everyday we hear the same commentary of higher interest rates due to strong economy & low unemployment (rather than higher interest rates due to greater difficultly in attracting buyers for US govt bonds to service the growing govt debt from military budget, tax cuts and crappy economy)
the commerce secretary Wilbur Ross said a few months ago the non-working people of working age is 38%
official unemployment rate only reflects those actively looking for work rather than the drop outs
higher interest rates due to the Trump tax cuts and higher oil prices due to economic war against Iran (so Saudi Arabia can recoup its billions of $$$$ in losses over its failed regime change attempt in Syria) are the two factors that will reduce corporate earnings & consumer spending and potentially kill the Trump rally
you can't play games with the economic rules by making massive tax cuts when govt debt keeps escalating
Trump is just as bigger kook as Obama or Bush
40% corporate tax cut in a socialist state such as the US
self-serving corruption
australian banks rely heavily on overseas fundings. despite the Reserve Bank trying to play the low interest rates game. banks will have to raise rates due to overseas funding costs
personally, i currently hold 30% shares, 3% shorts and 67% cash
