difference between short-term and long-term interest rates is what the bond market uses to predict growth plus inflation for the next seven years. now, that spread or that difference has declined 20% since the middle of march. so the bond market is saying a lot of this is transitory. if you just think about this from a not so fancy-pants interest rate spread point of view and you say, look, it s a lot easier to flip the light switch off for the economy than it is to flip the light switch on x. if you use, as liz mentioned, wall street sell-side analysts, they are the most overly optimistic people in the world [laughter] and they have been consistently underestimating the snapback in growth of the economy as we came back. so on march 31st the expectations on this quarter s earnings was 53%, and right now we re tracking close to 70% year-over-year growth. so things are coming back much
seal that deal. joining me now, former state department spokesperson under president obama marie har harf. always good to see you, thank you for being here. of course. martha: it seems that what we are seeing here is the same kind of back-and-forth that we witnessed with the north korean leader. we are now seeing with rouhani. what is wrong with pushing his buttons, given all that iran continues to carry out in the middle east? i think it s good to be tough on iran given what they are doing in the region. i agree with that but my question to president trump, first about the tweet, or else what? what is he threatening? i get it that he wants to talk tough. martha: the snapback for the sanctions is coming. i don t think he was tweeting about snapback spirit with all due respect to the president, it sounded like he was trying to be tough, but the bigger question i have is what is the plan? the president bawled out of the iran deal, pledging to negotiate and better deal. to thi
will stand for your demented words of violence and death. be cautious. joining me is nbc news chief foreign correspondent richard engel and four-star admiral william mccraven known as the leaders of the special forces that took down osama bin laden. admiral mccraven, this war of words sounds to me like it s being done for effect. it s part of a coordinated strategy that deals with mike pompeo s speech at the reagan library last night, with the imposing snapback sanctions after the u.s. withdrew from the iran nuclear deal, with pressure that we reported first exclusively on nbc news. against europeans, countries, the three top european countries that their companies have to get out of tehran and stay out of tehran if they want to do business with the u.s. which is no choice. do you think it s actually a military threat? are we talking about squeezing iran hard and hoping that
that is so. james, this is noah rothman, commentary and george might have some thoughts on this as well. the fear it seems among trump spectacle conservatives and democrats that the republican party has been transformed into this version of donald trump which is rather distasteful at times as we ve seen, it strikes me, it seems to me at least, as though when donald the sec resy he is doing something conservative, he s signing conventional tax. when he gets trumpy the bottom fells out and the republicans are able to compel the president some act of contrition, does that suggest to you that a snapback to a sort of pre-trump era is possible in the post-trump era? you mean when donald trump is no longer among us as an office holder? correct. i guess it requires several leaps of foresight, for example what will happen during these
anticipate, but it gets back under 2%. would you support a snapback provision to snap back some of the tax cuts in order to deal with a huge budget deficit? well, look, that was discussed at the lunch today and, you know, the president came to capitol hill and it was a very good lunch. it was a good discussion. a lot of back and forth. that topic itself was raised by senator corker, senator lankford, and it s something that i m certainly looking at because it raises an important point. i think we re going to get back to levels, we re already starting to see it, traditional levels of growth 3%, 3.5%. that we need particularly in terms of the middle class. they haven t seen strong growth in over a decade. the tax bill is going to be a key part of that. that s why a lot of people are excited about it. you re potentially open to that snapback provision? i am. did the decision for chuck schumer and nancy pelosi to back out of their scheduled white house meeting with the president