With Trump promising to reduce the US company tax to 15%, I think people are underestimating how much of a rocket this will put into the US economy, and therefore, energy consumption worldwide. Coal stands to benefit.
Countries that compete with the US for investments will have to follow suit in some way or other. Australia is a high taxing economy with all sorts of stupid red and green tape costs on top of the higher corporate tax rate. To paraphrase Elon Musk about California, all the red and green tape makes everything illegal there. Australia is the same.
If Trump gets the lower tax rate, reduces red and green tape, Musk cuts $1-2trillion from the US budget, it's going to be a beautiful thing to watch what the world does. Every lefty greenie is going to freak out.
Whatever happens, we're in for a hell of a ride with Trump! I'm up for it.
WHC Price at posting:
$6.69 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)