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Trump tax cut doubts hit stocks (We need tax cuts and deregulation. The economy needs to breathe.)
Taxes need to be cut. That is key. That must happen. Deregulation needs to happen. That also is key. The economy needs these things so that it can breathe.
But between Ryancare and the “Russia” dog and pony show perpetuated by a delusional (and wounded) political class in Washington the market is worried about the future.
And then there is the $20 trillion in debt hanging out there because for some reason we find it impossible to cut government.
But the market’s always worried. It climbs, as they say, a “wall of worry.” It’s a casino anyway at this point.
(From Yahoo News)
Growing doubts U.S. President Donald Trump will be able to deliver on a promise of tax cuts that has powered stocks markets to record highs pushed shares lower on Wednesday and drove investors to seek safety in government debt, gold and the yen.
The dollar touched a four-month low against the Japanese currency, whose strength helped push Tokyo stocks to a three-week low, while the euro held close to its highest since early February at around $1.08.
Investors’ flight to safety pushed down U.S. Treasury yields and the gap between U.S. and German 10-year government borrowing costs hit its narrowest since November.
http://www.againstcronycapitalism.org/
Source: http://www.againstcronycapitalism.org/2017/03/trump-tax-cut-doubts-hit-stocks-we-need-tax-cuts-and-deregulation-the-economy-needs-to-breathe/
