Halloween Is Coming

(1) Gee, the year is almost over! (2) September and October haven’t been scary this year. (3) Will Republicans deliver tricks or treats? (4) Nothing to fear but nothing from the Republicans on tax reform. (5) Market says: The correct question is “What if tax reforms happens?” (6) The way is cleared for the bulls. (7) Best tax code money can buy. (8) Supply-siders offer self-financing tax cuts. (9) Ratio of federal government revenues to GDP is very procyclical in a flat trend. (10) Government spending relative to GDP is countercyclical, with an upward bias since the Great Society entitlements extravaganza. (11) Two Fed districts are really hot this month.