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Trump's speech optimistic & transformational. Civility, bi-partisan, unity. National confidence.
Nick Eberstadt: "Men w/out Work: America's Invisible Crisis." Our miserable 21st century.
David Smick: "There's Plenty of Hope for Tax Reform."
As Trump unmuzzles econ, rosy scenario will become econ reality.
Mark Krikorian: Kinder, softer Trump immigration policy?
Avik Roy: ACA reform a tax cut in reconciliation? Biz tax reform also? Is Medicare really going broke? Refundable tax credits a new entitlement?
Trump hasn't yet made decision on BAT. WH battle. So many contradictions. Hi dollar hurts exports. Tax imports w/ consumer price hikes will weaken growth; $1.1 TR pay-for never happen.
Why not 3-4% growth? Policies affect productivity & work effort.
Yellen signals rate hike. 35%- 90% w/ no new numbers! Commodity price rule. Taylor rule. Non-labor inflation model.
Trump rally still booming. Profits rising. Better numbers PMI globally. Tech bubble? |
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