#i have important questions now. did alex write that? or did greg improv this? WAS THIS A PURPOSEFUL REFERENCE???

[youmagnificentbeast]

[freshleadprovider]

Best SEO Strategy: I asked 200, 82 replied, 36 unique responses.

Off-page SEO strategy - Get press backlinks The best SEO strategy is to focus on getting more authoritative backlinks. HARO is one practical means to that. This allows me to get valuable media coverage from high-traffic websites that are great for branding. Aside from being free, the audiences I get are organic. And organic audiences tend to become more loyal customers. – Marcus Clarke from Searchant.co, Ashish Goswami from 21Twelve Interactive, Neal Taparia from Spider Solitaire Challenge - Write round-up articles You should at least have an idea about what your audience would want to read. What’s next is to do serve it to your audience. Do your research and round up amazing resources from around the web and include them in a well-written, good-looking blog article. Alternatively, you can round up experts (like this) and create a super epic article including insight from experts (everyone loves that). – Inspired by Sam Shepler from Testimonial Hero This will not only allow your audience to read what they want but you can also do email outreach to those you linked and ask for a social share or a link back. – Inspired by Saurabh Jindal from Talk Travel - Perform offsite blogging (commonly known as guest post) A technique that is widely avoided and known to have a negative impact. But not for me. Writing guest posts for third-party websites has been very successful in driving traffic to my site. It’s a simple barter – quality content for a quality link. I simply write a piece of article that is relevant to their audience and include a link back to my website. That way, whatever traffic that comes to them is also driven to my page. What I love the most is it not only boosts my website’s ranking but it works as a free ad driving traffic from other sites. – Israel Gaudette from LinkTracker Pro, Catherine Way from Prime Plus Mortgages, Forrest McCall from Don’t Work Another Day, Malte Scholz from Airfocus - Reach out to relevant bloggers To build links, you have to do some serious outreach work. Find blogs that have written articles in a similar area, and email them to suggest that they link to your incredibly relevant article. For businesses in competitive industries, link building is a must if you want to outrank your competitors. – Andy Cabasso at Postaga - Create quality content and outreach (aka skyscraping) Instead of contacting every site on the web to ask for a guest post, we identify the big players in the industry that are actual brands with blogs. Then, we spend weeks crafting a piece of epic content with data, statistics, unique graphics, etc. When we pitch a guest post to them with the content we’ve created, they almost always say yes. This secures us such great backlinks that we, thankfully, don’t have to do a lot of link building. – Alex Williams at The Website Flip, Jacob from FitzDesignz, Brian Robben from Robben Media - Use Google My Business Invest in GoogleMyBusiness optimization. You need to contribute often via posts, offers, and videos. This will push your rankings in the map pack. – me - Broken link building My best SEO strategy is finding broken links by using Ahrefs. I look for the links that I could replace in the needed category. After I have found some, I will create a new article that could replace the old broken link, unless I already don’t have the suitable one. The next step is to inform the publisher about their broken link with my new valuable link. It is not only beneficial for me but also for the publisher because broken links on the page are a bad experience for users and can also negatively affect SEO. – Jete Nelke from Food Docs - Find hidden gems by Ahrefs Content Explorer - Appear on podcasts Step 1. First, we search for podcasts that we want to appear on, and that is relevant. We brainstorm ‘keywords’ to try to narrow down which podcast our target audience would be listening to. These keywords can be people, or broader topics such as ‘Millennials’, ‘Finances’, etc. And once we have our list, we type into google “TOPIC” inurl: podcast’. This gives us a base list to work off. Step 2. We need to be able to get in contact with these people who are associated with the Podcast – ideally the email address of the host. There are tools available online such as Hunter.io, Voila Norbert, RocketReach who will help source these email addresses for you. Step 3. Send that pitch! One of the things that we like to do when sending out outreach emails is timing the end of these emails. We find that these emails have a better chance of being responded to when if we were to send them in the afternoon – either just before or after lunch. We avoid sending them in the morning as that tends to get lost in the avalanche of emails that comes through to a person’s inbox overnight. Additionally, like with any other outreach emails we send, we only send 3 times to the same email address – we mostly get responses in the 2nd or 3rd email we send out. If we don’t get any response, we move on to the next email for the same company/podcast that we found in step 2. Step 4. When you’ve successfully managed to reach out to someone who is interested in what you have to say – record that podcast! Step 5. Share and promote the podcast with the world – it’ll be rude not to. Step 6. If the podcast host hasn’t linked to your website already, reach out to them with a follow-up email thanking them for letting you appear as a guest, and kindly ask for a backlink – David Toby at Pathfinder Alliance Content SEO strategy - Create E.A.T. content E-A-T stands for expertise, authority, and trustworthiness. Google no higher rank just good, engaging content. Now, they are concerned that a piece of content that ranks is unreliable and can damage the potential searcher. This is especially relevant in the YMYL (your money or your life scene). You see sites in the health space, law space, or financial space having issues with Google algorithm updates because their information may be unverified. Google is requesting that sites present their expertise, authority, and trustworthiness. Google goes into great detail about how to measure if a site or page has the qualities needed to reap a good E-A-T rating. – Andrei Vasilescu from DontPayFull, Cyrus Yung from Ascelade, Brack Nelson at Incrementors SEO Services, Greg Birch from StoreSpace - Focus on long-tail keyword This is common knowledge in SEO but its success is easy and impactful that it deserves a mention. By the time you join the SEO game, your competitors would have already dominated the top money keywords. You are now presented with two choices: Go big, challenge them with a massive amount of investment, or go small, wait for your chance to overpower their site. Although long-tail keywords have a much smaller audience, they are much more specific, less competitive, and will therefore appeal to a more attainable audience. To give you an example, if our firm only used short-tail keywords like “law firms”, this would appeal to a large audience that could have varying needs and expectations and will also be competing with all the other content which uses them. If we use long-tail keywords like “law firms Virginia”, you can see how this would appeal to a more specific audience. Using keywords isn’t all about the size of the audience, but rather the potential for a response that you might get from an audience. – Peter Horne at McDonald Injury Law, Omer Reiner from Florida Cash Home Buyers - Test your funnel Your content is created with the purpose to drive traffic and eventually, sales. You can forsake the conversion rate game in pursuit of traffic but if you already have a strong presence, you will need to up your conversion rate game. To make the most of your SEO strategy and increase conversion rates, it is essential to A/B test faster than all your competitors. Constantly be testing and improving every step of your sales funnel. For your website, constantly test new copy on your landing pages. The faster you can test, the faster you will find the best results, and the faster your business will grow. – Ray Blakney at Live Lingua - Conduct “search intent keyword research” and optimize for it Let’s say for example that you are a dentist, you might think that ranking for the keyword ‘tooth pain’ is a smart option, but if you actually conduct a search on Google for that term, you’ll see that not one single dentist is ranking for that, as Google has determined that the search intent (what the majority of people actually want to see in the results) are home remedies for getting rid of tooth pain, or what are the causes of tooth pain, etc. This means if a dentist did not conduct this research, but went ahead and spent their resources trying to rank for this, they are fighting a very difficult uphill battle. It doesn’t take much time to do this research, and can honestly make or break the success of your SEO efforts. It’s important to get it right from the start, otherwise, every other SEO strategy that you implement after that is potentially wasted effort. – Ryan from LandofRugs, Daniel from The Snow Agency, Mark Armstrong from Mark Armstrong Illustration, Joel Shetler from WorkSuites, Nijat Huseynov at TonerBuzz, Charles McMillian from Stand With Main Street, Willie Greer from The Product Analyst, Ernests Embutnieks from World of Tablet, John Webster from Voyagers Travel, Jake Peterson from Atiba, Saad Qureshi from Ivacy In other words, your content should be answering their search question in an engaging way. Your content should make them want to share and read it. Your content should impress. Your content should be written for humans – Inspired by Edward Eugen from 10Beasts and Perryn Olson from Rex Engineering - Work on topic clusters Rather than focusing on keywords, we have decided to instead work with topic clusters, which allows us to more accurately target the needs of our potential clients and appear in organic searches. Yes, some people search keywords, but many still search in sentences and we will be there for those individuals. – Andrew Taylor from Net Lawman - End the search journey Create truly comprehensive content that concludes the search journeys. What that means is that after landing on your web page from organic search, the visitors close the tab altogether, versus going back to search or running a new query. There’s no way to define what “comprehensive content” means — that depends on your specific industry and the search intent. But as long as your content fulfills the searchers’ needs — your SEO strategy is bound to succeed. – Vlad Shvets from Paperform - Improve your readability Readability is everything. If people are getting to your page but not staying, your page likely needs some improvements. Rich media, writing around a 6th-grade reading level, providing a table of contents with anchor links are just some ways to improve scanning/readability (and subsequently, bounce rate). – Lyamen Savy from 321 Ignition - Create long-form content The #1 SEO strategy is to create definitive long-form content. I’m not talking about an article that’s 1,000 words or even 2,000. I’m talking 3000+ words. By creating an ultimate guide, we saw our rankings for the keyword we wanted skyrocket to an average SERP ranking of 1.3. This gargantuan article covers everything a potential buyer would need to know about buying the product. By doing this we created a resource for potential buyers that’s also the perfect resource for external websites to build links to. This led to a tremendous increase in traffic, organic links, and most importantly sales. Content is king! Long live the king! – Asher Weinstein from ProjectorScreen, Felix Bodensteiner from TableLabs We frequently use original research and data in our content. The data is fact-based and usually displayed in visual charts that tell a story. This makes it easy to convey the findings and it is differentiated from normal text. Uniqueness is the key and it must add distinct value. – Kevin Miller from GR0, Reuben Yonatan from GetVoIP - Create content pillars Along the lines of creating long-form content, this SEO specialist has even longer ambitions (pun intended). My best SEO strategy that has driven significant traffic and clients over the years has been keeping my blog exclusive to pillar posts and interlinking them. I achieve this by comprehensively covering every topic that I discuss, generally 5,000 words or more per blog post where I link back to each one of my previous blog posts. Then, once the post is complete, I go back into my pre-existing blog posts and link to my new one with the anchor text that I want to rank for. – Tanner from Source Approach, John from Roofing Webmasters - Employ Natural Language Processing (NLP) The best SEO strategy that we have employed is focusing on Natural Language Processing (NLP). This is writing in a simple, direct manner that Google always understands. This means answering questions by restating the question, cutting down on sentence length, and reducing “personality” in blog posts. Taking away a lot of the personality from articles (particularly from the beginning of each section) is scary to a lot of clients, who really want to connect with their readers on a personal level. However, Google values NLP because it is simple to understand, it gets straight to the point without wasting the reader’s time, and it answers questions instead of dancing around them. – T. Josiah Haynes from Content Creators Agency, Jeremey Alderman from TechnologyAdvice - Siloing content We are doubling down on siloing as a way to rank for more difficult, larger keywords in the long term by organizing and internal linking content in a logical way. The way we have organized these silos is to consider where the reader first lands, where their second click would be, and then their third click. This helps to put content together into groups or silos so that Google understands the relationship between the content and helps our first click page to rank higher, overall, for the most difficult keywords we have ID’d as long-term targets. We use internal linking with focus keywords to help signal to Google the keywords to rank that page for. – Kristine Thorndyke from Test Prep Nerds - Steal your competitor’s strategy Nowadays, there are countless platforms you can use to see exactly what your competitors are doing to get traffic. SEMrush and Ahrefs are just two examples that are as powerful as they are affordable. Pick one and then get busy reviewing your competitors’ websites for what keywords they’re successfully targeting and, just as important, what pages they’re using to target them. There’s plenty of room for ingenuity and to improve on what the competition is doing, but if you start from scratch, you’re going to waste a lot of time and money. SEO is a lot simpler when you let your competitors help. – John Greving from IWD Agency - Flip the intent hierarchy The best SEO strategy I’ve ever used is to flip the intent hierarchy. Most businesses try to focus on top-of-funnel content. These keywords tend to drive lots of traffic, but also provide very little business value. Instead, you need to first exhaust your middle of funnel and bottom of funnel keywords. These tend to drive little traffic, but that traffic also tends to drive a lot more sales. – Danavir Sarria - Identify keyword gaps and utilize them The fastest way to find out what “keyword gaps” your site has is to use a tool like SEMRush, Moz, or Alexa Internet to identify what keywords your site is ranking for. Compare this to the keywords that your top competitors and key industry sites are ranking for. With this, you’ll find your keyword gaps, including whole clusters of keywords that have been blind spots for your company. Use this list to create valuable, SEO-friendly content to attract visits from your target personas. – Tom Treanor from Treasure Data. Technical SEO strategy - Adopt mobile-first policy Google was known to consider the desktop versions of the websites in the search rankings. However, in the first half of 2020, Google has announced its new policy to prioritize the mobile-first indexing for every website in the search results from April 2021. This means that your website must be fully compatible with any mobile platform if you want it to be ranked on the first page. Your website must be fully surfaced in the most suitable manner on any mobile screen. You might use Google’s mobile-friendly test tool to determine your website’s mobile-friendliness and check how it’s rendering on mobile devices. – Andrei Vasilescu from DontPayFull, Mansi Fatnani from Elsner and Audrey Truitt from My VirtuDesk, April Maccario from AskApril. - Optimize your crawl budget Crawl budget means the number of web pages Googlebot crawls and indexes within a particular time frame. If your number of web pages exceeds your website’s crawl budget, Google crawl might not be able to crawl and index your website’s essential pages. If your important pages do not receive organic traffic, you will have no conversion and no business. So a crawling budget is very crucial. The best way to increase the crawling budget is by identifying non-relevant pages from your website, such as tag pages, categories pages, author pages, and block them from the robots.txt file. – Simon Dwight at SDK Marketing. - Perform internal linking Linking to other pages or blog posts on your website helps search engines crawl your website. It helps your audience discover more of your content and to know you as a trustworthy and credible source of information. Internal links to other valuable content keep users on your site longer, reducing your bounce rate and increasing your conversion potential. Always think about whether these links are naturally related to your topic and whether they will offer significant value to your readers. – Simon Dwight from SDK Marketing, Aastha Shah from Meet Anshi, Roberto Torres from Turrem. - Write shorter and compelling meta descriptions Google has now come back to its previous limit of 155-160 characters for meta-description. Therefore, bidding farewell to longer meta descriptions is a must. When your click-through rate deteriorates, you’re just directly telling Google that your site isn’t trustworthy and will definitely pull your site down in the search engine result pages. To avoid this, you need to write a short but unique description for every page you have. Make sure to place the most intriguing and compelling descriptions in the first 60 characters. With it, your users will clearly have a glimpse of what’s on your site, and they’re definitely going to click on it directly. The more clicks the better your click-through rate is. The more useful and trustworthy it’ll look to Google, the better SERP ranking you’ll have. – Jeff Walker at Best VPN Canada, William Cannon from Signaturely, James Idayi from Cloudzat - Write captivating SEO titles Title tags are what will appear in search results and they are what give users an insight into the content and why it is relevant. With a title tag that includes target keywords and matches the user’s search intent, it is more likely it will be higher in rank. – Mehvish from Zen Media, Tareihk Geter from OSI Affliate Software, Sonya Schwartz from Her Norm Type your keyword into Google and look at the title tags in the top 5 results. Those title tags are there because they’re getting results (i..e., high CTR). Don’t copy another web page’s title tag but instead see if you can come up with an even better variation. – Rob Powell from Rob Powell Biz Blog - Improve your page speed Making sure that your website loads and performs well not only improves your rank on the search engines but will also guarantee that the visitors of your website are given the best experience possible. – Simon Elkjær from avXperten, Justin from JS Interactive, Michelle Devani from lovedevani, Kinjal Vyas from Global Vincitore, Lucas Travis from Inboard Skate, Mark from Shotkit, Monique Gesmundo from Growth Rocket, Tayyab from WPBrigade, JJ Lee from Digital Funnel This is in line with Google’s newest Core Web Vitals update. The update where they placed an enormous emphasis on on-site experience and how it can dramatically alter your search engine results. You can do this by removing unnecessary CSS, unnecessary plugins, unnecessary code, and over-complicated site animations. Your site should pass the Core Web Vitals test accessible from Google Search Console (they also provide insights into what problems your site has). - Improve your UX (user experience) Incorporating UX is an integral part of SEO best practice. Content needs to be easily digestible and written in a way that provides an optimal user experience. This means that writers should avoid long blocks of text, filled with jargon. Headers should help the user understand what different segments of the article are about and provide structured organization. Infographics and images will also play a key role as far as communicating information with the user in an engaging way. – Kimberly Smith from Clarify Capital, Samantha Moss from Romantific, Chris Nutbeen from Nuttifox - Optimize for voice search Voice user interface allows users to interact with websites through voice commands so it adds usability and functionality to your site making it accessible to all users including those with limitations and disabilities. One key trend to address and tackle to grow your audience today is that smart speakers and voice search are growing in importance so being able to optimize for voice search will be key to maximize the marketing and advertising opportunities on Siri, Alexa, Google Home, etc. Are you prepared when customers ask for help like “Alexa ask Nestle for an oatmeal cookie recipe” or “What is the best Mexican restaurant in London?” If not, you are missing a big opportunity! There are always new shiny objects in marketing to distract you, social media and technology are 24/7 but SEO is here to stay whether it is via Google or voice. – Paige Arnof-Fenn from Mavens And Moguls - Shorten your URLs The best SEO strategy that has worked wonders for our site is short URLs rich in keywords. Our comparison of short and long URLs revealed that short URLs tend to outperform long ones, and we, therefore, embarked on reworking this. What we focus on is making the URL just the keyword or one targeted keyword plus another word. The effect has been increased backlinks that make our pages rank better. – Harriet Chan from CocoFinder - Optimize for image SEO Google images are the second largest search engine by volume (bigger than YouTube even). Optimizing your product images with ALT text is essential to ensuring they rank in product-related image searches. The images link to the product pages where interested parties can purchase easily. Additionally, images are a powerful revenue opportunity via shopping capabilities on social media sites like Instagram and Pinterest. – Kent from Anvil Media Bonus entry – productivity & mindset - Organize your workflow Come up with a list of daily, weekly, and monthly SEO tasks you want to tackle – and make sure you stick to it. It’s all too easy for SEO projects to fall by the wayside in favor of tactics that provide more immediate results, like PPC. But SEO is a long game, so it’s important that you set aside time every day to fuel those long-term results. Whether you’re implementing schema markup or working on a timely blog post, make sure you’re putting in the work to reap the rewards in the months ahead. – Dakota Connell-Ledwon from Skykit - Think from a different perspective My top tip for an effective SEO strategy is to be diverse: don’t just use one metric to measure sites for guest posting, don’t use one style of content creation, don’t use one approach to everything. Be adaptive and you will be able to generate a variety of leads and show Google’s algorithm that your site is well-managed and proactive. – Hannah Stevenson from UK Linkology Visit my profile for the original. submitted by /u/Moi_sannite [link] [comments] https://www.reddit.com/r/SEO/comments/n6yf6p/best_seo_strategy_i_asked_200_82_replied_36/

[michaeljtraylor]

Trump’s other tax problem – POLITICO

Editor’s Note: This edition of Morning Money is published weekdays at 8 a.m. POLITICO Pro Financial Services subscribers hold exclusive early access to the newsletter each morning at 5:15 a.m. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here.

Trump’s tax problem — No, it’s not just his own returns. I write here about how President Trump’s signature tax cut law remains remarkably unpopular and could prove to be a drag in 2020. It’s part of this reason Trump is in Minnesota to tout the law on Tax Day today and the White House will remain focused on it for the week.

Story Continued Below

What’s changed — Via AEI’s Karlyn Bowman: “I think the two major developments on tax attitudes are that Republicans have lost the edge they once had as the party best able to handle taxes … And Democrats seem to be making headway by hammering away at the rich not paying enough.”

Buttigieg gets in — Our Daniel Strauss writes here about South Bend Mayor Pete Buttigieg, already surging in early primary polls, officially joining the presidential field. Mayor Pete, as he likes to be called, faces longs odds of winning the nomination. But his generational appeal for an entirely new politics is clearly resonating.

Here’s what he told me in a recent interview: “So by 2054, when I get to the current age of the current president, the shape of the world then, both environmentally, economically, and beyond, that’s not a theoretical question; it’s a personal one that I have to prepare for just as a human being and I think that gives me a certain sense of urgency around the policy conversation, too.”

GOOD MONDAY MORNING — Congrats to 43-year old Masters champion Tiger Woods, an MM fav for decades, who gives hope to all us aging Gen Xers with bad backs. Email me on bwhite@politico.com and follow me on Twitter @morningmoneyben. Email Aubree Eliza Weaver on aweaver@politico.com and follow her on Twitter @AubreeEWeaver.

THIS MORNING ON POLITICO PRO FINANCIAL SERVICES — Victoria Guida and Patrick Temple-West on the White House’s move to exert greater control over independent government agencies and how it could permanently alter the political considerations behind regulatory actions. To get Morning Money every day before 6 a.m., please contact Pro Services at (703) 341-4600 or info@politicopro.com.

DRIVING THE WEEK — Congress is out on recess … Trump visits Burnsville, Minn. at 1:00 p.m. local time for a tax reform roundtable … Trump speaks at an Opportunity Zones conference on Wednesday … AG Bill Barr has said he hopes to release the redacted Mueller Report this week …

FORGET RECESSION — Deutsche Bank’s Torsten Slok: “We have updated our US economic outlook and we do not see a recession for the next three years. Growth will slow from 3% in 2018 to 2% and inflation pressures will abate and the Fed will stay on hold until the end of 2021 and long rates will stay low.”

GOLDMAN: TRUMP THE FAVORITE — Via a new report led by Goldman Sachs analysts Jan Hatzius and Alec Phillips: “An update and expansion of our prior work on the relationship between the economy and presidential election outcomes suggests that President Trump has a narrow advantage going into the upcoming election.

“First-term incumbents have a built-in advantage of 5-6pp in the popular vote, we find, and our economic forecast also gives the President a slim advantage. A somewhat negative net presidential approval rating only partly offsets this.”

AND HE’S RAISING BIG BANK — Via AP: Trump’s reelection campaign is set to report that it raised more than $30 million in the first quarter of 2019, edging out his top two Democratic rivals combined, according to figures it provided to The Associated Press.” Read more.

WH NOT TOO WORRIED ABOUT MUELLER REPORT — Our Eliana Johnson, Daniel Lippman, and Darren Samuelsohn: “While most of official Washington is on edge ahead of the expected release of special counsel Robert Mueller’s full report, Trump White House aides are shrugging off the fevered anticipation with a simple message: been there, done that.” Read more.

TRUMP GOES AFTER THE FED AGAIN — Reuters’ Howard Schneider: “Trump said on Sunday that actions by the U.S. Federal Reserve have nicked U.S. economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into the economy as it did during the 2007-2009 recession.

“Trump’s latest broadside against the central bank, delivered by Twitter and without citing any evidence, came as European Central Bank head Mario Draghi and other international officials worried that a Fed politicized by potential Trump nominees would rattle a dollar-based global system.” Read more.

And it cast a chill at the IMF meetings — WSJ’s Nick Timiraos: “Former Federal Reserve officials and foreign central bankers said … Trump’s combative stance toward the U.S. central bank could over time weaken the institution and its role in the global economy.” Read more.

IN NY PLAYBOOK TODAY — Check out news of a fresh PAC formed by tech companies in New York unhappy with how the Amazon HQ2 saga played out.

NEW ON TAX DAY — Americans for Prosperity has a new letter out today with other organizations “telling Congress that a federal gas tax increase is the last thing Americans need.” Read more.

MNUCHIN SAYS CHINA TRADE TALKS NEARING FINAL ROUND — NYT’s Alan Rappeport: “Treasury Secretary Steven Mnuchin said on Saturday that he believed the United States and China were nearing the final stage of trade negotiations, moving closer to what he said would be the biggest change in the economic relationship between the countries in 40 years.” Read more.

JACK LEW ON MMT — Former Treasury Secretary Jack Lew in remarks at Hofstra at the end of last week: “New economic theories will not erase the cost of servicing the debt, or the risk to our financial future if we simply abandon the notion that there is a limit to how much we can borrow and how much money we can print.”

DON’T GET TOO BULLISH — Mohamed A. El-Erian on Bloomberg Opinion: “Data released last week provided more support for the notion of short-term stabilization in China, but there isn’t yet a convincing longer-term case for higher growth, or for a less uncertain road for a global economy characterized by divergent performance among its systematically most important economies.” Read more.

POWELL NAVIGATES ANGRY PRESIDENT, TURBULENT MARKETS — NYT’s Jim Tankersley and Neil Irwin: “As soon as the Federal Reserve chairman, Jerome H. Powell, finished speaking at his December news conference, it was clear, even to him, that he had blown it. Stocks were tumbling. Analysts worried that the Fed was steering the economy into recession. And …Trump was furious.

“Four months later, Mr. Powell and the Fed have mostly repaired the damage, ending a steady march of interest rate increases and signaling that their next policy move may well be a rate cut if the economy continues to soften. Markets have rallied and recession fears have cooled. But one challenge has only worsened for Mr. Powell: Mr. Trump and his escalating anger at the Fed.” Read more.

Speaking of the Fed, what do you need to be on the board? — WSJ’s Greg Ip: “Neither Stephen Moore nor Herman Cain, political allies that President Trump hopes to put on the Federal Reserve Board, has a Ph.D. in economics. For fans and even some foes, that’s a virtue, not a vice. In these populist times, knowing too much economics means you’re out of touch, arrogant, and wrong. Few institutions have suffered the backlash against elitism and credentialism as much as central banks, which are mostly run by professional economists.” Read more.

WOULD A POLITICAL FED RESCUE THE WORLD? — Reuters’ Howard Schneider: “As a financial crisis spread across the globe in September of 2008, the U.S. Federal Reserve gathered in an emergency atmosphere as requests flooded in from other central banks for access to dollars.

“The ‘swap lines’ that the Fed quickly approved helped ease intense financial stress in foreign markets, but also showed the U.S. central bank was prepared to stand behind the global system. Would an ‘America First’ Fed do the same?” Read more.

S&P 500 NOTCHED 3RD STRAIGHT WEEKLY GAIN — AP’s Alex Veiga: “Stocks notched solid gains on Wall Street Friday, erasing most of the losses the market sustained after an uneven week of trading. The strong finish gave the S&P 500 its third straight weekly gain. The benchmark index is now just under 1% from its most recent all-time high set on September 20, reflecting the strong rebound for the market this year after a dismal slide in December.” Read more.

And the global stock rally has defied a dimming economic outlook — WSJ’s Akane Otani: “Global stocks are rising at the fastest pace in decades as growth around the world slows, leaving many investors questioning how much longer the market can defy the gravity of the underlying economics. Indexes from New York and Europe to China have soared double-digit percentages this year to regain most of their ground after tanking in the fourth quarter, supported by signs that central banks are willing to keep holding interest rates at low levels for the foreseeable future.” Read more.

NEW INVESTMENT FOR RIO TINTO — Per release: “Rio Tinto has committed $302 million of additional capital to advance its Resolution Copper project in the US state of Arizona. The investment will fund additional drilling, ore-body studies, infrastructure improvements and permitting activities as Rio Tinto looks to progress the project to the final stage of the project’s permitting phase.”

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[garkomedia1]

Trump’s other tax problem – POLITICO

Editor’s Note: This edition of Morning Money is published weekdays at 8 a.m. POLITICO Pro Financial Services subscribers hold exclusive early access to the newsletter each morning at 5:15 a.m. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here.

Trump’s tax problem — No, it’s not just his own returns. I write here about how President Trump’s signature tax cut law remains remarkably unpopular and could prove to be a drag in 2020. It’s part of this reason Trump is in Minnesota to tout the law on Tax Day today and the White House will remain focused on it for the week.

Story Continued Below

What’s changed — Via AEI’s Karlyn Bowman: “I think the two major developments on tax attitudes are that Republicans have lost the edge they once had as the party best able to handle taxes … And Democrats seem to be making headway by hammering away at the rich not paying enough.”

Buttigieg gets in — Our Daniel Strauss writes here about South Bend Mayor Pete Buttigieg, already surging in early primary polls, officially joining the presidential field. Mayor Pete, as he likes to be called, faces longs odds of winning the nomination. But his generational appeal for an entirely new politics is clearly resonating.

Here’s what he told me in a recent interview: “So by 2054, when I get to the current age of the current president, the shape of the world then, both environmentally, economically, and beyond, that’s not a theoretical question; it’s a personal one that I have to prepare for just as a human being and I think that gives me a certain sense of urgency around the policy conversation, too.”

GOOD MONDAY MORNING — Congrats to 43-year old Masters champion Tiger Woods, an MM fav for decades, who gives hope to all us aging Gen Xers with bad backs. Email me on bwhite@politico.com and follow me on Twitter @morningmoneyben. Email Aubree Eliza Weaver on aweaver@politico.com and follow her on Twitter @AubreeEWeaver.

THIS MORNING ON POLITICO PRO FINANCIAL SERVICES — Victoria Guida and Patrick Temple-West on the White House’s move to exert greater control over independent government agencies and how it could permanently alter the political considerations behind regulatory actions. To get Morning Money every day before 6 a.m., please contact Pro Services at (703) 341-4600 or info@politicopro.com.

DRIVING THE WEEK — Congress is out on recess … Trump visits Burnsville, Minn. at 1:00 p.m. local time for a tax reform roundtable … Trump speaks at an Opportunity Zones conference on Wednesday … AG Bill Barr has said he hopes to release the redacted Mueller Report this week …

FORGET RECESSION — Deutsche Bank’s Torsten Slok: “We have updated our US economic outlook and we do not see a recession for the next three years. Growth will slow from 3% in 2018 to 2% and inflation pressures will abate and the Fed will stay on hold until the end of 2021 and long rates will stay low.”

GOLDMAN: TRUMP THE FAVORITE — Via a new report led by Goldman Sachs analysts Jan Hatzius and Alec Phillips: “An update and expansion of our prior work on the relationship between the economy and presidential election outcomes suggests that President Trump has a narrow advantage going into the upcoming election.

“First-term incumbents have a built-in advantage of 5-6pp in the popular vote, we find, and our economic forecast also gives the President a slim advantage. A somewhat negative net presidential approval rating only partly offsets this.”

AND HE’S RAISING BIG BANK — Via AP: Trump’s reelection campaign is set to report that it raised more than $30 million in the first quarter of 2019, edging out his top two Democratic rivals combined, according to figures it provided to The Associated Press.” Read more.

WH NOT TOO WORRIED ABOUT MUELLER REPORT — Our Eliana Johnson, Daniel Lippman, and Darren Samuelsohn: “While most of official Washington is on edge ahead of the expected release of special counsel Robert Mueller’s full report, Trump White House aides are shrugging off the fevered anticipation with a simple message: been there, done that.” Read more.

TRUMP GOES AFTER THE FED AGAIN — Reuters’ Howard Schneider: “Trump said on Sunday that actions by the U.S. Federal Reserve have nicked U.S. economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into the economy as it did during the 2007-2009 recession.

“Trump’s latest broadside against the central bank, delivered by Twitter and without citing any evidence, came as European Central Bank head Mario Draghi and other international officials worried that a Fed politicized by potential Trump nominees would rattle a dollar-based global system.” Read more.

And it cast a chill at the IMF meetings — WSJ’s Nick Timiraos: “Former Federal Reserve officials and foreign central bankers said … Trump’s combative stance toward the U.S. central bank could over time weaken the institution and its role in the global economy.” Read more.

IN NY PLAYBOOK TODAY — Check out news of a fresh PAC formed by tech companies in New York unhappy with how the Amazon HQ2 saga played out.

NEW ON TAX DAY — Americans for Prosperity has a new letter out today with other organizations “telling Congress that a federal gas tax increase is the last thing Americans need.” Read more.

MNUCHIN SAYS CHINA TRADE TALKS NEARING FINAL ROUND — NYT’s Alan Rappeport: “Treasury Secretary Steven Mnuchin said on Saturday that he believed the United States and China were nearing the final stage of trade negotiations, moving closer to what he said would be the biggest change in the economic relationship between the countries in 40 years.” Read more.

JACK LEW ON MMT — Former Treasury Secretary Jack Lew in remarks at Hofstra at the end of last week: “New economic theories will not erase the cost of servicing the debt, or the risk to our financial future if we simply abandon the notion that there is a limit to how much we can borrow and how much money we can print.”

DON’T GET TOO BULLISH — Mohamed A. El-Erian on Bloomberg Opinion: “Data released last week provided more support for the notion of short-term stabilization in China, but there isn’t yet a convincing longer-term case for higher growth, or for a less uncertain road for a global economy characterized by divergent performance among its systematically most important economies.” Read more.

POWELL NAVIGATES ANGRY PRESIDENT, TURBULENT MARKETS — NYT’s Jim Tankersley and Neil Irwin: “As soon as the Federal Reserve chairman, Jerome H. Powell, finished speaking at his December news conference, it was clear, even to him, that he had blown it. Stocks were tumbling. Analysts worried that the Fed was steering the economy into recession. And …Trump was furious.

“Four months later, Mr. Powell and the Fed have mostly repaired the damage, ending a steady march of interest rate increases and signaling that their next policy move may well be a rate cut if the economy continues to soften. Markets have rallied and recession fears have cooled. But one challenge has only worsened for Mr. Powell: Mr. Trump and his escalating anger at the Fed.” Read more.

Speaking of the Fed, what do you need to be on the board? — WSJ’s Greg Ip: “Neither Stephen Moore nor Herman Cain, political allies that President Trump hopes to put on the Federal Reserve Board, has a Ph.D. in economics. For fans and even some foes, that’s a virtue, not a vice. In these populist times, knowing too much economics means you’re out of touch, arrogant, and wrong. Few institutions have suffered the backlash against elitism and credentialism as much as central banks, which are mostly run by professional economists.” Read more.

WOULD A POLITICAL FED RESCUE THE WORLD? — Reuters’ Howard Schneider: “As a financial crisis spread across the globe in September of 2008, the U.S. Federal Reserve gathered in an emergency atmosphere as requests flooded in from other central banks for access to dollars.

“The ‘swap lines’ that the Fed quickly approved helped ease intense financial stress in foreign markets, but also showed the U.S. central bank was prepared to stand behind the global system. Would an ‘America First’ Fed do the same?” Read more.

S&P 500 NOTCHED 3RD STRAIGHT WEEKLY GAIN — AP’s Alex Veiga: “Stocks notched solid gains on Wall Street Friday, erasing most of the losses the market sustained after an uneven week of trading. The strong finish gave the S&P 500 its third straight weekly gain. The benchmark index is now just under 1% from its most recent all-time high set on September 20, reflecting the strong rebound for the market this year after a dismal slide in December.” Read more.

And the global stock rally has defied a dimming economic outlook — WSJ’s Akane Otani: “Global stocks are rising at the fastest pace in decades as growth around the world slows, leaving many investors questioning how much longer the market can defy the gravity of the underlying economics. Indexes from New York and Europe to China have soared double-digit percentages this year to regain most of their ground after tanking in the fourth quarter, supported by signs that central banks are willing to keep holding interest rates at low levels for the foreseeable future.” Read more.

NEW INVESTMENT FOR RIO TINTO — Per release: “Rio Tinto has committed $302 million of additional capital to advance its Resolution Copper project in the US state of Arizona. The investment will fund additional drilling, ore-body studies, infrastructure improvements and permitting activities as Rio Tinto looks to progress the project to the final stage of the project’s permitting phase.”

Source link

from RSSMix.com Mix ID 8312273 https://hashtaghighways.com/2019/04/16/trumps-other-tax-problem-politico/

[garkodigitalmedia]

Trump’s other tax problem – POLITICO

Editor’s Note: This edition of Morning Money is published weekdays at 8 a.m. POLITICO Pro Financial Services subscribers hold exclusive early access to the newsletter each morning at 5:15 a.m. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here.

Trump’s tax problem — No, it’s not just his own returns. I write here about how President Trump’s signature tax cut law remains remarkably unpopular and could prove to be a drag in 2020. It’s part of this reason Trump is in Minnesota to tout the law on Tax Day today and the White House will remain focused on it for the week.

Story Continued Below

What’s changed — Via AEI’s Karlyn Bowman: “I think the two major developments on tax attitudes are that Republicans have lost the edge they once had as the party best able to handle taxes … And Democrats seem to be making headway by hammering away at the rich not paying enough.”

Buttigieg gets in — Our Daniel Strauss writes here about South Bend Mayor Pete Buttigieg, already surging in early primary polls, officially joining the presidential field. Mayor Pete, as he likes to be called, faces longs odds of winning the nomination. But his generational appeal for an entirely new politics is clearly resonating.

Here’s what he told me in a recent interview: “So by 2054, when I get to the current age of the current president, the shape of the world then, both environmentally, economically, and beyond, that’s not a theoretical question; it’s a personal one that I have to prepare for just as a human being and I think that gives me a certain sense of urgency around the policy conversation, too.”

GOOD MONDAY MORNING — Congrats to 43-year old Masters champion Tiger Woods, an MM fav for decades, who gives hope to all us aging Gen Xers with bad backs. Email me on bwhite@politico.com and follow me on Twitter @morningmoneyben. Email Aubree Eliza Weaver on aweaver@politico.com and follow her on Twitter @AubreeEWeaver.

THIS MORNING ON POLITICO PRO FINANCIAL SERVICES — Victoria Guida and Patrick Temple-West on the White House’s move to exert greater control over independent government agencies and how it could permanently alter the political considerations behind regulatory actions. To get Morning Money every day before 6 a.m., please contact Pro Services at (703) 341-4600 or info@politicopro.com.

DRIVING THE WEEK — Congress is out on recess … Trump visits Burnsville, Minn. at 1:00 p.m. local time for a tax reform roundtable … Trump speaks at an Opportunity Zones conference on Wednesday … AG Bill Barr has said he hopes to release the redacted Mueller Report this week …

FORGET RECESSION — Deutsche Bank’s Torsten Slok: “We have updated our US economic outlook and we do not see a recession for the next three years. Growth will slow from 3% in 2018 to 2% and inflation pressures will abate and the Fed will stay on hold until the end of 2021 and long rates will stay low.”

GOLDMAN: TRUMP THE FAVORITE — Via a new report led by Goldman Sachs analysts Jan Hatzius and Alec Phillips: “An update and expansion of our prior work on the relationship between the economy and presidential election outcomes suggests that President Trump has a narrow advantage going into the upcoming election.

“First-term incumbents have a built-in advantage of 5-6pp in the popular vote, we find, and our economic forecast also gives the President a slim advantage. A somewhat negative net presidential approval rating only partly offsets this.”

AND HE’S RAISING BIG BANK — Via AP: Trump’s reelection campaign is set to report that it raised more than $30 million in the first quarter of 2019, edging out his top two Democratic rivals combined, according to figures it provided to The Associated Press.” Read more.

WH NOT TOO WORRIED ABOUT MUELLER REPORT — Our Eliana Johnson, Daniel Lippman, and Darren Samuelsohn: “While most of official Washington is on edge ahead of the expected release of special counsel Robert Mueller’s full report, Trump White House aides are shrugging off the fevered anticipation with a simple message: been there, done that.” Read more.

TRUMP GOES AFTER THE FED AGAIN — Reuters’ Howard Schneider: “Trump said on Sunday that actions by the U.S. Federal Reserve have nicked U.S. economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into the economy as it did during the 2007-2009 recession.

“Trump’s latest broadside against the central bank, delivered by Twitter and without citing any evidence, came as European Central Bank head Mario Draghi and other international officials worried that a Fed politicized by potential Trump nominees would rattle a dollar-based global system.” Read more.

And it cast a chill at the IMF meetings — WSJ’s Nick Timiraos: “Former Federal Reserve officials and foreign central bankers said … Trump’s combative stance toward the U.S. central bank could over time weaken the institution and its role in the global economy.” Read more.

IN NY PLAYBOOK TODAY — Check out news of a fresh PAC formed by tech companies in New York unhappy with how the Amazon HQ2 saga played out.

NEW ON TAX DAY — Americans for Prosperity has a new letter out today with other organizations “telling Congress that a federal gas tax increase is the last thing Americans need.” Read more.

MNUCHIN SAYS CHINA TRADE TALKS NEARING FINAL ROUND — NYT’s Alan Rappeport: “Treasury Secretary Steven Mnuchin said on Saturday that he believed the United States and China were nearing the final stage of trade negotiations, moving closer to what he said would be the biggest change in the economic relationship between the countries in 40 years.” Read more.

JACK LEW ON MMT — Former Treasury Secretary Jack Lew in remarks at Hofstra at the end of last week: “New economic theories will not erase the cost of servicing the debt, or the risk to our financial future if we simply abandon the notion that there is a limit to how much we can borrow and how much money we can print.”

DON’T GET TOO BULLISH — Mohamed A. El-Erian on Bloomberg Opinion: “Data released last week provided more support for the notion of short-term stabilization in China, but there isn’t yet a convincing longer-term case for higher growth, or for a less uncertain road for a global economy characterized by divergent performance among its systematically most important economies.” Read more.

POWELL NAVIGATES ANGRY PRESIDENT, TURBULENT MARKETS — NYT’s Jim Tankersley and Neil Irwin: “As soon as the Federal Reserve chairman, Jerome H. Powell, finished speaking at his December news conference, it was clear, even to him, that he had blown it. Stocks were tumbling. Analysts worried that the Fed was steering the economy into recession. And …Trump was furious.

“Four months later, Mr. Powell and the Fed have mostly repaired the damage, ending a steady march of interest rate increases and signaling that their next policy move may well be a rate cut if the economy continues to soften. Markets have rallied and recession fears have cooled. But one challenge has only worsened for Mr. Powell: Mr. Trump and his escalating anger at the Fed.” Read more.

Speaking of the Fed, what do you need to be on the board? — WSJ’s Greg Ip: “Neither Stephen Moore nor Herman Cain, political allies that President Trump hopes to put on the Federal Reserve Board, has a Ph.D. in economics. For fans and even some foes, that’s a virtue, not a vice. In these populist times, knowing too much economics means you’re out of touch, arrogant, and wrong. Few institutions have suffered the backlash against elitism and credentialism as much as central banks, which are mostly run by professional economists.” Read more.

WOULD A POLITICAL FED RESCUE THE WORLD? — Reuters’ Howard Schneider: “As a financial crisis spread across the globe in September of 2008, the U.S. Federal Reserve gathered in an emergency atmosphere as requests flooded in from other central banks for access to dollars.

“The ‘swap lines’ that the Fed quickly approved helped ease intense financial stress in foreign markets, but also showed the U.S. central bank was prepared to stand behind the global system. Would an ‘America First’ Fed do the same?” Read more.

S&P 500 NOTCHED 3RD STRAIGHT WEEKLY GAIN — AP’s Alex Veiga: “Stocks notched solid gains on Wall Street Friday, erasing most of the losses the market sustained after an uneven week of trading. The strong finish gave the S&P 500 its third straight weekly gain. The benchmark index is now just under 1% from its most recent all-time high set on September 20, reflecting the strong rebound for the market this year after a dismal slide in December.” Read more.

And the global stock rally has defied a dimming economic outlook — WSJ’s Akane Otani: “Global stocks are rising at the fastest pace in decades as growth around the world slows, leaving many investors questioning how much longer the market can defy the gravity of the underlying economics. Indexes from New York and Europe to China have soared double-digit percentages this year to regain most of their ground after tanking in the fourth quarter, supported by signs that central banks are willing to keep holding interest rates at low levels for the foreseeable future.” Read more.

NEW INVESTMENT FOR RIO TINTO — Per release: “Rio Tinto has committed $302 million of additional capital to advance its Resolution Copper project in the US state of Arizona. The investment will fund additional drilling, ore-body studies, infrastructure improvements and permitting activities as Rio Tinto looks to progress the project to the final stage of the project’s permitting phase.”

Source link

from RSSMix.com Mix ID 8312273 https://hashtaghighways.com/2019/04/16/trumps-other-tax-problem-politico/

[nicholerestrada]

Trump’s other tax problem – POLITICO

Editor’s Note: This edition of Morning Money is published weekdays at 8 a.m. POLITICO Pro Financial Services subscribers hold exclusive early access to the newsletter each morning at 5:15 a.m. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here.

Trump’s tax problem — No, it’s not just his own returns. I write here about how President Trump’s signature tax cut law remains remarkably unpopular and could prove to be a drag in 2020. It’s part of this reason Trump is in Minnesota to tout the law on Tax Day today and the White House will remain focused on it for the week.

Story Continued Below

What’s changed — Via AEI’s Karlyn Bowman: “I think the two major developments on tax attitudes are that Republicans have lost the edge they once had as the party best able to handle taxes … And Democrats seem to be making headway by hammering away at the rich not paying enough.”

Buttigieg gets in — Our Daniel Strauss writes here about South Bend Mayor Pete Buttigieg, already surging in early primary polls, officially joining the presidential field. Mayor Pete, as he likes to be called, faces longs odds of winning the nomination. But his generational appeal for an entirely new politics is clearly resonating.

Here’s what he told me in a recent interview: “So by 2054, when I get to the current age of the current president, the shape of the world then, both environmentally, economically, and beyond, that’s not a theoretical question; it’s a personal one that I have to prepare for just as a human being and I think that gives me a certain sense of urgency around the policy conversation, too.”

GOOD MONDAY MORNING — Congrats to 43-year old Masters champion Tiger Woods, an MM fav for decades, who gives hope to all us aging Gen Xers with bad backs. Email me on bwhite@politico.com and follow me on Twitter @morningmoneyben. Email Aubree Eliza Weaver on aweaver@politico.com and follow her on Twitter @AubreeEWeaver.

THIS MORNING ON POLITICO PRO FINANCIAL SERVICES — Victoria Guida and Patrick Temple-West on the White House’s move to exert greater control over independent government agencies and how it could permanently alter the political considerations behind regulatory actions. To get Morning Money every day before 6 a.m., please contact Pro Services at (703) 341-4600 or info@politicopro.com.

DRIVING THE WEEK — Congress is out on recess … Trump visits Burnsville, Minn. at 1:00 p.m. local time for a tax reform roundtable … Trump speaks at an Opportunity Zones conference on Wednesday … AG Bill Barr has said he hopes to release the redacted Mueller Report this week …

FORGET RECESSION — Deutsche Bank’s Torsten Slok: “We have updated our US economic outlook and we do not see a recession for the next three years. Growth will slow from 3% in 2018 to 2% and inflation pressures will abate and the Fed will stay on hold until the end of 2021 and long rates will stay low.”

GOLDMAN: TRUMP THE FAVORITE — Via a new report led by Goldman Sachs analysts Jan Hatzius and Alec Phillips: “An update and expansion of our prior work on the relationship between the economy and presidential election outcomes suggests that President Trump has a narrow advantage going into the upcoming election.

“First-term incumbents have a built-in advantage of 5-6pp in the popular vote, we find, and our economic forecast also gives the President a slim advantage. A somewhat negative net presidential approval rating only partly offsets this.”

AND HE’S RAISING BIG BANK — Via AP: Trump’s reelection campaign is set to report that it raised more than $30 million in the first quarter of 2019, edging out his top two Democratic rivals combined, according to figures it provided to The Associated Press.” Read more.

WH NOT TOO WORRIED ABOUT MUELLER REPORT — Our Eliana Johnson, Daniel Lippman, and Darren Samuelsohn: “While most of official Washington is on edge ahead of the expected release of special counsel Robert Mueller’s full report, Trump White House aides are shrugging off the fevered anticipation with a simple message: been there, done that.” Read more.

TRUMP GOES AFTER THE FED AGAIN — Reuters’ Howard Schneider: “Trump said on Sunday that actions by the U.S. Federal Reserve have nicked U.S. economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into the economy as it did during the 2007-2009 recession.

“Trump’s latest broadside against the central bank, delivered by Twitter and without citing any evidence, came as European Central Bank head Mario Draghi and other international officials worried that a Fed politicized by potential Trump nominees would rattle a dollar-based global system.” Read more.

And it cast a chill at the IMF meetings — WSJ’s Nick Timiraos: “Former Federal Reserve officials and foreign central bankers said … Trump’s combative stance toward the U.S. central bank could over time weaken the institution and its role in the global economy.” Read more.

IN NY PLAYBOOK TODAY — Check out news of a fresh PAC formed by tech companies in New York unhappy with how the Amazon HQ2 saga played out.

NEW ON TAX DAY — Americans for Prosperity has a new letter out today with other organizations “telling Congress that a federal gas tax increase is the last thing Americans need.” Read more.

MNUCHIN SAYS CHINA TRADE TALKS NEARING FINAL ROUND — NYT’s Alan Rappeport: “Treasury Secretary Steven Mnuchin said on Saturday that he believed the United States and China were nearing the final stage of trade negotiations, moving closer to what he said would be the biggest change in the economic relationship between the countries in 40 years.” Read more.

JACK LEW ON MMT — Former Treasury Secretary Jack Lew in remarks at Hofstra at the end of last week: “New economic theories will not erase the cost of servicing the debt, or the risk to our financial future if we simply abandon the notion that there is a limit to how much we can borrow and how much money we can print.”

DON’T GET TOO BULLISH — Mohamed A. El-Erian on Bloomberg Opinion: “Data released last week provided more support for the notion of short-term stabilization in China, but there isn’t yet a convincing longer-term case for higher growth, or for a less uncertain road for a global economy characterized by divergent performance among its systematically most important economies.” Read more.

POWELL NAVIGATES ANGRY PRESIDENT, TURBULENT MARKETS — NYT’s Jim Tankersley and Neil Irwin: “As soon as the Federal Reserve chairman, Jerome H. Powell, finished speaking at his December news conference, it was clear, even to him, that he had blown it. Stocks were tumbling. Analysts worried that the Fed was steering the economy into recession. And …Trump was furious.

“Four months later, Mr. Powell and the Fed have mostly repaired the damage, ending a steady march of interest rate increases and signaling that their next policy move may well be a rate cut if the economy continues to soften. Markets have rallied and recession fears have cooled. But one challenge has only worsened for Mr. Powell: Mr. Trump and his escalating anger at the Fed.” Read more.

Speaking of the Fed, what do you need to be on the board? — WSJ’s Greg Ip: “Neither Stephen Moore nor Herman Cain, political allies that President Trump hopes to put on the Federal Reserve Board, has a Ph.D. in economics. For fans and even some foes, that’s a virtue, not a vice. In these populist times, knowing too much economics means you’re out of touch, arrogant, and wrong. Few institutions have suffered the backlash against elitism and credentialism as much as central banks, which are mostly run by professional economists.” Read more.

WOULD A POLITICAL FED RESCUE THE WORLD? — Reuters’ Howard Schneider: “As a financial crisis spread across the globe in September of 2008, the U.S. Federal Reserve gathered in an emergency atmosphere as requests flooded in from other central banks for access to dollars.

“The ‘swap lines’ that the Fed quickly approved helped ease intense financial stress in foreign markets, but also showed the U.S. central bank was prepared to stand behind the global system. Would an ‘America First’ Fed do the same?” Read more.

S&P 500 NOTCHED 3RD STRAIGHT WEEKLY GAIN — AP’s Alex Veiga: “Stocks notched solid gains on Wall Street Friday, erasing most of the losses the market sustained after an uneven week of trading. The strong finish gave the S&P 500 its third straight weekly gain. The benchmark index is now just under 1% from its most recent all-time high set on September 20, reflecting the strong rebound for the market this year after a dismal slide in December.” Read more.

And the global stock rally has defied a dimming economic outlook — WSJ’s Akane Otani: “Global stocks are rising at the fastest pace in decades as growth around the world slows, leaving many investors questioning how much longer the market can defy the gravity of the underlying economics. Indexes from New York and Europe to China have soared double-digit percentages this year to regain most of their ground after tanking in the fourth quarter, supported by signs that central banks are willing to keep holding interest rates at low levels for the foreseeable future.” Read more.

NEW INVESTMENT FOR RIO TINTO — Per release: “Rio Tinto has committed $302 million of additional capital to advance its Resolution Copper project in the US state of Arizona. The investment will fund additional drilling, ore-body studies, infrastructure improvements and permitting activities as Rio Tinto looks to progress the project to the final stage of the project’s permitting phase.”

Source link

Source: https://hashtaghighways.com/2019/04/16/trumps-other-tax-problem-politico/

from Garko Media https://garkomedia1.wordpress.com/2019/04/16/trumps-other-tax-problem-politico/