Personal income-tax cuts would immediately stimulate consumption, which comprises two-thirds of economic activity.
Lower corporate tax rates, meanwhile, could flow straight to the bottom line, providing a further boost to many stocks. Moreover, corporations probably would be able to use more of the $2 trillion-plus they’ve squirreled away overseas under a Trump regime to buy back stock and dole out dividends.
Even twitter rows with foreign leaders iare good news
If that created the specter of military confrontation, then all bets would be off and geopolitical risk would skyrocket. Even in that scenario, however, it’s not as though the world can offer up a bounty of safe alternatives to the mighty U.S. dollar.