The big news this week turned out to be somewhat anti-climactic, as congressional Republican leaders and Trump administration officials finally gave us the skinny on their tax reform proposals. While there weren’t the nitty-gritty details in the plan that policy and tax wonks (myself included) would have liked to have seen, the proposal did go
This week’s big market news was somewhat anti-climactic, as Congressional Republican leaders and Trump administration officials finally gave us their big tax reform reveal. While there weren’t the nitty-gritty details in the plan that policy and tax wonks (myself included) would have liked to have seen, the proposal went further than I thought it would
There’s an old saying in the literary world that a man’s life is incomplete until he has tasted love, poverty and war.
What the Tax Cut Plan Means for Markets Question: What’s been the biggest driver of stocks since the election of Donald Trump as the 45th president? Answer: The hope of tax cuts. Today, that hope got a little bit closer to reality, as Republican congressional leaders unveiled their plan to reform the tax code. Long-time
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This week’s market action was dominated by a combination of geopolitics, the Fed and the return of the “reflation trade.” On the geopolitical front, we had more bellicose ranting between the United States and North Korea. Hey, if I could find a way to harness the energy of the bluster coming from both sides, we
I must admit that I am the type of person who distrusts those in power. In fact, what I distrust most is the motivation to want power, the power over others and the ability to control society via a particular political, social or metaphysical viewpoint. It is my inherent distrust of this control motivation that
If you’re into baseball, you almost certainly know about the remarkable run of consecutive wins that the Cleveland Indians just mounted. An incredible 22 straight victories; just four games shy of the century-long record of 26 consecutive wins held by the 1916 New York Giants. Now, I must admit I’m not a huge baseball fan,
Baseball fans recently have been treated to something that doesn’t happen very often, and that is the remarkable winning streak put together by the Cleveland Indians. Last night, the team won its 22nd consecutive game, and they did so in dramatic fashion with a 3-2 victory over the Kansas City Royals that included a walk-off
Don’t Call the Government When the Levee Breaks Natural disasters just plain suck. Mother Nature is a cruel matriarch, and she doesn’t much care about you, me, or any of the human structures we’ve erected to help combat her occasional wrath. Indeed, Mother Nature’s caprice and cruelty were on full display over the past couple
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