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US Tax Reform and the Fed

August 31, 2017
Yesterday US President Trump formally launched his campaign for tax reform.  The Big Six (Mnuchin and Cohn for the administration, McConnell, and Hatch from the Senate and Ryan and Brady from the House) had been meeting and were to craft a reform bill.

Last week the Administration changed tactics and essentially withdrew from the process, leaving B…
US Tax Reform and the Fed US Tax Reform and the Fed Reviewed by Marc Chandler on August 31, 2017 Rating: 5
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US Core PCE Deflator may Challenge the Greenback's Firmer Tone US Core PCE Deflator may Challenge the Greenback's Firmer Tone Reviewed by Marc Chandler on August 31, 2017 Rating: 5
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Who Watches the Watchmen?

August 30, 2017
The US strategic course in dealing with the Soviet Union was called containment.  The US formed alliances with many countries that surrounded the Soviet Union and the East bloc.  Some think that the same broad containment strategy is now aimed at China.

Trump's strong rhetoric during the campaign and his first seven months as President, spurre…
Who Watches the Watchmen? Who Watches the Watchmen?  Reviewed by Marc Chandler on August 30, 2017 Rating: 5
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Great Graphic: Young American Adults Living at Home

August 30, 2017
This Great Graphic caught our eye (h/t to Gregor Samsa @macromon).  It comes from the US Census Department, and shows, by state, the percentage of young American adults (18-34 year-olds).
The top map is a snap shot of from 2005.  A little more than  a quarter of this cohort lived at home.  A decade later, and on the other side of the Great Financia…
Great Graphic: Young American Adults Living at Home Great Graphic:  Young American Adults Living at Home Reviewed by Marc Chandler on August 30, 2017 Rating: 5
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Cool Video: CNBC Clip Tactical and Strategic Dollar Outlook

August 30, 2017
I appeared on CNBC earlier today to talk about the dollar.  I was given the time to briefly sketch out my view of the dollar.  Near-term, I am concerned about the political and economic events in September,  but I am looking for a better Q4 for the greenback. 
I have not given up the idea that the dollar's pullback this year is a correction to …
Cool Video: CNBC Clip Tactical and Strategic Dollar Outlook Cool Video:  CNBC Clip Tactical and Strategic Dollar Outlook Reviewed by Marc Chandler on August 30, 2017 Rating: 5
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