"The Treasury Secretary pick is a really important one for investors, so getting it right matters," says @DanCliftonStrat as names continue to swirl around Trump's nominee. "Those are not perfect picks, but I think it's shaping up to be one that's going to be market-friendly."
https://t.co/S1PvCZbJAo
.@DanCliftonStrat gives the final keynote of the day at #OrionAscent on “The 2024 Election in an Era of Shifting Monetary, Fiscal, and Geopolitical Frameworks”
👀🗳️ @orionwealthtech
CNBCFastMoney: Business on the ballot in 2024?
@DanCliftonStrat@StrategasRP shares the election’s impact on the market, as America awaits the results from the New Hampshire Primary.
A number of Republican presidential candidates are currently or previously governors. Strategas looked at the spending records of each of the governors to see which governors increased or decreased the size of government during their gubernatorial terms. Chart below
A bit contrarian to the current news cycle, but consumer spending on prescription drugs is at its lowest level on record, less than 0.25% of personal income. Consumer spending on prescription drugs is also at its lowest level as a % of total out-of-pocket healthcare spending.
Just about every state and CBO underestimated the drop in capital gains this year. Virginia understood the risk and planned for the drop accordingly. Proper fiscal management. Virginia continues to see higher general fund revenues than projected https://t.co/TU5dNkJ3Ji
Federal spending is a full 5% of GDP above its historical average. Historically when federal spending exceeded its historical average, the debt ceiling (marked in yellow) was used to normalize spending. This was true in the 80's, 90's and 2011.
Not true. States that will have the most trouble are the states that permanently increased spending w/temporary federal aid & capital gains taxes. High tax states will be in far more trouble later this year compared to the income tax cutting states. Happening already per chart