Oscar Reed
Senior member
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Last minute holiday profit taking - only for those not on massive Xmas bonuses !
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Last minute holiday profit taking - only for those not on massive Xmas bonuses !
Many thanks for stepping in Atilla, Thought we might loose the weekly comp for a minute back there...I was going to say best of luck all but we know there is absolutely no luck involved in this skilful forcasting by what can only be described as the Elite....:whistling
I predict stock market will soar much higher in 2018.
Thanks to President Trump's tax break/reform and the better economy.
Peter
Haven't read the text but commentators think the rich should be happy with it.
It's good to see Wacky go from being a perma-bear to becoming a perma-bull. I'm sure Trumpism must have had some effect on his psychie.
Trumpism making me a wealthy man! My trading and retirement account are flying high!
Peter
I'm happy for you Wacky but I'm struggling with the national debt.
Without balanced books I hear estimates varying between 1.2 - 3 Trillion addition to national debt.
Most beneficiaries will be the top 1% who already have much cash. Trickle down economics is exactly what it will be. The benefits any low income, pensioners and shareholders receive will be in limited in contrast to what those at the top slice off that give away.
US is already a country where income distribution is very skewed and that'll continue. Skewed income distribution is not good for national growth, happiness or creative talent to thrive.
I fear we are seeing the seed bed laid for the demise of the dollar standard. Considerably more Fed hikes will be required soon enough.
Not much point giving everyone tax breaks unless you deal with the other side of the coin. If tax breaks are the incentive to get everyone working, then you need to cut all the welfare programmes to balance income v expenditure.
Without balanced books I hear estimates varying between 1.2 - 3 Trillion addition to national debt.
Most beneficiaries will be the top 1% who already have much cash. Trickle down economics is exactly what it will be. The benefits any low income, pensioners and shareholders receive will be limited in contrast to what those at the top slice off that give away receive.
US is already a country where income distribution is very skewed and that'll continue. Skewed income distribution is not good for national growth, happiness or creative talent to thrive.
I fear we are seeing the seed bed laid for the demise of the dollar standard. Considerably more Fed hikes will be required soon enough.