Carlson Capital: Border Adjustment Tax Would Lead To “Global Depression”
by Tyler Durden
ZeroHedge.com
Feb 5, 2017
“If the border adjustment mechanism is implemented as proposed we think it will cause a global depression and a major equity market decline. It is still unclear whether it will happen but at the very least we expect that US trade policy will put downward pressure on global growth. When this becomes apparent commodities will correct meaningfully and we will reinvest in inflation beneficiaries.”
The Rest…HERE
