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"The market is whistling past the graveyard."

By HEYYOU following x   2018 Mar 12, 11:39pm 366 views   1 comments   watch   sfw   quote     share    


"They passed this ridiculous tax cut that no one can really afford. I think the die is cast. We are drifting to – if you don't want to call it an 'iceberg' – call it a 'debtberg.' That's what we have in front of us," Stockman said.

"You're going to have a massive yield shock, and that will offset S&P [500 Index] earnings and almost all of the effect of the tax cut," Stockman said. "People are not factoring that in. It's kind of a skunk in the wood pile that everybody is ignoring."

https://www.cnbc.com/2018/03/08/david-stockman-market-is-whistling-past-the-graveyard.html?__source=sharebar%7Cfacebook&par=sharebar
1   CBOEtrader   ignore (2)   2018 Mar 13, 1:17am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Yes there are ramifications for keeping rates at less than 1 % for 9 years.




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