ranked President Donald Trump’s ideology from good to “quite simply terrifying.”

Bull market resumes its climb alongside a wall of worry

The bulls are back. Leading world stock markets are impressing observers with new record highs. The Cayman Journal explains why this is happening and what speaks in favor of following the bulls on their way up.

Investment summit: ‘Hedge funds are not dead’

Hedge fund investments have been described as failing many times before, so the suggestion that the industry is dead or in decline is an “alternative fact,” according to Mark Yusko, CEO and chief investment officer of Morgan Creek Capital Management.

Global implosion of trust

Public trust in the institutions of government, business, the media and nongovernmental organizations is in freefall, according to a survey in the 2017 Edelman Trust Barometer.In two-thirds of the 28 countries surveyed, more than half of the public no longer trusts mainstream institutions to do what is right.

Cayman retailers turn focus to local shoppers amid dampened tourism sales

Tumultuous politics and competitive pricing spelled a difficult year for Cayman retailers focused on tourist foot traffic in 2016.While cruise ship and stay-over arrivals held steady with around 2 million visitors, retailers felt the effects of depressed exchange rates out of Europe and uncertainty created by the U.S. elections.

Expect the unexpected

The Cayman Islands Journal, Feb. 1, 2017: By the time you read this, one of the most unlikely events that could have been imagined one year ago will have happened – Donald Trump will have been inaugurated as the 45th president of the United States of America.

Reflation causes rotation

Inflation is coming! At least that is the warning from prophets of doom since the central banks began to react to the credit crisis of the years 2008/09 with an unprecedented expansionary monetary policy

OECD’s reporting standard: Collateral damage

The elimination of tax evasion is a laudable objective. Governments miss out on revenue if assets are moved to other jurisdictions to evade taxes, and the impact is greater in poorer countries.

‘Year for Tourism’ celebrates record prices and rebuilds

The Cayman Islands Tourism Association has declared 2017 “The Year for Tourism,” a declaration that comes in the wake of improving economies in Cayman’s North American markets and a long-awaited recovery at home, boosting arrivals, room inventories, new flights by Southwest Airlines, a new Ministry of Tourism outreach to South America, a residential building boom and plans for at least five new hotels.

Financial services: regulation, costs and maybe fintech

In a briefing to financial services chiefs in New York last month, Cayman Finance CEO Jude Scott offered a modest headline: The jurisdiction is looking at streamlining compliance issues using fintech, a software-based financial-tracking system.

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