National Emergency? What Emergency? By Hank Silverberg The government is partially shut down, the stock market is on a roller coaster, and the President thinks the 1,954 mile border between the U.S. and Mexico is totally open and we are being invaded. That, he says, is a "National Emergency." He has even hinted he may bypass Congress and use that declaration to take money from the Department of Defense to build a border wall. With that in mind, let’s take a closer look at this so called "National Emergency." The overall economy may be slowing down a bit, and that could be a concern. But the stock market’s volatility may have been created by an unstable global market tied somewhat to a series of punitive tariffs imposed by the Trump Administration. The President’s incessant tweets criticizing the Federal Reserve Board over raising interest rates has increased investor's anxiety. ______________________________________________...
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Showing posts from January 6, 2019