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Tax Reform Passes The Senate and Long Term Yields Moving Higher

Cory
December 20, 2017

Chris Temple joins me today to shares his thoughts on the tax bill passing the Senate and recent moves in yields around the world. We have discussed the tax bill a lot over the past couple weeks and even though we think it is a watered down version it is now one step closer to being signed by Trump. As for yields, the long end has been moving up and is close to a 9 month high. These moves could be telling us we are in for a higher yielding environment next year.

Click here to visit Chris’s site for more market, economic and political commentary.

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Discussion
23 Comments
    Dec 20, 2017 20:50 AM

    I think I agree with everything Chris said but would just add that corporate tax cuts are much better for everyone than politicians will ever admit. Taxes are a cost of doing business, and, therefore, impact both the employee (wages; job availability) and the consumer (prices).
    Perhaps the timing of the tax cuts has something to do with mitigating the effects of the accelerating price inflation that is coming soon. Businesses will now have a little room to keep wages and hiring up while keeping prices down.

    Dec 20, 2017 20:42 AM

    WikiLeaks Lawyer’s Office Stormed In “Professional Operation”; Assange Then Tweets Video With Seth Rich Hint

    “Julian Assange, I saw with my own eyes, intimate on an interview that the person who did that download… …he intimated that their source could have been Seth Rich.”

    http://www.zerohedge.com/news/2017-12-20/wikileaks-lawyers-office-stormed-professional-operation-assange-then-tweets-video-se

      Dec 20, 2017 20:05 PM

      McCabe draws blank on Democrats’ funding of Trump dossier, new subpoenas planned

      EXCLUSIVE: Congressional investigators tell Fox News that Tuesday’s seven-hour interrogation of Deputy FBI Director Andrew McCabe contained numerous conflicts with the testimony of previous witnesses, prompting the Republican majority staff of the House Intelligence Committee to decide to issue fresh subpoenas next week on Justice Department and FBI personnel.

      While HPSCI staff would not confirm who will be summoned for testimony, all indications point to demoted DOJ official Bruce G. Ohr and FBI General Counsel James A. Baker, who accompanied McCabe, along with other lawyers, to Tuesday’s HPSCI session.

      The issuance of a subpoena against the Justice Department’s top lawyer could provoke a new constitutional clash between the two branches, even worse than the months-long tug of war over documents and witnesses that has already led House Speaker Paul Ryan to accuse DOJ and FBI of “stonewalling” and HPSCI Chairman Devin Nunes, R-Calif., to threaten contempt-of-Congress citations against Deputy Attorney General Rod Rosenstein and FBI Director Christopher Wray.

      “It’s hard to know who’s telling us the truth,” said one House investigator after McCabe’s questioning.

      Fox News is told that several lawmakers participated in the questioning of McCabe, led chiefly by Rep. Trey Gowdy, R-S.C.

      http://www.foxnews.com/politics/2017/12/20/mccabe-draws-blank-on-democrats-funding-trump-dossier-new-subpoenas-planned.html

    AJ
    Dec 20, 2017 20:04 PM

    Dozens of lawmakers stand to reap a tax windfall due to a GOP loophole
    https://www.cnbc.com/2017/12/20/dozens-of-lawmakers-to-reap-tax-windfall-from-last-minute-gop-loophole.html

    AJ
    Dec 20, 2017 20:07 PM
      Dec 20, 2017 20:22 PM

      It’s funny (not really) how the left never calls out the central bank for being the greatest generator of income inequality. There are two good reasons for this and the first/most important one is the most obvious: decent lefties don’t understand economics (if you understand economics but remain on the left, you’re not decent). The second is that the left needs the central bank to carry out its kleptocratic foolishness (and the central bank needs the left to justify its existence).

      https://mises.org/library/how-central-banks-cause-income-inequality

        Dec 20, 2017 20:47 PM

        Great and true point!

        Dec 20, 2017 20:47 PM

        +1

    b
    Dec 20, 2017 20:32 PM

    Might be the point of it.

    Dec 20, 2017 20:46 PM

    I wish we had abolished the capital gains tax. Even socialist Sweden does not tax capital gains if you reinvest the proceeds.

    Dec 20, 2017 20:16 PM

    Rhodium……..$1530……..to the moon………

    Dec 20, 2017 20:34 PM

    Trump Threatens To Cut Foreign Financial Aid Over Upcoming UN Jerusalem Vote

    Trump: “They take hundreds of millions of dollars and even billions of dollars, and then they vote against us. Well, we’re watching those votes. Let them vote against us. We’ll save a lot. We don’t care.”

    http://www.zerohedge.com/news/2017-12-20/trump-threatens-cut-foreign-financial-aid-over-upcoming-un-jerusalem-vote

    Dec 20, 2017 20:53 PM

    Trump signs executive order to expand critical minerals production, says it will end America’s ‘vulnerability’
    By Juliet Eilperin December 20, 2017

    https://www.washingtonpost.com/news/energy-environment/wp/2017/12/19/zinke-wants-to-expand-critical-minerals-production-saying-we-are-vulnerable-as-a-nation/?utm_term=.ee9f1c3476a4

    Dec 20, 2017 20:57 PM

    How Electric Vehicles Could Sink the Texas Grid
    Analysis shows why utilities need to think hard about future energy systems.

    JASON DEIGN DECEMBER 19, 2017

    https://www.greentechmedia.com/articles/read/how-electric-cars-could-sink-the-texas-grid

    Dec 20, 2017 20:59 PM

    Pinawa eyes nuclear-powered future
    Town in talks with small modular reactor industry to become demonstration site

    Bill Redekop – 12/20/2017

    https://www.winnipegfreepress.com/business/pinawa-eyes-nuclear-powered-future-465364263.html

    Dec 21, 2017 21:33 AM

    Gold managed to take back the 200 day MA today but has also arrived at other resistance. We’ll know what that resistance is made of tomorrow…

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=1&dy=0&id=p27956794933&a=524385264

    Dec 21, 2017 21:28 AM
    Dec 21, 2017 21:41 AM
    Dec 21, 2017 21:51 AM

    Gold gapped up big versus the 30 year T-bond this week.

    Gold:$USB weekly:

    http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24USB&p=W&yr=6&mn=3&dy=0&id=p99930796321&a=371814669