With NAFTA negotiations going badly, Goldman Sachs has published a report, “Thoughts on the Potential US Withdrawal from NAFTA”, that concludes that the US is likely to withdraw from the trade agreement next year “At this point, efforts at revising the agreement look likely to be unsuccessful, though a deal is still possible, in our view.
Update: Reuters reports a White House spokesperson confirms Yellen is at The White House for lunch with Gary Cohn - nothing out of the ordinary.
Yellen odds fell back to 24% from 30%.
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You know it's a quiet day when...
Gold is up, USDJPY down, TSY yields tumble after reports that Janet Yellen is back at The White House following her 30 minute meeting with President Trump yesterday...
Bloomberg reports:
Authored by Patrick Buchanan via Buchanan.org,
Three decades ago, as communications director in the White House, I set up an interview for Bill Rusher of National Review.
Among his first questions to President Reagan was to ask him to assess the political importance of Barry Goldwater. Said Reagan, “I guess you could call him the John the Baptist of our movement.”
I resisted the temptation to lean in and ask, “Sir, if Barry Goldwater is John the Baptist, who would that make you?”
In what may be the final nail in President Trump's tax reform proposal, months after the White House proposed ending a tax break for people in high-tax states - which would suggest Trump had more than enough time familiarize himself with how it all works - Trump reportedly "grew angry" when he learned that the change would hurt some middle-income taxpayers, Bloomberg reports citing people familiar with his thinking.
As first previewed over the weekend, tomorrow at 11:15am, President Trump will sign an executive order aimed at taking action on health care, or as the White House put it, "to promote health care choice and competition", after Congress's failure to repeal ObamaCare. The order - which is expected to further weaken Obamacare - should, in theory, ease rules on small businesses banding together to buy health insurance, through what are known as association health plans, and lift Obama administration limits on short-term health insurance plans, according to a source on a call with administratio