With a economist. This economyf this contracted for the First Time Since at least 1990 two. A big contraction, more than was anticipated. What is your instant reaction . Robin let me be clear. The First Quarter contraction is not a surprise considering the lockdown in late january and february. Outputch industrial dimension and trade data suggested the supply side in the chinese economy has been on a recovery path. Are first in, first out amid this covid19 recession. We have seen the worst First Quarter followed by a shallow recovery from the Second Quarter onward. The ip data is better than retail sales or domestic data, means the supply side has been largely mobilized with now 90 of factories in china, 40 are operational. Many are back online. That is why we see activity and improving activity improving on the supply front. Bolstering recovery in the next stage has shifted as lockdown in china has been replaced by softer social distancing measures which means people return to work, b
Ont that we had crude down the day. A little bit of a disconnect, scarlet. Scarlet that is a good point. Energy stocks up 10 on the day. The next best performing group is financials. If you look at it on a five day basis for the week, energy and financials are among the laggards here. Forget what happened in the first quarter. Forget what they are saying about the Second Quarter. End, i wonder what that really tells us about. Again, i think that what we are dealing with here, and what i was trying to say when the bell rang, we are dealing with the cash flow issue. It comes down to how long the economy is in suspended emanation. If this is a short but deep recession, things will come back online towards the end of the year. Programsus stimulus will help keep consumers and businesses afloat so they can get back up and running relatively quickly. But the risk is that we deal with multiple waves of infections or a downturn that lasts longer than we are expecting. Romaine i want to bring ou
If i sound behind though what it means to experience gentle mutilation as a little cold feet after effects the resulting pain and disability my hands still show the complication snowman him. Every day fatima coren battles with what was done to her as a child in somalia for more than 30 years she has worked in germany as an interpreter and author of now more and more unaccompanied young women who have undergone f. P. M. Have been coming to germany for help. Vs the buy and push from just thats what the key to this massive destruction of sexuality is absolutely deliberate. And sometimes that is the central motive for this 1000 year old tradition women are not supposed to be able to act out their sexuality on sex and especially not enjoy the god stuff on software. 95 percent of women in somalia have undergone genital mutilation fatima corn was born there are 964. 00 to a family of nomads she was caught at the age of 7 according to what is sometimes called fairy onic tradition. In its own m
If i sound big i know what it means to experience gentle mutilation as a little girl the after effects the resulting pain and disability my hands still show the complications in my head. Every day fatima koren battles with what was done to her as a child in somalia for more than 30 years she has worked in germany as an interpreter and author now more and more unaccompanied young women who have undergone f. P. M. Have been coming to germany for help. Vs the by and question because its what they teach this massive destruction of sexuality is absolutely deliberate. And since that is the central motive for this 1000 year old tradition women are not supposed to be able to act out their sexuality in sex and especially not enjoy it because the stuff on software. 95 percent of women in somalia have undergone genital mutilation fatima corn was born there are 964. 00 to a family of nomads she was caught at the age of 7 according to what is sometimes called fairy onic tradition. In so my you here
I appreciate members participation during yesterdays igs session. I was glad to hear everys initial thoughts. However, a number of issues were raised yesterday that in my view warrant some additional responses. First at characterization of the bill as a massive tax cut for the rich that particular claim was repeated by almost every minority member of this committee. The problem with that claim is that its just not true. The joint committee on taxation a nonpartisan congressional scorekeeper has concluded not only does the bill maintain the current level of progressivity in the tax code but the largest tax cuts in terms of percentage of income will go to middle income earners. I understand that the districtsal analysis is inconvenient for the democrats who are committed to the narrative that republicans intend to give the socalled rich a huge tax cut. But jcts analysis shouldnt be ignored altogether. Secondly, there was the repeated claim supposedly placed on jct analysis that the bill