For some still unknown reason, Goldman Sachs, the bank that single-handedly accounts for the bulk of Trump's closest economic and financial advisors, and whose former COO has been reportedly tasked with hatching Trump's "phenomenal" tax plan, has been on a tear in the past month to discredit his proposed political agenda.
A period of consumer spending, retail sales and housing weakness may be imminent, after federal tax refunds tumbled by 78% in the early part of February compared to 2016, the result of a new law which requires the IRS to delay the printing of checks to households claiming specific tax credits. The reason for the slowdown is that in late 2015 Congress passed a law forcing the IRS to hold back refund checks related to the earned-income tax credit and the child tax credit until at least Feb. 15.
Submitted by Adam Taggart via PeakProseprity.com,
Danielle DiMartino Booth, former analyst at the Federal Reserve Bank of Dallas, has just released the book Fed Up: An Insider's Take On Why The Federal Reserve Is Bad For America.
Having filled up his administration to the brim with former Goldman staffers, to the point where even President Trump realizes there may be too many "Goldman Guys" on his team, Bloomberg reports that in an attempt to branch out, Donald Trump plans to nominate David Malpass, 60, the former Bear Stearns economist, as U.S. Treasury undersecretary for international affairs.
“And some things that should not have been forgotten, were lost” - The Lord of the Rings