Governments love to claim they are deeply involved in triggering innovation, meanwhile they are thinking of raising taxes on capital gains. A great disincentive for inspiring innovation. Perhaps the innovation czar figures they'll will take the money collected in the new tax and open more government innovation offices countrywide.
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The Hated Currency Trade: Buy Japanese yen
If extreme sentiment can be used as a contrarian indicator, and it has stood the test of time in many different markets, then now might be the...