Being against a rate hike and accepting its not inevitability are two very different things. We need to understand the difference. While you may not like it, you need to start accepting it. First, he get that we cant have ultralow rates forever, even if theyre good for the stock market for the duration. Eventually too much money chases too few goods and we get inflation. Inflation is pernicious. There are reasons weve never had ultralow rates forever. It has to do with the inevitable debasement of our money and dramatic decline in our purchasing power. The fed has two mandates, promote an environment for an flourishing economy, and the second to avoid inflation so people cant keep up with the rising price of goods. I certainly am not in favor of turbo charged inflation. However i am concerned that the first mandate might be upended by higher rates. Right now, after that barn burner of an employment number last friday, its difficult to fret over job losses. Ive been worried about the pr
By higher rates. Right now, after that barn burner of anmployment number last friday, its difficult to fret over job losses. Ive been worried about the precariousness of our trading partners like china. But china is back in bull market mode, even if the strength is in consumers and not industrialrelated. The data out of europe is pretty strong, that i follow. We know a lot of the strength comes from weaker euro. Companies that sell in europe rows are taking share from american competitors. Thats decidedly bad. But to worry about china or europe, that seems wrong. Thererwill be negative reverberations in emerging rkets. Thats a given. Theres always people caught up in that old trade. Thats one reason im not crazy about a rate hike. Them every day for weeks on end. Most important, i believe the causing the exports of our dramatically versus overseas competitors. Well have playoffs as manufacturers cant keep up, as we open borders versus every other country. They seem to be offset right n
Turbo charged inflation. However i am concerned that the first mandate might be upended by higher rates. Right now, after that barn burner of an employment number last friday, its difficult to fret over job losses. Ive been worried about the precariousness of our trading partners like china. But china is back in bull market mode, even if the strength is in consumers and not industrialrelated. The data out of europe is pretty strong, that i follow. We know a lot of the strength comes from weaker euro. Companies that sell in europe rows are taking share from american competitors. Thats decidedly bad. But to worry about china or europe, that seems wrong. There will be negative reverberations in emerging markets. Thats a given. Theres always people caught up about a rate hike. But these ramifications are inevitable and youll hear about them every day for weeks on end. Most important, i believe the dollar will soar on a rate hike, causing the exports of our companies to decline dramatically
Democrats to compromise. I watched Speaker Pelosi sit there and would not negotiate with anything. So i give President Trump a lot of credit. He put the American People before politics. What people are celebrating, saying Speaker Pelosi is strong because she got status quo . Thats not what the country wants. Country wants to find common ground. Dana peter doocy is live on capitol hill. Do democrats sound any more likely to consider border wall money by february 15th, the new deadline . Reporter some in the rank and file do, dana. Theyre starting to use more open minded language than their leaders who still refer to a border barriers a midevil. Were not trying to draw any lines in the sand. I want to vote to have border protection, to reduce the flow of drugs and illegal immigration. I wouldnt rule out barriers in places where its appropriate. I think thats acceptable. Reporter the heavy lifting on a possible border wall bill will be done in a conference committee. They meet wednesday.
Do it with or without congress. The efforts to continue to build physical barriers which have gone on in the last two administrations will continue but not to the degree that the president has requested. The president is the only one who has been reasonable in these negotiations. I think democrats want to look at the holistic approach. Immigration reform, pathways forward to some people. Clearly the president has shown real flexibility here for a guy who is not always that flexible. Bill were live at the white house to begin our week. Garrett, good morning. Three weeks. What does the white house expect in that time . Well, bill, good morning to you. President trump does not have High Expectations for these negotiations. He put the chances of congress coming up with a deal he could sign at less than 50 . To be clear, one key issue in these negotiations Going Forward will be what kinds of barriers are funded. Democrats are staunchly against a wall as the president has described it. There