About the good news 1st. Um, the great recession, some of the warning of doesnt seem to really have materialized. Global growth is expected to remain steady at over 3 percent this year. How do you explain this kind of surprising resilience . Well, we had the yes, we had a very resilient Global Economy. Were predicting global growth, a 3. 3 percent this year and next year. And thats the same growth number as last year. 2023. So its kind of a steady growth, not super charge. Some and a story cool growth rate that we like to point to is what we had between 22019. 00. That was more like 3. 8 percent. So its modest, but very far from the global recession or anything that may have been predicted at the time of the coming out of the pandemic and the inflation search. So what explains it . Weve had a good news on the supply side. So unwinding of supply fractions restrictions and supply chains. And weve had also very good news on the labor side, a very strong increase in labor force participati
Super storm sandy so long how it was that new york had failed to issued evacuation orders and how it was that 70 buildings and key pieces of infrastructure were flooded. During that storm. In the meteorologist there who were incredibly talented cap time in the same thing over and over again. We are just not very good at forecasting in predicting it. For the kind of havoc that is erect by these storms. We saw that in 2017 with hurricane maria. In thinking about the infrastructure and predictions and how it is that we respond to Natural Disaster it occurred to me that for all that is powerful about a hurricane they are no no where near nowhere near our most powerful phenomenon. Earthquakes are stronger and so i started to think how do we prepare for those sorts of Natural Disasters. As a nature and nation. When you think about that. We have the Air National Guard and is capable of flying these into the storm. It will drop the little technology pieces. With all of the technology we can tr
Underserved rural areas. People who have games would be able to also suffer into for them through investment opportunities. Other state helped wreck capital towards underserved areas to incentivize progress. The historical tax credit that one is a fascinating approach so that you can list the areas that struggle. You get the dollars flowing in the direction in a smart way. One thing we want to regret is that we focus on reform. We need to continue the discussion which is why i say the tax reform is not over and another thing while we are talking about that, we are saying to china, canada, mexico, this isnt going to happen we are not going to fall behind before we respond again we will do what it takes to keep our american competitors competitive keeping the code better for families and workers. Theres no question thats the argument i made earlier about locational Vocational Education and the whole notion of the new markets tax credit. There were opportunities with the block grant money
The rules Committee Comes to order the photographers asked for 80000 pictures. Mr. Chairman things and welcome to the rules committee we previously began tonights markups with hr 3312 with the equipment act of 2017 and the chairman has given the testimony now to the considerations from hr one tax cuts and jobs act this is bold pro growth bill that unleashes the Free Enterprise system so the job creators can focus on their job to create jobs and giving people the opportunity to better their lives including increasing paychecks and the opportunity to have our country not only forward but at the same time. Mr. Chairman i have characterized still for quite some time as an opportunity to take 5. 6 trillion with ten years worth of tax Code Provisions and those that might do a lot for individuals or family or business that is unleashing the economy with 5. 6 trillion for the tax provisions with an opportunity to create america and to look at us and to move that forward. Lots of people are out
Good afternoon. Im Tyler Mathisen right now you can see the industrials up around maybe a tenth of a percent very small moves for the s p, nasdaq and the russell as well today. Utilities in health care, they are leading the way. Energy lagging today good day for semistocks, amd, applied materials. They are among the s ps top performers retail moving, too ross stores, home depot, all hitting lifetime highs but it is not completely pretty in the sector youve got macys, coal, lbrands and nike among the s ps worst performers. Caterpillar is up there so far this year. A great year for stocks. Unfortunately for investors, that is not normal, its not even the new normal and bob pisani, some of the things that made it unusual and we get back to a more normal performance in 2018. Hi, bob. The question is reversal to the mean they say 2017 cant happen again, but why not many traders say we cant have 20 returns in the s p because its just not normal look at the average. Its about 8 since world wa