Ken Rogoth News Today

Nobody knows whats next, what hes going to tweet in the middle of the night. right now its pulled back. but it could be brutal. everyone is holding back. theyre not investing. the u.s. uncertainty over the trade policy is hitting the whole world and us also. >> the cardinal sin is to blindside the markets and consistently the markets have been blind sided by people like peter navarro. >> recent studies, though, show half of americans dont own any stocks. so, ken, who is most at risk beyond inves...

Anything else. that farmer we just heard from, people who run businesses who need components of china face a lot of uncertainty. it looks like its not going to go away any time soon. >> ken, whats your take? >> businesses arent investing here at home either. its toxic for the economy. it could come home to roost in the united states. >> a source close to the president told the washington post this, how the president is seeing the headlines. he speaks publicly and its all honky dory. apparently h...

Re-election bid. the economy is the most important thing and its going south a little bit. >> over/under, both of you, that well be in a recession during the 2020 election. greg? >> slightly over but its not imminent. >> and you, ken? >> i think its slightly less likely than not. its more likely not to happen but who knows? >> goes to show, you cant predict. different opinions from two very smart men. ken rogoth and gregory valleir, thank you for being here. in the key primary state of south c...

But whether well keep even the tepid 2% growth, is questionable if he keeps this up. either he backs way off the trade war or pushes the economy into recession. >> what do you think the best and worst thing the administration could be doing right now when it comes to the economy? >> any overt claim that he would try to fire or demote the fed chairman would be a disaster for the markets. great irony is that donald trump had the most dovish fed chair in our lifetime and he fired her. he fired jane...

An uphill climb, but speaker boehner warned his caucus. and it game clear what was going to happen. he did say we could lose the house over this. it doesnt come as a surprise to republicans, but it certainly is, when you put numbers to it, its a huge slapdown. >> you saw the poll numbers falling. ken rogoth, registers the sharpest drop. can this recovery right now withstand a government shutdown, a sequester, and then assuming you get over this debt ceiling drama and you go into a budgetary proc...

Old mitt romney 47% argument. just gnome -- the current chief member has openly scolded congress for its approach to fiscal policy to no avail. does janet yellenbring anything different to the table. >> i think shes a creative and smart person. i think shes a good appointment now, in the sense that she clearly cares a lot about employment. you dont have to ask if she cares a lot about employment. but she cant solve these problems, these -- this better necessaryian war fare. i think the fed needs...

Be truly established. >> all right. of the president himself, david said thatless some $2 trillion in cash that corporate america is sitting on. what does it take get employers to spend that money and hire? >> one aspect might be to go to what ken is talking about, changes in the tax code. there are particularly of that $2 trillion, a big chunk of it is overseas and corporations argue if you would let us bring it back and reinvest it and we dont have do pay the high rates when we come back, were...

At this the other day, in the reagan years, over 20 million jobs, clinton years over 20 million jobs. since 1999 coming up to today, net new job creation in this country is dero zero. zero. >> ken, why is that? three successive administrations have pursued policies that have sparked globalization. meant that companies dont necessarily, the interests of a corporate america is not necessarily coupled preprecisely with the interests of of the american workforce. >> its certainly in the case in the ...

But at all levels, adults. of course infrastructure. but especially we need to invest in our people or we will not be able to compete. >> and what about cutting, ken, the corporate tax rate? right now at 35%. although we know with all the loopholes, a lot of companies dont pay 35%. the president has said he would consider lowering the corporate tax rate if he got rid of all the loopholes is that a good, will it create jobs? >> explaining the corporate tax rate is so complicated, but basically we...

Of stronger job creation, we cannot consider the recovery to be truly established. >> the president himself said theres some $2 trillion in cash corporate america is sitting on. what does it take to get employers to spend the money and hire. >> well, one aspect to go to what ken rogoff has been talking about, changes in the tax code. particularly of the $2 trillion a big chunk of it is overseas. corporations argue if you would let us bring that back and reinvest it and we dont have to pay the hi...