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Workers and families from every corner of our nation about how this plan will empower them to build a better life. In pennsylvania susie shulman said that our plan will be, quote, incredible for me and other fixedincome retirees, end quote. Because tax relief is targeted at the middle class. In ohio, christina port, a Small Business owner who raised twins as a single mother while launching her company, said the increase in the Child Tax Credit would help working mothers. She also said simplifying the complex tax code would ease the burden on entrepreneurs and allow them to devote more of their time to to growing their business rather than wrestling with their taxes. In state after state, story after story, weve heard how our plan will profoundly improve the lives of hard working americans. The optimism is coming back because with this tax plan combined with the president s ....
[inaudible] a process for our economy. The Federal Reserve is one of the most important institutions in the country and, indeed, the world. Chair yellen served as president of San Francisco fed, then as vice chair, then as chair of the Federal Reserve board. Our distinguished service at the fed encompassed the most tumultuous time in the United States financial and economic systems since the great depression. Many books of artie been written about the events of this time and many more will certainly be written from different points of view. And with varying assessments. One thing is certain. The Financial System and the economy have stabilized. We are no longer debating how to reconstitute them, but rather ho ....
Dow and the s p 500 putting in a new record highs, but the nasdaq the laggard today. So far not another record high. Everyone has been talking about the string of records. Can this be the longest bull market ever . Goldman sachs is saying the evaluation is stretched to levels not seen since 1900, and pain. This may end in they also talk about the idea that a 6040 portfolio, typically in a retirement portfolio, 60 stocks, 40 bonds, a very balanced portfolio. There turning 12. 86 vs. 7. 1 since 1985, and 4. 8 over the last century. Certainly the returns matching these record highs are seeing. The question is when and how might it end. Fed chair janet yellen will be testifying shortly. We had a reaction to her preprepared remarks. The 10year yield, up six basis points. The incredible that the fed is likely on the path for continued gradual rate hikes. We have the other havens selling off, including the yen, gold, trading lower, supporting the riskon tone we are seeing to some degree. Of c ....