The US economy is closing 2016 vigorously and expanding. The Federal Reserve Bank of Atlanta projects the annual rate of economic growth, in this year’s last quarter, will reach 2.6 percent, while unemployment in November decreased to 4.6 percent, the lowest level in 9 years. Additionally, the transition to a new government and the announced appointments, to senior White House and cabinet level positions, of three former bankers from Goldman Sachs and of Exxon’s chief executive for the State Department have been welcomed as positive signals by business leaders.
Portentous Closing
“The increased confidence in the economic outlook has led to a stock market rally, which pushed the Dow Jones Industrial Average to a new record of almost 20,000 points.”
Por:
Isaac Cohen.
NEW YORK, NY - NOVEMBER 03: Traders work on the floor of the New York Stock Exchange on November 3, 2016 in New York City. Both the Pound and stocks rose in morning trading on news that the British goverment's Brexit plan to leave the European Union will first need to get parliamentary approval. (Photo by Spencer Platt/Getty Images)
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Despite a near universal desire for an end to Venezuela’s manmade disaster, sending in U.S forces to take out the Maduro regime would be counter-productive. It should be categorically rejected by interim president Juan Guaidó, not to mention the Trump administration.
The firing of undocumented workers at Trump's golf clubs just shows how the practice of employing immigrants without legal work papers is much more common than we might imagine. Such is life in the United States.
The Trump administration should be wary of fueling fake news predictions about an imminent American invasion which unrealistically raises expectations about Maduro's removal.
At some point we will have to accept the fact that the border between Mexico and the United States is nothing more than an invention.
The United States has had a major role in the evolving drama of the fight for democracy in Venezuela and Nicaragua. And so far, it’s been surprisingly coordinated, a veritable model of multilateralism.
Has the Maduro regime reached breaking point? It remains hard to say, but tomorrow is another - more hopeful - day for the restoration of democracy in the South American nation.
It’s impossible to get into Trump’s head but what comes out of his mouth are racist remarks. But, saddest of all are the millions who tolerate his views, cheer him on and emulate his behavior.
The time is well past due for the U.S. government to conduct a thorough review of leaders and their senior colleagues before they leave office to determine if they merit visas.
This increased confidence in the economic outlook has led to a stock market rally, which pushed the Dow Jones Industrial Average to a new record of almost 20,000 points. Since the start of this year, the Dow Jones Index has gained 13 percent, with around 6 percent of the increase in the past five weeks, since the election. Even the anticipated increase in the federal funds interest rate, this week, confirms the central bank sees evidence of “strengthening growth and an improving labor market.”
Investors seem to be focused on the fact that President-elect Donald Trump will receive an expanding economy and expect the fulfillment of some campaign promises, such as less regulation, less taxes and more infrastructure investment. Less attention is given, for the time being, to other negative promises, such as a protectionist trade policy and massive deportation of undocumented immigrants.
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