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Most Recent Commentary

For Free Traders, Trump’s Corporate Tax Cut Is the Better Way
Donald L. Luskin
Wall Street Journal
Wednesday, January 18, 2017
Instead of making the tax ‘border adjustable,’ simply lower rates to 15%, as the president-elect proposes.

Most Recent Media Appearance

Market Math: Do stock valuations matter in Trump World?
USA Today
Friday, December 2, 2016

“When there is a quantum shift in growth expectations, the arithmetic of P-E multiples fails to capture the value in stocks,” argues Don Luskin, chief investment officer at TrendMacro. “Why look at this quarter’s earnings, or for that matter why just look one year ahead, to appraise what a company might earn? If America is really going to be great again, stock prices should look to above-trend earnings growth that could last for several years. That will make stocks appear expensive, but they’re really not.”