The Senate can pass tax reform with a simple majority but there is a catch.
To use what is called the budget reconciliation process it cannot add to the deficit beyond the 10-year budget window.
Those asset sales will cause massive ETF redemptions on the part of the investing public, which will send individual stock prices plummeting and push ETF prices into a death spiral.
Therefore, we should all be fully aware where all the inflation created by central banks ended up.
That is up billion, or 14%, from the fiscal year 2016.The S&P hit a bottom of 666 in March of 2009, which led to the most humongous intrusion into free markets by the U. Michael Pento produces the weekly podcast "The Mid-week Reality Check", is the President and Founder of Pento Portfolio Strategies and Author of the book "The Coming Bond Market Collapse".Its official…the stock market has broken above 23,000, and its valuations should now scare even the most mind-numbed carnival barker on Wall Street.read more The federal budget deficit widened in the fiscal year 2017 to the sixth highest on record, creating a budget shortfall of 6 billion.The overspend resulted primarily from an increase in spending for Social Security, Medicare, and Medicaid, as well as higher interest payments on the debt due to rising rates that drove up outlays to trillion, which was 3% higher than the previous fiscal year.