Quote:
Originally Posted by jyl
The bulls think GDP is going to accelerate to 3%+. I don't see it. Most of the (huge) corporate tax cut is going to share buyback, corprate debt paydown, M&A. These aren't especially stimulative activities for the economy, although they stimulate investors. Temporarily.
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This is exactly what I have been thinking. Corps up till now have been sitting on their large profits and not investing in increasing capacity. So what is going to change their outlook? TRUMP? Pffft.