| | | Health care reform, given that it's nearly 20% of GDP, needs to get done first before there really can be any meaningful tax reform.. Otherwise, it risks blowing a hole in the Federal Budget..
And given the issues on the Korean Peninsula, and pretty much the fact that no one seems to be able to get Kim 3.0 under control (or that China is using Kim to prevent Trump from enacting trade restrictions against Bejing), should a conflict break out there, it's going to be expensive (both in blood and treasure) in a way that we haven't seen since WWII.. And it has the potential to get WAY out of control, with a lot of unforeseen consequences to global trade and finance.
People often forget that we suffered the same number of dead during the Korean conflict, in 3 short years, than we did during all of the Vietnam conflict (14-20 years depend on how we count the first US casualty)..
And then, France and this election is up for grabs.. Which means, should Le Pen be elected, there will be a FREXIT, and likely re-valuation of it's sovereign debt.. which is collateral for possibly $50-100 TRILLION in derivatives)..
zerohedge.com
Hawk |
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