Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing the rest of the world is just driving capital here. So you can see bond yields coming down precipitously but still see it being something that doesnt drag the stock m
Joe is back. [deval patrick tolet me bring this hearing order. It might be the only hearing the house of representatives has had for the pending legislation. I want to thank our witnesses for joining us. Todays hearing is the first and likely the only hearing on hr one tax legislation. Lets give some historical perspective. 2000 one, when president bush took over from president clinton, cbo estimated the total Budget Surplus would be 5. 6 joined dollars. 5. 6 trillion. What actually happened was the federal government ran deficits totaling 6. 1 trillion. What happened between president taxtons time and federal cuts was simple. Tax cuts in 2001 followed by a tax cut of 120 in 2003. In 2005, there was a tax holiday that also cut back billions of dollars in terms of federal revenue. Each time, like today, republicans promised job growth. They took us to the casino, we win. Ot you really get. The Treasury Department issued a one page and analysis on monday is an 2. 9 growth that entirely c
House of representatives has had for the pending legislation. I want to thank our witnesses for joining us. Todays hearing is the first and likely the only hearing on hr one tax legislation. Lets give some historical perspective. 2000 one, when president bush took over from president clinton, cbo estimated the total Budget Surplus would be 5. 6 joined dollars. 5. 6 trillion. What actually happened was the federal government ran deficits totaling 6. 1 trillion. What happened between president taxtons time and federal cuts was simple. Tax cuts in 2001 followed by a tax cut of 120 in 2003. In 2005, there was a tax holiday that also cut back billions of dollars in terms of federal revenue. Each time, like today, republicans promised job growth. They took us to the casino, we win. Ot you really get. The Treasury Department issued a one page and analysis on monday is an 2. 9 growth that entirely contrary to what economists have suggested across the board. The reality is tax cuts do not favor
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