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Msir

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24/05/17

11:35

Post #: 24879267
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Originally posted by Martin Gifford ↑

Gee, slim pickings out there. Everything is just gapping up after announcements, then falling from there. It's like the GFC.

Anyway, it seems Trump is in trouble again. This time it's for a $2 trillion double accounting maths error. I wonder if this will have an impact on market confidence in the US which could follow on here?:

"One of the ways Donald Trump’s budget claims to balance the budget over a decade, without cutting defense or retirement spending, is to assume a $2 trillion increase in revenue through economic growth. This is the magic of the still-to-be-designed Trump tax cuts. But wait — if you recall, the magic of the Trump tax cuts is also supposed to pay for the Trump tax cuts. So the $2 trillion is a double-counting error."

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Couldn't agree more...absolutely no momentum about...it feels like the GFC however, the markets just keep pushing higher!!

Are we witnessing the greatest game of musical chairs in history?
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