https://www.youtube.com/watch?v=tuvb-ZmUyVk
Printable View
Something to keep an eye on.
https://www.theguardian.com/us-news/...ax-break-lobby
Maybe it is just me not following the US tax situation closely. But I found that Guardian article incredibly difficult to follow. I knew about the Trump era corporate tax cuts reducing the US corporate tax rate from 35% to 21%. But obviously there were a whole lot of things that went along with those tax cuts of which I was unaware. It sounds like everybody wants more money via the tax system. But is it likely to happen, or unlikely to happen?
The article hints that there was a 'democrat sweetener' tied to the tax cuts, with what was originally termed a 'Covid relief package' and had been used to expand the size and accessibility of the federal child tax credit, which provides assistance to low-income families with children. But that wasn't 'offsetting' anything. It just meant that the US government was getting less money from the corporates while giving more money to the less well off. I.E both 'sides' were net spending more. The article says the low income assistance has expired, but now the corporates claim that further tax relief is urgently required for business. If more tax cuts go through (Republican wish), or more money is directed towards the less well off (Democrat wish) it sounds like higher interest rates for longer to me.
Have I interpreted that article right? Or have I completely missed the point?
SNOOPY
I don't like the mid-Dec to mid-Jan market, esp so in NZ, they're distorted by typically low volumes and extreme movements, and the charts show this every year, trading movements are not to be trusted during this period.
From the 15th and certainly after 22nd, most or all of the instos, funds, brokers, will all be back and looking for their commission, the markets will normalise trading and we will find out whether the volatile xmas period was real or another contrived and unreliable indication that most years past have been.
All the best to everyone in investing in 2024, I think we deserve a break after a truely volatile and unpredictable past three years.
Reply to post 18030
Tent city established in Brisbane. Authorities not moving the people on because they know they have nowhere to go.
200,000 immigrants was average number of immigrants to Oz in a pre-pandemic year. 240,000 was the peak. Last year it was 518,000. Plus the interstate population drift to Queensland is exasperating the situation. Oz government has a new policy of reducing immigration. A portent of what is to come in NZ?
SNOOPY
Hang on, aren't extreme movements exactly what we should pray for as investors?
Deserve a break from volatility and unpredictability of the last 3 years? What? Man without the volatile and unpredictable last 3 years my net worth would be half of what it currently is.
I and any serious investor should be praying for massive historically unprecedented volatility....
You are saying that what we want is predictable and stable markets, this would be hell for investing.
I respect your posts and would be very interested in your reasons for;
a) not liking the low volumes and extreme movements
b) wanting a break from th volatility and unpredictable last 3 years.
For me this would be death.