US : The vote on tax reform will take place around 18h :

Yesterday's vote of the US tax reform ("tax reform") did not constitute yesterday a powerful catalyst on the markets. The news has largely been ignored. Everything was already integrated in the courses.

But note however that US representatives will have to return to vote today at noon Washington (18H Paris time). Indeed, the Senate is still worried about the budget deficit that this reform will entail. Debts, always more debts. Donald Trump has no choice but to bequeath this burden to future generations. He does not even believe that climate change is a reality. After me, the deluge ...

Maybe the markets will react today but it is unlikely.

As a reminder, this reform will raise the corporate tax rate to 21% against 35% previously. Soon the world's most economic grade will turn into a tax haven ...

This hole in tax revenues will not get better with the increase in the Fed's key rate. And we bet that companies will not suddenly hire more but rather redistribute all this money to their shareholders with a widening of inequalities at the key. The United States is already the most unequal country in the world ...



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