Quote (ofthevoid @ Aug 2 2017 03:36pm)
Wtf did i just read.
Assuming he's right and the bubble exists, just because he runs on a platform of deregulation, lower taxes & more gov't spending (the good kind of spending, infrastructure) does not mean he's inflating the stock bubble. That's an impressive reach mate.
What would you have him do? Promise more regulation, more taxation because i'm sure companies are far more likely to invest, hire, grow this country's GDP in that climate right?
From what i'v heard from experts is that there is a ton of cash on the sidelines and any dip is met with immediate buying. Trump isn't forcing investors to buy, they themselves choose to keep the market at this level.
I have a large detailed plan for what I'd do, shocker shocker it doesn't include cheering on bubble growth. My plan would include things from fed changes to starting UBI development, which will cool off investor confidence a bit without bursting as it comes with a dedicated tax increase to corporations in the form of an automation tax. And I'd reference the bubble publicly rather than flip flopping like a bitch to gain cheap short run political points.
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