As we wrote recently, high tax states like NY, CA, CT, NJ, MA, IL and others are starting to feel the new tax law's impact. Governor Andy Cuomo went to the White House hat in hand to beg for the increasing of the SALT deduction (It was unlimited but the law reduced it to 10k per annum). He's looking at a $2.3 billion hole in his budget directly attributable to it. Good luck there. President Trump suggested he look at reducing high taxes, now there's a novel concept. 

We mourn the passing of Prince Leonard, who took on the Australian central government when they tried to put his farm out of business. He started the province Hutt River which the government refused to recognize. Once, for three days, he declared war on the state. Hopefully his spirit will carry on and a new generation of Aussies will continue the fight. 

Direct download: TLR_466_13.Feb.19.mp3
Category:general -- posted at: 12:54pm EDT

Ed Moya believes that the trade war will be ending soon. While Trump might not get everything he's looking for there will be substantial changes in the relationship that will be beneficial for the US. Look for higher ag and energy exports and perhaps some movement on IP and Tech as well. Of course there will be compromises but overall this should result in improved stock market performance. While earnings growth has headed downward recently, it could accelerate for certain sectors once a deal is completed. There won't be any more government shutdowns and let's see what happens with the next debt ceiling increase. 

Direct download: Ed_Moya_13.Feb.19.mp3
Category:general -- posted at: 12:47pm EDT

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