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X22Report The Move From West To The East Is Almost Complete. Cabal Pushes Agenda Hard Chaos Next! Also: Trump Cuts Red Tape On Regulation (Videos)

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12-14-17

 

Canada home values decline as household debt binge hits a new high, doesn’t look good.Initial jobless claims drop to there lowest level. US retail sales surge, the government just forgot to mention something very important.The service industry declines. Janet Yellen believes the market is not overvalued and she sees no warning signs. China has just completed its 4th dry run of the #petroyuan.

PLUS

FCC votes to repeal net neutrality. Nikki Haley uses fake evidence to convince the world that Iran is behind the problem in Yemen. Syria reopens border with Lebanon.US and Russian jets have a close incident which the media is spinning to make it seem like Russia was the cause. Funding for the Syrian opposition has come to and end. Slowly but surely the support for all these groups in Syria is coming to an end. The cabal is ready and prepared to push their agenda, get ready for extreme chaos.


The Move From West To The East Is Almost Complete, Be Prepared For The Next Phase

The Cabal Will Push Their Agenda Hard Now & Ramp Up Chaos For The Next Event

Sources X22Report

Trump Cuts Red Tape On Regulation

In a press conference, President Trump touted the thousands of regulatory actions his administration has canceled or delayed by cutting red tape in front of stacks of paper representing current tax regulations

THE BOTTOM LINE: Bitcoin Mania, a Nobel Prize-winning Economist Talks Trump, and Tech Stocks

Business Insider CEO Henry Blodget discusses the meteoric rise of bitcoin. He references a recent research note published by former Merrill Lynch chief investment strategist Richard Bernstein, who refers to the cryptocurrency as “bitcon.” Blodget walks through Bernstein’s assertion the bitcoin meets all five characteristics of a bubble: available liquidity, leverage, democratization, new issues and turnover. The good news for bitcoin speculators is that Bernstein thinks the rally will continue until the Fed siphons off liquidity. Blodget and Business Insider editor-at-large Sara Silverstein then discuss the argument that we’re nearing “peak media” in the US. According to a recent study, the average US adult spends 12 hours a day consuming tech and media, and Blodget says that’s been driven by the rise of the internet. He doesn’t see the amount of time used to consume media increasing meaningfully going forward.

Business Insider senior editor Josh Barro sits down with Paul Krugman, a Nobel Prize-winning economist and distinguished professor of economics at the City University of New York. They start by addressing the one-page sheet released by the #Treasury department this past week, which argued that President Trump’s economic policies — including the tax bill — will shrink the government deficit. Krugman says that the gross domestic product (GDP) growth forecast put forth was pulled out of thin air, with no backup. He notes that the projections are roughly nine times that of the Joint Committee on Taxation’s forecast. Krugman says that even the most ideal policy in the world would fail to boost #GDP by 7%. Barro then poses the question of whether corporate tax cuts will significantly benefit US workers. Krugman says that there will probably be some positive impact, but only in the longer term, not in the immediate term. He predicts that US workers won’t see a noticeable wage increase in the next five years. Krugman then goes on to say that, overall, the tax bill won’t have a pronounced negative effect on conditions in the US. He thinks that when the economy is near full employment, we should pay down debt and not run up additional obligations, but ultimately doesn’t see any sort of crisis resulting from it. Krugman doesn’t attribute the recent run up in stocks to the GOP tax bill. He notes that stocks are up about the same amount all around the world, which is certainly not specific to Trump. In terms of the economy, he doesn’t think Trump deserves credit for how strong it is, considering no actual policies have been put into place. He also mentions that the economy has been adding jobs at a steady rate for years now. Krugman shares his thoughts on the Fed, and says that while he saw no reason to push out Yellen, that Jerome Powell will be an adequate replacement. However, he says he’s afraid of Fed board appointments, considering the GOP has been defiantly wrong about everything #monetary for the past decade. He does note that the board hasn’t historically had much impact on policy, with the chairman controlling a great deal of it. Barro asks Krugman for his thoughts on Trump’s threats with regards to global trade, including a withdrawal from NAFTA. Krugman says something like that would be a huge issue, and points out that there’s no such thing as American manufacturing — that it’s more accurately described as North American manufacturing, considering how interconnected the US has become with Mexico and Canada. He says disrupting NAFTA would be very costly, and says that trade will be the way we can tell whether there’s any Trump unorthodoxy left. From a labor perspective, Krugman says that immigrant workers aren’t competing with US-born ones anymore, but rather other immigrants. In the Fidelity Insight of the week, Silverstein sits down with Matt Fruhan, a portfolio manager at the firm, about where there are opportunities in equities. He says that his funds have started tilting a little more towards value in the last couple years. On a three- to five-year basis, he says he looks at earnings growth and yield, relative to valuations. Fruhan notes that growth has picked up in the last few years, with tech leading the way. He says that quantitative easing has led to an abundance of capital in the market, something he doesn’t see as particularly sustainable.

Sources Business Insider


#X22Report #economy #finance #geopolitical #deepstate #elite

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