The glue keeping the world together and why capitalism works…..The blowout numbers on job creation in the US economy demonstrates that the USA is indeed holding up the world right now. The U.S labor market in May came in with Non-farm payrolls up 223,000. The unemployment rate now matches April 2000 coming in at 3.8%.
Cutting taxes creates private jobs and creating the incentive to bring the money home will boost the domestic economy in the USA.
US tax receipts are higher YOY in spite of tax cuts and Russell 2000 ( small caps)put a new all time yesterday ….ironically shanghai set a new 2018 low yesterday