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Columbia Threadneedle Investments

2019 Top 400 ranking: 47

A tale of two worlds: a robust business cycle in the US and a draining of liquidity in the rest of the world

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After President Trump signed the ‘Tax Cuts and Jobs Act’ into law on 22 December 2017, we expected corporate earnings growth to be strong in 2018. In fact, it has been far stronger, as the direct effect of the tax cut on corporate earnings was further magnified by the acceleration ...

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