Axios are reporting they have the GOP tax plan
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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Looks promising in the headlines for Corporate America , 20% tax , tax exemption on repatriation of profits held abroad .
Looks less promising for working households : an additional top bracket ” possible” , let’s call that “certain” , many deductions and exemptions “simplified” , call that “scrapped” .
The market has partially anticipated( bought $) this reform plan this week , but cruelly lacks details from the Trump admin on how this is going to create growth, other than the Japanese stimulus style to their Corps by sending free cash( tax-free repatriation) and counting on them to create growth and pay higher wages .
The plan has to be validated and first USD has yet to be repatriated. But it’s a plan, so rather than buying $ right now , I’d be positive risk. Translated into a mildly bullish JPY cross play .