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Showing posts from June, 2018

June 18, 2018 - Trump tax cuts - conform to Bernanke's 2002 Fed speech

Trump tax cuts part of the long-term plan in Fed's fight against deflation...? The Speech That Predicts TRUMP'S RECESSION - Mike Maloney "A broad-based tax cut , for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices." Broad-based tax cut   Ex-Trump economist: Trade war will wipe out tax cut gains " retaliatory tariffs between countries could drive up  inflation" Accommodated by a program of open-market purchases  Who the Heck Bought $1.2 trillion in New US Treasuries over the past 12 Months? " Leaves $1.01 trillion that someone else must have bought over those 12 months. But who? Mostly American institutional and individual investors, directly and indirectly, through bond funds, pension funds, and other ways."