Clipped Wings: Trump Tax Cuts Slow New Income to Main Street

The Trump tax cut had two primary purposes: 1) political: to make Trump seem like he is “pro-business”, and 2) economic: to give free help to already overvalued stock portfolios, to delay the collapse of the current bubble. The single most salient fact about the Trump tax cut was largely ignored by those who passed … Continue reading Clipped Wings: Trump Tax Cuts Slow New Income to Main Street

A Bubble too Far

Property pricing boom is putting pressure on entire world economy LONDON — In the summer of 2005, the Economist magazine led with a story entitled “After the Fall”. The article discussed in detail the problems inherent in what appears to be the most expansive boom real estate has seen since records began, and of all markets … Continue reading A Bubble too Far