Moved it into the white house for it in grain a swamp and just moved to dinner. I think every politician has probably abused their office. Why dont we totally drain the swamp right away playing up the free altogether. Why are we the people more actively involved. Dont trust major contributions of our has been completely devalued the idea of regulatory oversight. Of betsy the vast department of education or scott pruitt. And these people who are essentially trying to dismantle government oversight from within is regulators people that are jeffs. Hundreds of thousands and then you add to its much a slate of gambits like the top. This recent bank lobbyist. Partial repeal of the dogs theyve been on their wish list for ages the stuff thousands tens of thousands of lobbyist essentially are writing the legislation every once in a while a bill will be submitted and the the lobbying firms name will be on it because the congressman messed up you know by not taking it off my question represented
Dow topping 28,000 today for First Time Since february. Its the value trade thats working. Is the rotation for real i think as long as you have confirmation in the bond market, you can believe in it but when that link breaks, the stocks the value stocks probably crash again. We witnessed an episode like this that happened from the middle of may through the middle of june. It was almost a full four weeks. It was violent to the upside value stocks, cyclicals, the quote reopen names Small Cap Value did incredibly well the Growth Stocks took a pause the high flyers corrected but when that ended, it didnt end gently you had crashes in the reopen stocks you had crashes in the value stocks both asbestbsolute and relative to growth its a Real Recovery if that link breaks and i know yields have gone up a bit here and abroad as long as that continues happening, im fine with it. I think you have to watch that more than commentary, more valuation, more than anything else jpmorgan had a great note
Who have paychecks. People do not right now, which brings us to the second big issue, which is Unemployment Insurance benefits. A gut instinct is we will see two month extension of the current Unemployment Insurance booster payments such as 600 a week through september 1. The alternative is we cut it to 400 a week, but extended for a longer duration, say through year end. Referenced achin technical correction needing to be made. This is far from a technical correction. This is a deepseated issue of disagreement between democrats and republicans. I would say this is the biggest sticking point. The way it will get resolved it to throw money at the problem. To that end we have shifted up our expectations of the overall scale and scope of the bill. The last time we spoke i was expecting a 1. 5 trillion package. Now our base case is 1. 5 trillion to 2 trillion. The further that rises, the more generous the Unemployment Benefits will be. You can see potential spending directly on certain sec
The reason Donald Trumps in there is because hes a celebrity or he did this or he did that he is in there because he is not one of them and we are so frustrated. We had to vote him in if donald trump goes away well find another trump believe me well find another one the people dreamed this couch the people built this cut and its the people who are making America Great again. The clintons and the obamas all all they talked about families and children and justice and so on maintained these rights for corporations promoted the right of their companies to do whatever they want to around the world in a strange way it was those who might oppose trant right now who set the stage for him to be elected it was the very policies that would out north america i mean we created huge pockets of poverty weve never had in 100 years the same difference between rich and poor the the class differences in credit. Well they set the stage for a savior obama was supposed to be that savior and he wasnt and wha
Clintons and the obama was all oh they talked about families and children and justice and so on maintained these rights for corporations promoted the right of their companies to do whatever they want to around the world in a strange way it was those who might oppose trump right now who set the stage for him to be elected it was the very policies that would out north america i mean we created huge pockets of poverty weve never had in 100 years the same difference between rich and poor the class differences incredible they set the stage for a savior obama was supposed to be that savior and he wasnt and what happens after a savior fails you you look to something very different they set the table in my opinion for donald Trump Success do you find this contradictory in any way to be. A cabinet full of millionaires a situation. And were some of them have been accused of misusing their offices in terms of the lavishness of those artists or so and so forth. To trump state a promise to drain th