The idea that Trump is the second coming of Ronald Reagan is dying a stubbornly slow death, and for an obvious reason. Wall Street desperately needs to believe that the stimulus baton is being handed-off from the Fed and other central banks, which are out of dry powder, to some giant Trump Stimulus consisting of big tax cuts, a trillion dollar infrastructure spendathon, a larger defense budget and still bigger deficits than the $10 trillion already in the pipeline for the next decade.
History's Accidental Super-Keynesian: Why Trump Isn't The Second Coming Of Ronald Reagan
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.