The Week Ahead China Q1 GDP (YOY) Thought Of The Week $2.25 Trillion Infrastructure Plan, Taxing the World U.S President Joe Biden promoted his $2.25 trillion infrastructure plan in a White House speech on Wednesday. It was not just a matter of replacing lead water pipes in communities and installing charging stations for electric vehicles, but a wide programme of economic reform aimed at education, healthcare and climate change. While Biden is open to negotiating with lawmakers on specifics of the plan, he expressed his unwillingness to inaction. With the risk of adding too much momentum to an economy (1 month after a $1.9 trillion fiscal stimulus package funded by borrowing), two features of the Biden plan commend it. One is its long view: The funds will be utilized over 8 years which makes the cost less daunting while preventing an overheated economy. Second, it addresses the funding with...