WAIT, WHAT? New York Sun: Warren Buffett Validates Trump-o-nomics. “Mr. Buffett’s defenders will surely point out that his New York Times op-ed was about personal income and capital gains tax rates, while the discussion in this year’s shareholder letter was about corporate tax rates. The principle, though, is precisely the same — the value of an asset or of a flow of earnings changes depending on how much of it the government is going to seize in taxes. It doesn’t matter whether that seizure is annually at the corporate tax level, or at the level of an individual shareholder’s capital gain on sale of stock or income on receipt of a dividend. Either way, the less the government takes, the more the asset or the flow of earnings is worth.”

Well, Trump has certainly boosted the economy to the point where used car dealers don’t return your calls about Porsches.