Thursday , April 25 2024
Home / Mike Norman Economics / Edward Harrison — Trump’s working class sellout, tactical nuclear weapons, government shutdown, tax reform and immigration

Edward Harrison — Trump’s working class sellout, tactical nuclear weapons, government shutdown, tax reform and immigration

Summary:
Since Donald Trump became US president, his core economic agenda has been sidetracked repeatedly by so-called cultural issues. However, now the administration is stepping up its tax reform effort. Even so, other issues threaten to derail this agenda item too (like nuclear war on the Korean Peninsula!). Of course, it’s not even clear we’re talking about tax reform here. Much more likely, Trump has sold out and is now merely pushing for tax cuts for the wealthy. Nevertheless, the risk to the economy of failure is not that big. And the risks of a government shutdown have receded due to Hurricane Harvey. Now, the real risk is a military confrontation in Korea. Thoughts below…. Credit Writedowns Trump’s working class sellout, tactical nuclear weapons, government shutdown, tax reform and

Topics:
Mike Norman considers the following as important: , ,

This could be interesting, too:

Mike Norman writes We Are All MMTers Now — John Furlan

Mike Norman writes Biden’s Foreign Policy Teams Hints at War with China, Conflict with Russia — Alan Macleod

Mike Norman writes The (possibly lost) Coronavirus Opportunity — Pablo Pardo

Mike Norman writes Trump Budget Seeks Deep Non-Defense Appropriations Cuts, in Break With Bipartisan Agreement — David Reich & Jennifer Beltrán

Since Donald Trump became US president, his core economic agenda has been sidetracked repeatedly by so-called cultural issues. However, now the administration is stepping up its tax reform effort. Even so, other issues threaten to derail this agenda item too (like nuclear war on the Korean Peninsula!). Of course, it’s not even clear we’re talking about tax reform here. Much more likely, Trump has sold out and is now merely pushing for tax cuts for the wealthy.
Nevertheless, the risk to the economy of failure is not that big. And the risks of a government shutdown have receded due to Hurricane Harvey. Now, the real risk is a military confrontation in Korea. Thoughts below….
Credit Writedowns
Trump’s working class sellout, tactical nuclear weapons, government shutdown, tax reform and immigration
Edward Harrison
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *