Growth. You have to look at the round the last 12 months and we could still be a path of up to 3 so that would be a sign of improvement in the job market. The job creation is fine. The wages was. 3 with the revision down to. 1 so a. 2 per month. If we can get wages pulling, you can get inflation going, which is what the fed wants to get going. I do think you are seeing marketetty solid labor thats not necessarily extremely overheating, but its a good thing for markets and equities. This is not a labor market humming along. It is certainly not consistent with needing to raise rates. And i think it pushes the fed possibility of raising back. This is a labor market that potentially looks like its beginning to slow. The labor market is actually really hot, but the run rate for job growth is below 100,000 probably, so anything above that to me is taking away the slack in the labor market. The labor market is not hot. Its not humming. Its slowing and relatively weak. As the economy continues
Them. Cohen told bloomberg tv that the federal government have to figure out some way to select their revenue the matter what states try to do. I understand with their child to do for their cities and their states and their taxpayers. We have the federal government still have to collect revenue. We have to evaluate what decisions they make in terms of what it does for overall collections at the federal level in the federal tax system. David we want to welcome now Kevin Cirilli and Marty Schenker could cap and ask the unfair question what is he talking about . Kevin it is kind of a surprise. I thought it was a great interview earlier today by our colleagues because i think as this gets implemented, the republicans, particular those in states that are impacted by the state local Tax Deduction issue, states like new jersey and new york, there are republicans and there and have a lot of concerns about this. Privately to the sources of talked to on capitol hill leading up to the tax vote, t
Want to show you this. I think i am going to show show it to the media. Both real an fake media by the way. This is what it took takes to get something approved today. Elaines you see that. This is what it takes. Permitting process. That is a flow chartc. Seven teen years. I could have built it 4 or 5 million without the permitting process. It costs hundreds of millions of dollars but it took 1years, to get it approved and many, many, many, many, pages are Environmental Impact studies. This is what we will bring it down to. This is less than two years. This is going to happen quickly. That is what im signing today. This will be less than two years for highway. It is going to be quick. It is going to be very streamlined process, and by the way, if it doesnt meet not going to approve it, very simple. Were not going to approve it. This is maybe, this one will say lets throw other one away. Would anybody like it from the media . Would anybody like the long beautiful chart . You can have i