Why aren't Millennials investing in the stock market? Why aren't they starting families and buying houses? Why are they living in their parents' basements well into their thirties? Why don't they just... spend? Here is the answer.
Importantly, with economic growth anemic, consumers stretched and an economy heading into one of the longest post-recessionary expansions on record, there is little room for a policy misstep at this juncture. Maybe Trump will be wildly successful and the economy will come roaring back. That is a possibility. But there is also the risk it won’t. Optimism is one thing. Your personal capital and financial health is quite another.
With the Trump inauguration just over 10 days away, attention shifts to what he will do once he arrives in the White House, and judging by his campaign promises, Trump will be a busy man from day one in the Oval Office. Here is a complete list of what Trump can do on both day one and the rest of 2017, courtesy of Goldman Sachs.
In addition to blaming Republicans for the imminent repeal of his siganture healthcare law, Obama also said Liberals like former Democratic presidential candidate Senator Bernie Sanders had contributed to the program's unpopularity. "In the 'dissatisfied' column are a whole bunch of Bernie Sanders supporters who wanted a single-payer plan," Obama said during a Friday town hall event with Vox Media.
In October we noted that the death of Theranos has been long coming - ever since the WSJ' John Carreyrou did a phenomenal job, starting about one year ago, of exposing the fraud that is Clinton Global Initiative-darling Elizabeth Holmes - but now following the second round of massive job cuts, it appears the final nail in the coffin of this 'fake news' unicorn is being struck. As Bloomberg reports, the startup will eliminate 155 more positions, leaving 220 employees (down over 70% from highs).
Choose wisely, America--you can only afford one: entitlements with some limits, cartel cronyism or central bank credit expansion/inflation. If you're having trouble making the choice, start by asking of each option: cui bono--to whose benefit?
One day after the biggest drop in US stocks in two months, global stocks struggled as they tried to close out 2016 on a positive note. The dollar dropped the most in two weeks, sliding alongside bond yields, while oil retreated from its highest close in 17 months. European stocks slid from a 2016 peak on renewed concerns about Italian banks.
Trump’s race to enact a "huge" stimulus went under a caution flag as Mitch McConnell warned he considers current levels of U.S. debt “dangerous”, and said he any tax overhaul should avoid adding to the deficit. "I think this level of national debt is dangerous and unacceptable." McConnell also poured cold water on the idea of a massive stimulus package, effectively laying out markers on taxes and spending.