President Trump Plans to Tweak Tax Plan

The transcript discusses the US tax reform and the IMF's skepticism about its implementation within the year. It includes insights from Nobel economist Richard Thaler, who highlights the disparity between market buoyancy and current economic risks. The discussion also covers asset valuations, market conditions, and the impact of global growth and low volatility on investment decisions.

What is the IMF's stance on the likelihood of tax reforms happening by year-end?

What does the speaker suggest about the expectations for tax cuts versus comprehensive tax reform?

How does Richard Thaler describe the current state of the markets in relation to reality?

What factors contribute to the current asset market valuations according to the discussion?

In what way does the speaker characterize the current volatility environment and its impact on risky assets?