First, the facts:
At Powell's Nov 28th 2017 testimony to Congress, Powell said that as the Fed allows its 4 trillion dollar balance sheet to wind down, the US Treasury would issue new bonds to the market to replace them (so, technically, US notional debt will neither increase nor decrease as a result of QE).
Yesterday, we highlighted a one-page report prepared by the Treasury Department which claimed that – in what was perhaps one of the most unrealistically optimistic budget projections to ever be produced by the US government agency - the Senate’s version of the Republican tax plan would, somehow, bolster GDP to a 2.9% real growth rate over 10 years.
Nikki Haley represents Israel not the United States
Watch her in the video how she sucks up to the Israel Lobby. She knows the Israel Lobby will make her rich for prostituting her position as US ambassador to the UN by serving as Israel’s harlot.
http://russia-insider.com/en/russias-fm-lavrov-called-nikki-haley-liar-hes-being-far-too-kind/ri21680
The post Nikki Haley represents Israel not the United States appeared first on PaulCraigRoberts.org.
E-mini futures are modestly in the green this morning, though net of fair value the S&P index is poised for another record high open as the FOMC begins its last meeting for 2017 in which it is expected to raise rates by 25bps. European stocks gain while Asian equities slide led by weakness in Chinese airplane stocks.
Authored by Tom Luongo,
Last week, Venezuela announced it would develop a national cryptocurrency backed by its oil reserves, the Petro. Now there is a report that Russia is considering the same thing. Iran will likely follow suit.
As of right now this is just a rumor, but it makes some sense. So, let’s treat this rumor as fact for the sake of argument and see where it leads us.