Tuesday, July 18, 2017

Trumptopia: Take From The Poor, Give To The Rich

Despite the fact that U.S. wealth and income inequality is the worst since 1929 and growing continually worse by the day, more is never enough for the .01%...

"We make money the old fashioned way, money printing and bailouts"



"You take a trillion dollars of ObamaCare to move those tax dollars down by a trillion dollars"

Fortunately, Republicons' latest attempt to strip the working poor of healthcare was just imploded - by their own party. Sadly and pathetically, it only failed because Rand Paul was holding out for a "better" option to strip everyone of their healthcare. Where would we be without the Genghis Khan branch of the party...

This is the fourth attempt to repeal Obamacare:




Unfortunately, global markets are not impressed with Trumptopia, since overnight, USDJPY lost significant altitude when the third attempt collapsed. Markets are now discounting no tax cut for billunaires. Today's gap down open was a tad bumpy, but not enough to get any zombie's attention. Once the BOJ and ECB meetings are out of the way this week, that should change...