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Michael Zezas, an analyst at Morgan Stanley, also said the tax legislation would be a boon to the market in the short term, but may not be able to make fundamental changes. The current flattening of the us Treasury yield curve shows that the medium-term slowdown in the us economy and the recession of 2019 are not going away. A tax reform would widen the fiscal deficit, possibly in the future and exacerbate cyclical risks in the economy. But in the wake of the global financial crisis, the risks of monetary and fiscal policy have been highlighted and central Banks have been given additional responsibilities. Deciding whether or not to rescue a particular financial institution, whether it guarantees system stability or other reasons, has obvious consequences for individual investors. China's understanding of the market is mainly based on mechanical reference to western economic theory, but it ignores their assumptions and implicit assumptions. China's so-called mainstream economists' understanding of the market is more of a new classic. In other words, the market is an efficient allocation of social resources pricing mechanism. Although China has introduced new institutional economics, it has not read the meaning of "property rights", and mechanically believes that property rights are based on "stock of property". Ideally suited for a wide range of applications, the PURe® aluminium windows are available as tilt and turn or casement windows. Senior’s innovative door range also features a choice of the PURe® FOLD and PURe® SLIDE options.