Month: March 2017

The Dow just experienced its first 8 consecutive down days since 2011. More like a bear cub hug.

Trump and the Republican’s failed effort to overturn and replace Obamacare- Contrary to popular opinion, that’s a bullish development. The CBO estimates repeal and replace would save the Government $323 billion over 10 years. That’s a big withdrawal of money from the economy and would be the opposite of a stimulus. Moving on to tax reform- Under current rules, by declaring that foreign profits are permanently or indefinitely reinvested abroad, American companies can defer taxation on that money. How much money, exactly, is subject to interpretation, but careful estimates extend from about $2.4 trillion to roughly $3 trillion. Since this … Read more

In a brilliant piece of brinkmanship, Trump distances himself from Ryan’s unpopular replacement for Obamacare. If fixing the broken healthcare system was simple, they would have done it already.  The repeal of Obamacare was a huge withdrawal of government stimulus.  Let’s hope repeal fails and our government can start listening to caregivers about how to reduce costs instead of  politicians’s untested ideologies.  Contrary to popular consensus failure is bullish as its fiscally stimulative.  The current repeal and replace plan would act as an enormous drag on the economy as trillions of tax payer dollars would be withdrawn rather swiftly from … Read more