Thursday, February 1, 2018

Thanks Trump: Debt Out the Wazoo

(ht David Stockman)

Thanks to President Trump's goofy tax cut that will put about an additional $30 a month into the average workers' paycheck, debt is going to soar, as are interest rates, Bonds and the stock market will collapse. Thus, because the tax cut is not accompanied by cuts in government spending, the $30 per month gain will be balanced off by thousands of dollars in portfolio losses in retirement accounts, general portfolios, etc.


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