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Why Monetary Policy Will Cancel Out Fiscal Policy

Authored by MN Gordon via EconomicPrism.com,

Good cheer has arrived at precisely the perfect moment.  You can really see it.  Record stock prices, stout economic growth, and a GOP tax reform bill to boot.  Has there ever been a more flawless week leading up to Christmas?

We can’t think of one off hand.  And if we could, we wouldn’t let it detract from the present merriment.  Like bellowing out the verses of Joy to the World at a Christmas Eve candlelight service, it sure feels magnificent – don’t it?

The Big Problem With The GOP Tax Cut, Charted

The Big Problem With The GOP Tax Cut, Charted

While the jury will be out for years whether the Trump tax cuts will boost the economy (they already had an outsized impact on markets, pushing the Dow by nearly 5,000 points higher since Trump's election), there are several key problems that remain outstanding. The first one, as the following JPMorgan chart shows, is that all prior Republican tax cuts in US history took place when debt/GDP ratios were less than 40%.

The RussiaGate Witch-Hunt: Stockman Names Names In The Deep State's "Insurance Policy"

The RussiaGate Witch-Hunt: Stockman Names Names In The Deep State's "Insurance Policy"

Authored by David Stockman via Contra Corner blog,

There was a sinister plot to meddle in the 2016 election, after all. But it was not orchestrated from the Kremlin; it was an entirely homegrown affair conducted from the inner sanctums---the White House, DOJ, the Hoover Building and Langley----of the Imperial City.

Likewise, the perpetrators didn't speak Russian or write in the Cyrillic script. In fact, they were lifetime beltway insiders occupying the highest positions of power in the US government.

Trump Attorney Quashes Rumors Of Impending Mueller Firing

Trump Attorney Quashes Rumors Of Impending Mueller Firing

An Attorney for President Trump has vehemently denied rumors that special counsel Robert Mueller will be fired over revelations of politically motivated malfeasance by the FBI towards Hillary Clinton and against Donald Trump, including disturbing text messages which were sent between top FBI investigators implying the Trump-Russia investigation may have been launched as an "insurance" policy in the event Trump won the 2016 election.

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