Us now for the kaiser report looking into the ongoing turmoil on the global stock markets. I am x. Cause or this is the kaiser report lets talk about the overall economy hows it doing max were talking about the g. D. P. Now forecast Atlanta Office of the Federal Reserve predicting a five point four percent g. D. P. In q one two thousand and eighteen preston j. Byrne response wow these are reagan early one nine hundred eighty s. Numbers thats a lot of growth brought on by a policy is that would stimulate growth so what is the opposition going to say to try to make this sound bad i dont know well i imagine youre a guest in the second half is going to say the atlanta fed has always had an outlier saying wow the economy is booming and in fact theyll have to revise it down to like two or three percent right now theyre saying its five point four percent it could just be a parting gift for janet yellen who was the chairwoman of the Federal Reserve i can pull up my collar in honor of her you k
E. T. S. You know they really love these e. T. S. The two the top two recipients of the of these funds flowing into e. T. S. Where state streets s. And p. Five hundred e. T. F. And then i shares s. And p. Five hundred e. T. F. So theyre going for the s. And p. Five hundred eighty s. The next the previous largest inflow of e. T. F. Funds was in december twenty sixth seen well its very dangerous because this a multitude of e. T. S. Would have the same stock in their e. T. F. So youd have multiple claims on the same stock its a fractional reserve model and so if there is a downturn lets say the market dropped twenty twenty five thirty percent and theres liquidation and you try to liquidate these e. T. F. And ten or twenty ts own the same thousand shares of i. B. M. Or General Electric or microsoft which one truly has no share. Theres none of them have it for sure and its a compound ing of the cascade as it drops down into a black hole called a damn a bull market catastrophe sucking sound
Every single president and every single Vice President has been audited by the irs every year of their time in office. And they all still routinely release their tax returns to the public every year so that excuse from trump and the Trump Campaign never made sense. Being under audit is excuse for not releasing your tax returns as a candidate or certainly as president. Also, the audit excuse never made sense for his past tax returns. Even if donald trump wanted to release nothing under current audit, well, what about years for which the audits are completed and closed . Any year of his taxes before, say, 2008, any year that was audited before then, those years presumably would be done being audited by now. Those would be closed. So why not release those earlier tax returns even if you dont want to release the current ones for which there isnt an excuse not to do anyway . Whether or not you are a supporter of donald trump in
general, whether or not you care whats in his tax returns, it o
I want to tell you that the way we got this document, the way we got this trump tax return is through David Cay Johnston, David Cay Johnston is a Pulitzer Prize winning investigative journalist, hes a specialist on tax issues and financial reporting. David cay johnston and his reporting, dcreporting. Org, tonight we have their first look at what they have obtained. In just a second we are going to show you exactly what it is weve got. Well walk through it with David Cay Johnston. Were going to get context on it, well get explanation of what it means. Importantly, were going to get explanation and discussion about what further avenues for reporting this may open. But let me tell you first that part of whats very important about this story, about this new document were able to bring into public discussion, part of whats most important about it is that for some reason that we cannot discern this document has been made available. This document has surfaced. It has been handed to a reporter
Reporting. David cay johnston and his reporting, dcreporting. Org, tonight we have their first look at what they have obtained. In just a second we are going to show you exactly what it is weve got. Well walk through it with David Cay Johnston. Were going to get context on it, well get explanation of what it means. Importantly, were going to get explanation and discussion about what further avenues for reporting this may open. But let me tell you first that part of whats very important about this story, about this new document were able to bring into public discussion, part of whats most important about it is that for some reason that we cannot discern this document has been made available. This document has surfaced. It has been handed to a reporter and thats an important part of this story. That may be the most important part of this story. When donald trump declared as a president ial candidate that he would not release his tax returns, he became the first president since the waterg