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Corporate Balance Sheet Reprieve
By far, the biggest driver of the CHM's improvement has been the sharp increase in after-tax cash flows. This is partly due to the recent corporate tax cuts, but also reflects a significant rebound in pre-tax cash flows. Despite the rebound in…
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Concise macro insight that cuts through daily noise, helping clients stay informed on what matters in markets, why it matters, and how to talk about it, without spending hours reading research.
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