And the ABC...!
You got Time and Newsweek!
Well, they're the same to me!
Now don't you wanna get right with me?
I hope you get everything you need
Done hardened in your heart.
Talking Heads, Puzzling Evidence
The Nasdaq big cap techs have powered up to a new all time high. Looking a little parabolic there guys, even if the prospects of repatriating all that cash stashed in overseas tax havens can come back to your pockets for acquisitions, dividends, and stock buybacks.
Alphabet, the behemoth formerly known as Google, has about $50 billion in cash sitting overseas.
I happened to notice today the the year over year growth in the MZM money stock has fallen to its lowest level since it bottomed in 2010 in the aftermath of the financial crisis.
There is a lot of liquidity out there. Apparently it is not making it into the hands of ordinary people. I wonder where it all is.
The Republicans are looking to fund major tax cuts for corporations and the wealthy using deficit spending.
I think the plan is to let the deficits grow, and then go after spending on the kinds of things that do not benefits corporations and the wealthy, like medicare, social security, and the social safety net. Wait for it.
Gold and silver were quiet even in the post option expiration as it was risk on.
Have a pleasant evening.