Market Witch is a Compendium of Theory, Context, and Information About the Equities Markets and the Factors Which Affect Them.

November 2017: Are Things Getting Any Better?

There's not much forward motion out there. And a lot of just plain backsliding.

Any further progress on the Trump agenda to restore American middle class and blue-collar prosperity -- a lower corporate tax rate, a tax cut for the middle class, the wall, the end of sanctuary cities etc -- will have to wait til after the 2018 mid-term elections, when incumbent anti-Trump Republicans will lose seats to conservative populists (with the help of Breitbart and Steve Bannon) and the anti-Trump Democrats will lose additional seats in both houses.

A planned Trump tax package -- in the works since before the election -- could transform the US economy. It would revitalize the already-starting-to-boom economy, raise incomes for the poor and the beleaguered blue collar and white collar middle class, and simplify an outrageously complex tax structure.

The Democrats are dead-set against this tax structure change because America's well-off will benefit, too, especially from a lowered corporate tax rate: from 35% the developed world's highest corporate tax rate to around 15-20%.

What most people don't understand is that the ordinary Joe and Jane are the ones who pay for those taxes with fewer jobs, lower wages, higher prices and one of the lowest economic growth rates in USA's recorded history.

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