Trevor Morley's Tache
Well-Known Member
Carl Icahn approves this message.plenty of his lot have made a bit on shorts and inside information.
Carl Icahn approves this message.plenty of his lot have made a bit on shorts and inside information.
Certainly?Id say he was certainly before all the coronavirus broke out.
Can't say i have checked since.
Certainly?
I'm not sure you've been paying attention, but that's for another thread.
If you are talking about the markets, they maybe you have a point, but that buoyancy was in spite of him, not because of him.Have i not? ok
Thought so.Id say he was certainly before all the coronavirus broke out.
Can't say i have checked since.
If you are talking about the markets, they maybe you have a point, but that buoyancy was in spite of him, not because of him.
The tax cut for the rich and big corporations was about as self-serving as you can get. It was blatant pocket lining for him and the people who spend money on his tacky Trump Tower condo's and bed bug ridden hotel rooms at his golf resorts.Trump injected a fairly massive fiscal stimulus when there was ne need for one via his tax reforms. He would argue that he was sorting out the broken tax system but what he did was basically cut taxes for big corps and wealthy families for no solid reason. He created a massive jump in the deficit in doing it and artificially boosted the markets. It was the sort of measure that you would do in a time of crisis, having done it you can't do it again without getting in to even more deficit problems. He has also been calling for a rate cut by the FED throughout his presidency again for no good reason - at least they are independantly set so they were able to cut them this month when they need to be cut. In summary Donald was throwing petrol on the fire when it was roaring - now its dying back there is less to throw on.
Warren Buffet would be advising you all to buy stocks now if you have spare capital. That is what I will be doing.