Because past efforts to accelerate consumer spending have failed, Beijing has begun to consider more radical changes, including an alteration in the tax code.
Stocks (and gold) shot up in response to Powell’s talk, and Treasury yields declined in the wake of his comments, so let’s hope he follows through on this view.
Based on hopes of the Ukraine war ending – plus other factors – the major stock indexes are up an average of 2% in 1st half of August – normally a weak month.
Because past efforts to accelerate consumer spending have failed, Beijing has begun to consider more radical changes, including an alteration in the tax code.
Stocks (and gold) shot up in response to Powell’s talk, and Treasury yields declined in the wake of his comments, so let’s hope he follows through on this view.
Based on hopes of the Ukraine war ending – plus other factors – the major stock indexes are up an average of 2% in 1st half of August – normally a weak month.