Perhaps more than anything else, Trump is known for cutting taxes. The Tax Cuts and Jobs Act of 2017 cut the maximum corporate federal income tax rate from 35% to 21%. Furthermore, it “…greatly expanded first-year depreciation write-offs for business equipment additions”, according to a February 2020 MarketWatch article. With seven days until what may […]
The U.S. dollar may soon resume its decline, pushing gold and U.S. equities back to record levels. A negative correlation between the U.S. dollar and U.S. equities may influence the coming US Presidential election. As Ray Dalio poignantly explains in his book, “Principles for Navigating Big Debt Crises,” “…prolonged monetization will lead people to question […]
The Federal Reserve is doing it again. The world’s most powerful financial institution has won the confidence game, taken the markets to within striking distance of all-time highs, and is dramatically declining its daily Treasury purchases. Stanley Druckenmiller told CNBC on Monday that recent market performance has “humbled” him and “that he underestimated the power […]
We hate to be the bearer of bad news, but there is no ‘V-shaped’ economic recovery coming. Not in the U.S., and especially not in Canada. Last week, Canadian Prime Minister Trudeau stated, “. . .We’re facing a unique challenge. But I know that if we pull together, our economy will come roaring back after […]
Mike Maloney outlines in “Helicopter Drops & Biggest Bailouts in History Are Here” where the markets and precious metals may be heading. With WTI crude trading in the mid-$20s, oil demand is collapsing as transportation grinds to a halt. While the energy sector is reeling amid this massive sell-off, miners and other operators are about […]
On January 22nd, 2018, just over two years ago, I published Why the Dow is Heading to 30,000 Under Trump Economy. The Dow closed at 26,071.72 that day. In the two years that followed, the Dow soared more than 3,000 points to close at a record high of 29,348.10 on January 17th, 2020. With the […]
Trump’s economy slows as the Fed prepares to act… […]
The China economy is slowing with auto sales down 17% year over year… […]
As one of the world’s most persuasive promoters, Trump is a master in the art of communication (some might even say manipulation). And like any great communicator, he knows exactly how to get his message across… For Trump, this doesn’t just mean high energy rallies or seemingly “off-the-cuff” interviews–it means utilizing to his advantage one […]
The delay of the Keystone XL pipeline is … […]