Parse it and decide for yourself how “bigly” and/or “phenomenal” it is…
Category: tax reform
Previewing The ‘Phenomenal’ – Goldman Tells You What To Expect On Taxes
Behold: the phenomenal.
A Hard Narrative To Ignore…
“Never mind that the tax plan will struggle to get through congress and don’t worry that the Fed might be making a policy mistake. Those are issues for another time, not this week.”
Is This Time Different?
Will this time be different? Or will the “hope” inherent in the latest spike on the purple line fade away just like it has before?
$250 Billion Is Coming ‘Home’! But There’s A Catch If You’re Hoping For A Buyback Bonanza
The “bad” news is, companies will be less inclined to buy back shares with the money they bring home because… well…
‘Chickens Wanted For Epic Showdown’: Rates Vol., Gamma Are Too Cheap!
“…game theory suggests that the North Korean leadership has a strong incentive to bring forward the final phase of the Game of Chicken.”
Presenting: An Indispensable Dollar Checklist
There have been all sorts of labored attempts to explain how this isn’t all Trump’s fault and because nothing is ever entirely attributable to a single factor, those efforts are not totally in vain. That said….
Breaking: September 25 Is The New Date For Abject Failure On Tax Reform
Well, fast forward another five months and we’re supposed to believe that all will be revealed in less than two weeks.
House Passes Harvey Aid Package As Irma Approaches
HOUSE PASSES FIRST HARVEY ASSISTANCE PACKAGE OF $7.85B
HOUSE PASSES BILL TO FUND FIRST TRANCHE OF HURRICANE HARVEY AID
Thank God For Harvey? How A Natural Disaster May Have Averted A Fiscal Disaster
Whatever the case, the assumption here is that this will get done come hell or high water (with the latter having already arrived in Texas and the former well on its way between North Korea and Irma).
Cohn Dispatched To Explain Away Bad Jobs Number, Promises Imminent Tax Reform
WHITE HOUSE’S COHN SAYS JOBS REPORT NOT DISAPPOINTING
WHITE HOUSE’S COHN SAYS WE’RE VERY PLEASED WITH ECONOMY
Mutual Funds Will Do 2 Things: Pile Into Tech, Fade Donald Trump
“InformationTechnology has been the primary driver of above-average fund returns versus their benchmarks in 2017 (Exhibit 5). The average large-cap mutual fund is overweight Info Tech by 144 bp, the largest overweight across all sectors.”
Debt Ceiling: Here’s The Nightmare Scenario
Ok, I don’t know how much figurative “stock” you put in Mitch McConnell’s Monday promise that
Mr. Woo And The Chickens: ‘It’s Not Too Late To Hedge’
“… it is reasonable to think the repricing has not run its course.”
As Trump’s Dow Euphoria ‘Goes Parabolic’, Here’s A Chart He Won’t Like
Indeed, bragging about record highs on the Dow has become a favorite pastime of a President whose other leisure activities include berating lawmakers, painting the free press as the enemy of the people, and saying “thank you!” to Twitter bots that he didn’t realize were fake accounts.
Einsteinian Insanity, The Chicken Dance, And An Autumn Market Top
But we would caution that you have now run out ahead of your fairy godmother…
‘Game Of Chicken’: Why Do Markets Think They’re So Damn ‘Impervious’?
“If the market is underpricing the uncertainty with respect to the outlook of US monetary policy, we are even more concerned that it seems totally impervious to the risk of two potentially disruptive, if not dangerous, Games of Chicken likely to unfold in the summer and the beginning of the fall.”
Will This Be The Longest Expansion In US History? Spoiler Alert: Pray For Tax Cuts
“Beneath this optimism, however, we are struggling with narrowing profit margins and a flattening yield curve. These factors typically occur at the later stages of a business cycle.”
Chances Trump Cuts Taxes In 2017 Plunge By 50% In 3 Months, Betting Odds Show
He was “tired of winning” anyway…
Goldman On Trump: “Prospects Have Deteriorated Much More Than We Would Have Imagined”
“Most recent presidents have been able to enact at least one key piece of legislation in their first year, and occasionally two or three before their first midterm election. This year, it appears unlikely that any of the Administration’s key legislative priorities will be enacted by the fall, and it looks increasingly doubtful that any will be enacted in the first year.”
The Cost Of Trump’s 15% Business Tax Rate: $2 Trillion Or, 28.5 Border Walls
“The upshot is that the 15% business tax rate in the White House proposal could cost almost $2 trillion over 10 years, with about half of the cost arising from plausible income shifting.”
Does This Chart Show The Market Is Too Negative On Tax Reform?
Or it “might be,” that trotting out a double-spaced one-pager that looks like it walked out of a high school student’s Trapper Keeper and calling it the most important tax plan in the history of the country further underscores how truly inept this administration is.
Epic: One Strategist Explains Why This Market Is Like Wile E. Coyote
“A coyote walks floating in the air above the precipice, and it falls only after it looks down and becomes aware of how it has no support beneath its feet – as if it has momentarily forgotten the natural laws its body has to obey, and has to be reminded of them.”
Confused About Trump’s Tax Plan? Goldman Has Your Back With A Handy Q&A
“This suggests that tax legislation is unlikely to become law before Q4 2017. While enactment shortly before year-end is a clear possibility, we believe it is more likely to become law in Q1 2018.”
Trump’s “Phenomenal,” “Massive,” Tax Plan: Main Points
Well, here it is. A proposal. You decide how “phenomenal,” “massive,” “bigly,” etc. it is and, more importantly, how likely it is to fly on Capitol Hill.
Today’s Word Is “Bigly”: Here Comes Trump’s Terrific, Tremendous, Tax Plan
Today’s word is “bigly.” No wait, “phenomenal.” No wait, “massive.” Yeah, that’s it. “Massive.” All
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