Wednesday, March 8, 2017

Laffer: GOP health worth 2,000 - 3,000 on DJIA


Laffer on board with Trumpcare. He's probably right if the refundable credits would add $100B's to annual leading USD flows.





7 comments:

lastgreek said...

Just came across this:

Trump adviser Carl Icahn is betting against the Trump rally

March 7, 2017

http://money.cnn.com/2017/03/07/investing/carl-icahn-betting-against-trump-rally/index.html?sr=twmoney030717carl-icahn-betting-against-trump-rally/1005PMVODtopLink&linkId=35219182

(via Doug Henwood's twitter)

Noah Way said...

Voodoo economics.

Matt Franko said...

The voodoo is focusing on the tax cuts and then what you think that would do to "the deficit!"...

Laffer always focuses on the tax cuts in this regard...

Noah Way said...

Wall St. is voodoo economics.

> 60% is owned by the top 5%, 53% of the population owns none. It's a perfect echo of economic inequality. That's without talking about valuations in the hundreds of billions on "businesses" that have never made a penny, insider trading by congress, lobbying, tax dodges, etc., etc., etc.

lastgreek said...

Dorothy Rice, Pioneering Economist Who Made Case for Medicare, Dies at 94
https://www.nytimes.com/2017/03/04/us/dorothy-rice-dead-government-economist.html?smid=tw-share&_r=0

Andy Slavitt‏ @ASlavitt Mar 5
Before Medicare, 1 in 3 seniors was living in poverty. Today that's less than 1 in 10.... Thank you Dorothy Rice

Michael Norman said...

I would fade Laffer every time. I remember speaking at a conference where he was also speaking. This was back in 2008 or 2009. He said the best investment is "Europe."

John said...

"Trump adviser Carl Icahn is betting against the Trump rally"

The treasury secretary is betting against...er...hang on a second... I remember now, Carl Icahn isn't treasury secretary! Uncharacteristically, Trump wasn't being completely honest when he claimed Icahn would be his treasury secretary. Who'd have thunk it?