A privilege…a special tax break…a rule…a prohibition…a piece of meat here, a piece of meat there…and soon the foxes are eating high on the hog.
The Deep State, to be clear, describes the way the US government really works, rather than the way it’s supposed to work.
The Deep State’s supremacy is under attack. It’s going to use every weapon at its disposal to keep its death grip on the levers of power.
Debt is a drag on growth. Money that could once have been spent in the economy is being diverted to principal and interest payments.
Remember, those who realise those gains in growth, will be those who own real estate. No one understands this more than the new man in the White House.
Let’s apply the Ronald Reagan administration as a frame of reference to examine and compare president-elect Trump. Doing so we can see what expectations might be for the economy going forward.
Imagine taking all of our economic output and demand…along with all the wealth Americans have generated to get here…and tacking that onto the global market…in just a few years’ time.
The US market has hit a new all-time high. And not just one index either. It’s the whole lot of them. What else do you need to know?
James Woodburn and Kris Sayce hijack the Newman show to discuss recent market news across Money Morning and The Daily Reckoning.
Trump wants to spend, and support the spending of billions of dollars on infrastructure projects (including ‘that’ wall). With that, the prices of key building commodities such as copper and iron ore have taken off.