Quote:
Originally Posted by thommy
there is a word for it Reaganomics.
unfortunately president reagan stole this title from trump a long time ago.
but I am sure trump will also become an unforgettable fool in the books of economic science.
https://en.wikipedia.org/wiki/Reaganomics |
Actually thommy, there were 2 words for that...
SMOKE and MIRRORS
Believe it or not, those words were first used to describe reganomics before regan won his party nom by G.H.W. Bush in the primary run off.
LOL
Hey, we all knew the market was over priced, and part of that pricing was justified by those tax breaks, but they are temporary. Any return from that to shareholders in the form of stock buyback is over. the rest will go to CEO's and the board members.
When the dust settles, the dow will probably land around 17k-19k. Not that it might sink more before it settles. That assumes nobody does any more harm.
We can hope for a soft landing.