techkenyot.com
techkenyot.com December 11, 2017


Trump Makes Puzzling Claim That Stock Market Gains Have Reduced The Debt

12 October 2017, 07:08 | Glen Norman

Trump Makes Puzzling Claim That Stock Market Gains Have Reduced The Debt

Former White House strategist Steve Bannon takes part in an interview with host Sean Hannity on the set of Fox News Channel's “Hannity” in New York on Monday. AP

Yes, you're right in thinking this isn't the usual way an interview between a journalist and a politician goes. What matters is Trump's answer. "Russian Federation was an excuse used by the Democrats when they lost the election", Trump told Fox News' Sean Hannity on Wednesday.

The Republican tax plan unveiled last week calls for as much as $6 trillion in tax cuts that would sharply reduce federal revenues. "Possibly picked up the whole thing in terms of the first nine months, in terms of value". In terms of value. "We are very honored by it and very, very happy by what's happening in Wall Street". As CNBC details, to see why this doesn't make sense, consider the relationship (or lack thereof) between the stock market and debt during the Obama administration.

That's, um, not how this works. "In zero sense does a stock market rally, which enriches corporations and investors and shareholders, translate into American taxpayers and the national debt".

Researchers discover the fourth dwarf planet with ring
It seems that scientists keep discovering other objects - and not planets - that are being rounded by rings. The dwarf planet got its name after the Hawaiian goddess of childbirth and fertility, according to NASA.

The stock market, broadly speaking, measures wealth being created (or lost) by large corporations and investors in those companies.

The national debt, which he correctly states is $20 trillion, is the result of the government spending more than it takes in. What matters is whether the government has a debt it can reasonably service. A bull stock market is not one of those two options.

Trump has made few policy changes, and none that seem likely to boost productivity or reverse the demographic trends that have driven slow growth.

Abbott Laboratories (ABT) Receives Consensus Rating of "Buy" from Analysts
The Locust Wood Capital Advisers Llc holds 715,044 shares with $34.76 million value, down from 940,659 last quarter. The stock of Abbott Laboratories (NYSE:ABT) has "Equal-Weight" rating given on Monday, January 4 by Morgan Stanley.

The US President Donald Trump said on Wednesday in a televised interview that the alleged Russian meddling in 2016 presidential campaign was merely an excuse introduced by the Democratic party to justify their suffered political defeat.

I assume he thinks it's like a real-estate investment: If you have a $50 million mortgage on a building, and its value rises from $80 million to $100 million, you have deleveraged without paying your debt down at all. I'm great with debt. "They are going up, and some are already finished, and I will say they are really looking good".

CPI Inflation at 3.28% in September; August IIP rises 4.3%
Meanwhile, the July IIP number was revised to 0.94 per cent from 1.2 per cent provisional estimates released last month. On a monthly basis, consumer prices edged up 0.1 percent from August, when it dropped by 0.2 percent.



Other News

Trending Now

Breaking Bad house owners build fence after pizza stunts
Quintana added that it is not just the pizzas , as some fans steal rocks from the home's landscaping to take home as souvenirs. Show creator Vince Gilligan even made a public plea back in 2015 for people to stop throwing pizzas on the roof.

Southwest Airlines Announces Intention To Serve Hawaii
Travelers have wanted Southwest to offer flights to Hawaii for years, and Kelly said it's one of the top questions from employees. In addition, Southwest said it is considering nonstop flights to neighbor islands.

Heated confrontation between Florida doctor and patient
Gallogly says he went to the waiting room because Stipe demanded to see him, which is when the argument on tape happened. She says she waited for more than an hour there, then decided she was too weak to stay and wanted to go home.

USA pulls out of UNESCO, alleges anti-Israel bias
Pursuant to Article II (6) of the UNESCO Constitution, U.S. withdrawal will take effect on December 31, 2018. U.S. has stopped funding the UNESCO over issues related to Palestine in 2011.

What Are Analysts Suggestions On Chesapeake Energy Corporation (CHK)
The firm has "Sell" rating by UBS given on Friday, May 6. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. In recent trading day Chesapeake Energy Corporation ( CHK ) stock showed the move of -0.24% with the closing price of $4.19.

Zverev brutalises racquet in loss to Del Potro
Earlier on Thursday, Grigor Dimitrov booked his place in the quarter-finals, downing Sam Querrey 6-3 7-6 (7-3). I'm a bit pissed off about that, because I feel like I played well and I feel like that's the upsetting part.

Irish court gives $1 billion Apple data center green light
Objectors are likely to appeal the court's decision, meaning it could end up in the Supreme Court. This prompted 2,000 local people from Athenry to march in support of the data centre past year .

Former Colts DE Kendall Langford signs with Texans
He's an awesome human being, and he will work extremely hard to be back, to be back to play for this football team. The Texans also reportedly plan to sign Kendall Langford , according to the Houston Chronicle's Aaron Wilson .

Anadarko Petroleum Corporation (APC) Receives "Hold" Rating from BMO Capital Markets
Currently, 564.59 million total shares are owned by the public and among those 558.87 million shares have been available to trade. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

The Bottom Line on Fastenal Company (FAST), Philip Morris International Inc. (PM)
Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Fastenal by 58.4% during the 2nd quarter. Beta is also an important valuation ratio for analyzing the stock of the company, FAST's beta remains at 1.05.