Trump Deals with China, Senate Tax Cuts-NOT, Financial Market Warning
By Greg Hunter
USAWatchdog.com
November 10, 2017
The most important stop on President Trump’s Asia visit is undoubtedly China. Trump slammed the massive trade deficit, but did not blame China for cutting a deal that was to their advantage. Trump blames the lopsided trade deficit on past administrations and Congress. Trump is trying to balance the scale between the U.S. and China by pushing $250 billion in deals.
The Senate version of a tax cut is out, and it’s basically a complicated scam that won’t cut taxes at all for many, especially in the top brackets. Trump pushed for simplicity, and the new Senate tax bill is 450 pages long. I wonder if Senate Majority Leader Mitch McConnell is really just covertly trying to make things so complicated and onerous to sabotage Donald Trump’s mandate given to him in the 2016 election.
Gregory Mannarino of TradersChoice.net is worried about the financial markets. Mannarino noted in a rare occurrence that both the bond markets and the stock markets sold off at the open Thursday morning. Mannarino said if the markets were “real,” this would be an ominous sign that the financial markets were headed for big trouble.
These stories and more are analyzed by Greg Hunter of USAWatchdog.com in the Weekly News Wrap-Up.
