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re: Trump Tax Windfall Going to Capex Way Faster Than Stock Buyback, largest capex in 7 years
Posted on 5/3/18 at 8:30 am to 90proofprofessional
Posted on 5/3/18 at 8:30 am to 90proofprofessional
quote:
well jeez bengal, it's not like i'm arguing that tax cuts don't have benefits here. but if they don't accrue far and away towards big increases in investment
Bjit the initial data, i.e. this thread, suggests exactly that.
Come on man
Posted on 5/3/18 at 8:58 am to CptBengal
quote:
Bjit the initial data, i.e. this thread, suggests exactly that.
Come on man
first, we already have other data- official and comprehensive data- on monthly y/y wages and quarterly y/y investment, and they suggest ho-hum for such a yuge tax cut. (they actually suggest ho-hum for this point of a business cycle even if there weren't a tax cut!)
second, this data isn't great because as i have pointed out, it is nonrepresentative and presented in a suspiciously arbitrary fashion that doesn't take into account or even mention the relative size of each, or recent trends. but it purports to compare capex to other uses for the windfall anyway.
tbh this looks very much like a reach for comforting news, and the victorious tone of the writeup despite that makes it look sundance-quality
This post was edited on 5/3/18 at 9:01 am
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