Now that the Senate has passed big changes to the U.S. tax code, it may be worth considering a blasphemous question: Do corporations need a tax cut? The bill, which now must be reconciled with the House version, would permanently slash the corporate tax rate to 20 from 35 percent and temporarily lower individual taxes.
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If you’ve been wondering where investor euphoria is, look no further than Bitcoin – about 13 million people around the world are cheering Bitcoin 10,000. Oh sure, US stocks are now in the second longest bull market on record (the longest was 1982-2000), but there seems to be a missing element to the current stampede: all-out excitement. Remember the late 1990s, when everyone was talking about stocks? It certainly doesn’t feel that way today. In fact, investors who call into my podcast and radio show seem to be more concerned about the downside, then the upside.
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