Trumps tax cuts bring in the biggest repatriation fee in US history from Apple.

[Remodeling Maidiac]

Hopefully this is just the tip of the iceberg. If many more companies with this kind of cash locked away overseas bring it back, we could see the biggest booming economy since the tech boom.

 

[Checkerboard Strangler]

And if Apple commences mass layoffs AFTER their repatriation and hiring boom?
Seems that's the way these booms have played out so far.

 

[Slade3200]

Hopefully this is just the tip of the iceberg. If many more companies with this kind of cash locked away overseas bring it back, we could see the biggest booming economy since the tech boom.

Can you link to details of what you’re speaking about?

 

[Remodeling Maidiac]

Hopefully this is just the tip of the iceberg. If many more companies with this kind of cash locked away overseas bring it back, we could see the biggest booming economy since the tech boom.

Can you link to details of what you’re speaking about?

Apple's announced plans to bring back profits from overseas.
CNBC estimated the amount they would likely pay the US Treasury and this evening itcwas being discussed on CBS talk radio.

 

[Checkerboard Strangler]

Of all the corporate boomlets that revolve around Trumponomics, at least Fiat-Chrysler is honest.
Yes, the CEO praised the Trump tax cuts...and who wouldn't?
But he also admitted that, not only had the decision to move heavy truck production from MX to MI been already planned in January 2017, but also that they would have made the move tax cut or no.
When put in those terms, then yes, a CEO should praise the tax cuts, praise them for what they really are, a sop to corporate America and nothing more.

You know, any number of quickie diet fads will cause you to drop ten or even fifteen pounds lightning quick.
But because it's mostly stimulant and/or water weight based, you'll drop that weight and then it comes roaring back even worse than before.
Likewise with these short term boomlets, it is a sure fire way to gin up quick short term near quarter bumps, and that looks great on paper.
But conflating that with sustained steady long term growth and security/stability is disingenuous at best and evil at worst.
This flurry of "Trump Good News!" is a cheap parlor trick. Anyone can do it.
Let's see how it plays out in the long term.
If it does, I'll be the first to admit it but history hasn't shown that to be the case...not even with Ronald Reagan, because eventually he HAD to adjust taxes upward.

The super long term trend has already proven beyond the shadow of a doubt that tax cuts and trickle down DO NOT PROMOTE economic health, much the opposite, and that's a forty year long term trend.
Let me know when we start seeing trends that look like 1947-1980.

You may commence the Excuse-Making-Musheen now.