Trump Tax Cuts Have Postponed Economic Collapse: “The U.S. Has Become The Tax Haven Of The World”
The last several years have seen massive gains for both stock market and digital currency investors with prices hitting unprecedented levels of growth. But one particular asset class, despite its necessity for day-to-day global activities, has been totally ignored by the general investing public. According to venture capital financier Carlo Civelli, there are varying reasons for why mining companies involved in commodity metals like copper, zinc, gold and silver have been either stagnant or seen disproportionate drops in their market value versus broader stocks, but one in particular stands out as of late:
The exploration stocks are just not attracting the following that they used and the reason for that could be the whole blockchain and Bitcoin mania… which is diverting a lot of speculative money from what used to be the commodities markets.
And while we’re likely to see continued interest in crypto currencies over coming years, Civelli notes that recent political developments in the United States, as well as favorable supply demand fundamentals, suggest that 2018 will be a breakout year for commodities markets after having hit cyclical lows. In an interview with Future Money Trends, Civelli says that President Trump’s tax cuts have shifted the global balance and may have postponed any serious economic problems for another ten years.
The United States has become the tax haven of the world.
Coupled with Trump’s trillion dollar infrastructure plan, the widespread tone of economic optimism across the global economy explains why Civelli has been aggressively gobbling up mining stocks (and he’s not talking about digital blockchain mining):
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