how to prepare profit and loss account What does that mean? 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. On Wednesday, on the first four shopping days of Christmas, upscale stores were discounting heavily, including most of the fashion retailers. H&M offers discounts of up to 60%, while Debenhams, Fraser, French connections, gaps, new faces and Dorothy Perkins offer discounts of up to 50%. The new Surface Pro(2017) accounts for 9.2%, roughly the total of the Surface Book(7.5%) and the Surface Laptop (2.0%). Widely respected for its expertise in high-end aluminium glazing products, Fenster was approached by programme-makers and asked to supply a premium-quality sliding door. Gasoline is the largest oil product consumed in the United States last year, according to the U.S. energy information administration (EIA). Last year, gasoline consumption averaged about 9.3 million barrels a day (391 million gallons) a day, a record high, about 47 percent of U.S. oil consumption. Now, however, that wisdom is being questioned, not just in Britain. As long as inflation is a real and present danger, it makes sense to put monetary policy down to the conservative central bankers and keep them from the government's fiscal deficit. Instead, the problem today is the opposite: that the central bank cannot raise inflation to its target.