Now displaying: July, 2017
Jul 29, 2017
Cong. Mark Meadows: General Kelly in, Priebus out. Will other shoes fall? Bannon, Sessions, Mueller. Trump used Scaramucci rant attack to oust Priebus. Targeting jobs and downplaying CBO. Will there be a GOP health bill? Was he satisfied with the joint statement on taxes from Senate/House and WH. Investigate Loretta Lynch/Comey? Alan Reynolds: what should the tax cut look like? What will it look like? Can we get 3 percent growth? Deficit neutral vs. revenue neutral? What shape is the economy in? Does health bill collapse damage GOP tax effort? GDP: 2% growth, 1.5% inflation, what does that mean? Stocks with Jon Najarian and Michael Cuggino: Dow posts record close as Wall Street shakes off Amazon’s fall. No BAT tax, good for retailers. Fed? Dollar? Copper, China? Kilmeade/Nikpour: is the White House staff unraveling? Whose neck gets chopped off next? Using Scaramucci as a messenger? Sessions/Mueller/Bannon? Never Trump Republicans say POTUS is an authoritarian undermining democracy because he fired Comey. Money/Politics: is Paul Ryan’s green eyeshade CBO devotion going to derail tax cuts? Is Plan B — 3 Easy Pieces still in play? POTUS put Gary Cohn on the list for Fed chair (per WSJ). Next steps for GOP healthcare. Greg Ip’s column on Trump deregulation.
Jul 22, 2017
Newt Gingrich: :Understanding Trump. Plus deficit neutral tax cuts. GOP senators betray voters who sent them to DC to kill OB-Care. Changes in WH: Spicer resigns, Scaramucci & Sara Huckabee Sanders. How to solve healthcare: Reagan's half loaf. But what about medicaid disaster? What's holding up global stocks? Bubble? Dollar weak or strong? Profits beat? Jeb Henserling wants financial choice, end Dodd-Frank. Distinguished academics tout 3% growth potential. Trump wants 15% corp tax, not fake news 25%. Ryan becoming problem. BAT still alive. I give Trump B grade first 6 months. W/ tax cuts, an A. Trump handling NAFTA exactly right. Pray for John McCain. Joe Rago passing a tragedy.
Jul 15, 2017
45 minutes of Art Laffer & Steve Forbes: CBO v. Trump-Mulvaney on 3% growth budget. Is Senate health bill worth supporting? Investment tax stays in? Biz won't pull investment trigger until biz tax cuts? Trade war threats? Dollar policy? Poor econ numbers? Fed? Who should be next Fed chair? Jason Riley: False Black Power. Political, but not econ gains. Better 50 years ago? Doug Schoen: America in the Age of Trump. But what's Dem message besides hating Trump & Russian collusion? Econ down and stocks are up? Profits? Banks? Fed should restrain its restraint? No inflation. At best 2% growth. Probably 1.5% inflation. Atlanta Fed GDPNow 2.4%. Risk of recession? Money Politics: Ted Cruz off-ramp? Insurers oppose. Pence/Mulvaney working the Hill. Maganomics from Mulvaney. Budget balance at 3% growth. Fed chief? Trade threat? Jamie Dimon rant. Healthcare tax on investment stays in. Tax cuts/reform coming even w/out health deal?
Jul 8, 2017
Trump has Putin over a barrel. Good jobs report. But Fed should restrain its restraint. More people working at longer hours not inflationary. Get able-bodied people off the couch. OB-Care lost 250K jobs per year; 2.5m over 10. 49ers & 29ers. War on biz & fossil fuels over. Regs rolled back. Waiting for 3 Easy Pieces tax cut. McConnell says may not be able to repeal OB-Care. Cruz amendment? Big 6 on tax reform? No Aug recess. Reconcile biz tax cuts w/ health package? 57 legislative calendar days thru year end. Trump seems militant on trade protection. 232 all wrong. China 2.9% steel imports. Canada #1. Europe retaliate? China & N Korea? Why no currency deal? Better than trade protectionism. Will US intercept N Korea missiles in flight? On ground before launch? More defense spending on triad? Reagan vision. Believe Putin on Syria? Believe China econ sanctions? Good jobs report. But Fed should restrain its restraint. More people working not inflationary. No market based inflation signals. M2 & Base way down. Defense stocks a good play w/ N Korea & elsewhere? Stay long stocks? Blue state budget breakdowns. Tax hikes make it worse. Illinois, CT, NJ. Tax cut states doing well. Florida magnet. Bannon raising top tax-rate? Biz taxes more important. Across-the board. Lower rate & broader base.
Jul 1, 2017
Health deal? GOP wusses (taxes, spending). Polls are killing GOP. Public not persuaded lower premiums (ending mandates). Repeal only? FDA good on prices & generics. Scott Gottlieb. But prior condition, community rating? Just guarantee it. Tax credits more toward lower end. Medicaid/GOP. David Hoppe & John McLaughlin. Is manufacturing really that important? Tech, services, robots? Mark Mills says yes. Do we need steel protection? Is econ slumping again ? Brian Wesbury. Fed restrain its restraint? Stocks had huge first half. Continue? Profits? Rate outlook? End of FANG? Banks? Europe & overseas? Back-up in yields? Inflation outlook falling? Dollar falling?Trade war? BK Brian Kelly & Mike Ozanian. Optimist Scott Rasmussen believes we can beat elites & regulatory state. Community & culture? New spiritual awakening? Money & Politics A-Team? Trade war over steel? Trump wins on energy!! Taxes nowhere? Meetings & listening? Trump should tweet agenda, not animosities. But he has right to fight back. Deficit neutral tax plan from Newt. Not revenue neutral. Asset sales. Steve Moore, Jimmy P, John McIntyre.
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