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- KneesweakKneesweak
  ·2021-11-03
  Oh
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- KneesweakKneesweak
  ·2021-04-17
  Wow
  Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put
  KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.Howe
  Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put
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- KneesweakKneesweak
  ·2021-04-11
  Wow
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- KneesweakKneesweak
  ·2021-04-09
  Nice
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- KneesweakKneesweak
  ·2021-04-08
  wow
  Biden’s tax and spending plans could dent GDP
  President Biden says his “American Jobs Plan” will create jobs and turbochargeeconomic growth. Econo
  Biden’s tax and spending plans could dent GDP
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23:49","market":"us","language":"en","title":"Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put","url":"https://stock-news.laohu8.com/highlight/detail?id=1165321503","media":"cnbc","summary":"KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.Howe","content":"<div>\n<p>KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.However, he said there’s still “no reason to be pulling the plug” on the heavy levels of policy support ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta 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float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed’s Waller says the economy is ‘ready to rip’ but policy should stay put\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 23:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.However, he said there’s still “no reason to be pulling the plug” on the heavy levels of policy support ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.cnbc.com/2021/04/16/feds-waller-says-the-economy-is-ready-to-rip-but-policy-should-stay-put.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1165321503","content_text":"KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.However, he said there’s still “no reason to be pulling the plug” on the heavy levels of policy support the central bank is providing.Waller said he also expects inflationary pressures to be temporary, though he forecasts 2021 to run at 2.5%, well above the Fed’s 2% target.Federal Reserve Governor Christopher Waller said Friday he sees the U.S. economy as set to take off, though not at a fast enough pace that the central bank should start tightening policy.\"I think the economy is ready to rip,\" Waller told CNBC'sSteve Liesmanduring a \"Squawk on the Street\" interview. \"There's still more to do on that, but I think everyone's getting a lot more comfortable with having the virus under control and we're starting to see it in the form of economic activity.\"Those comments came amid a decidedly upward move in economic data.In March alone, nonfarmpayrolls jumped by 916,000, retail sales sawa 9.8% stimulus-fueled boom, and multiple manufacturing gauges reached their highest levels in years.There are further indications that job growth continued into April, with jobless claims last week tumbling to 576,000, easily the lowest level since the early days of the pandemic.Coupled all that witha vaccination pacein excess of the 3 million a day, and it adds up to a strong outlook, Waller said.“We can get the virus pretty much under control. We get 70% of the population vaccinated, then all the fundamentals are there for good, strong growth that we left back in January, February of 2020,” he said. “We’ve still got room to catch up to where we were. We’re making up for lost ground.”‘No reason to be pulling the plug’The economy officially entered recession in February 2020, according to the National Bureau of Economic Research, which makes the official call on contractions and expansions. While the U.S. is poised for another quarter of strong growth, gross domestic product is still running a bit below where it was prior to the Covid-19 onset.That’s part of the reason Waller concurs with his fellow central bankers in seeingthe need to keep policy loose. The Fed is currently holding short-term borrowing rates near zero while it purchases at least $120 billion of bonds each month.In a major policy shift last year, the Fed pledged that it will not raise rates until it sees full and inclusive employment, and is willing to tolerate inflation a bit above the traditional 2% target until it gets there. Fed officials have expressed concern about the uneven nature of the recovery, particularly regarding those at the lower end of the income spectrum.“We’ve got to make that up first,” Waller said. “Other parts of the economy seem to have really come back. We still have relatively high unemployment rates, particularly for minorities, and so we’ve still got a long way to go. There’s no reason to be pulling the plug on our support till we’re really through this.”Waller added that he thinks inflationary pressures that have begun to show up are likely temporary, a view widely held at the Fed. The consumer price index rose 2.6% in March from a year ago.Waller said he expects the Fed’s preferred inflation gauge based on personal consumption expenditures could run around 2.5% for 2021.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346526692,"gmtCreate":1618078118716,"gmtModify":1634294983569,"author":{"id":"3578801163881468","authorId":"3578801163881468","name":"Kneesweak","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578801163881468","authorIdStr":"3578801163881468"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346526692","repostId":"1136941144","repostType":4,"isVote":1,"tweetType":1,"viewCount":1802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348862459,"gmtCreate":1617917730771,"gmtModify":1634295830047,"author":{"id":"3578801163881468","authorId":"3578801163881468","name":"Kneesweak","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578801163881468","authorIdStr":"3578801163881468"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/348862459","repostId":"1101689800","repostType":4,"isVote":1,"tweetType":1,"viewCount":496,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341235012,"gmtCreate":1617821315036,"gmtModify":1634296331581,"author":{"id":"3578801163881468","authorId":"3578801163881468","name":"Kneesweak","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578801163881468","authorIdStr":"3578801163881468"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/341235012","repostId":"1160369765","repostType":4,"repost":{"id":"1160369765","kind":"news","pubTimestamp":1617809169,"share":"https://www.laohu8.com/m/news/1160369765?lang=&edition=full","pubTime":"2021-04-07 23:26","market":"us","language":"en","title":"Biden’s tax and spending plans could dent GDP","url":"https://stock-news.laohu8.com/highlight/detail?id=1160369765","media":"雅虎金融","summary":"President Biden says his “American Jobs Plan” will create jobs and turbochargeeconomic growth. Econo","content":"<p>President Biden says his “American Jobs Plan” will create jobs and turbochargeeconomic growth. Economists aren’t so sure.</p>\n<p>Ananalysis of Biden’s planby the Penn Wharton Budget Model finds newspendingon infrastructure and social programs would actually cause a small decline in GDP. If the plan went into effect with all the new spending andtax increasesBiden has called for, it would reduce GDP by 0.9% by 2031, Penn Wharton finds. Wages would decline by 0.7%.</p>\n<p>Infrastructure projectsoften generate a positive return on investment because they improve efficiency and productivity. In the Penn Wharton model, however, GDP drops slightly for two reasons. First, the business tax hikes in the plan would diminish investment. And since tax hikes would only cover part of the plan’s cost, the government would have to borrow to finance the rest. Higher government debt would “crowd out” private investment, which in turn would reduce growth.</p>\n<p>There are alternative views.Moody’s Analyticsthinks theBiden planwill would “result in a stronger economy over the coming decade, with higher GDP, more jobs and lower unemployment.” That analysis forecasts slightly lower growth the first year the plan goes into effect, since tax hikes would reduce investment right away while the benefits of infrastructure spending would take longer to materialize. But within a couple years, the Biden plan would boost GDP by about 1.5 percentage points, Moody’s Analytics predicts.</p>\n<p>Biden and his aides have been touting the Moody's analysis, claiming the Biden planwould help create 19 million jobs by 2030. There has been some controversy about that. The Moody's analysis predicts the economy will gain 16 million jobs without the Biden jobs plan and 18.6 million (rounded to 19 million) with the plan. So it’s really forecasting the Biden plan will help create 2.6 million jobs over a decade. Biden and several advisors havemistakenly implied the plan alone will create 19 million jobs, vastly overstating its likely impact.</p>\n<p>Nobody knows for sure, of course. While Biden has released an outline of everything he hopes will be in the plan, Congress hasn’t yet drafted legislation and whatever passes, if anything, won’t be Biden’s plan exactly. Biden, for instance,wants to raise the corporate tax ratefrom 21% to 28%, but that probably won’t happen because a few Democrats think 28% is too high, and all Dems will probably need to vote for a plan that will get no Republican backing. Democrats may also have to water down or remove some parts of the plan that aren’t strictly infrastructure, such as several provisions on health care.</p>\n<p><img src=\"https://static.tigerbbs.com/04de78dac68af9dc8b9b8b5495c92685\" tg-width=\"705\" tg-height=\"470\" referrerpolicy=\"no-referrer\">Vehicles drive along the FDR Drive in New York, part of the city's aging infrastructure, Tuesday, April 6, 2021. With an appeal to think big, President Joe Biden is promoting his $2.3 trillion infrastructure plan directly to Americans. Republicans oppose Biden's American Jobs Plan as big taxes, big spending and big government. (AP Photo/Mark Lennihan)More</p>\n<p>Once there is draft legislation, there will be more analysis of its likely effects by the Congressional Budget Office and other organizations, along with vigorous efforts by supporters and critics to praise and discredit the plan. If the plan does pass in some form, there will almost certainly be unforeseen economic disruptions during the next several years that change the outlook for how much it’s likely to accomplish. No plan survives contact with the enemy, and that includes well-intentioned efforts to boost the economy.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden’s tax and spending plans could dent GDP</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden’s tax and spending plans could dent GDP\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-07 23:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bidens-tax-and-spending-plans-could-dent-gdp-152140927.html><strong>雅虎金融</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Biden says his “American Jobs Plan” will create jobs and turbochargeeconomic growth. Economists aren’t so sure.\nAnanalysis of Biden’s planby the Penn Wharton Budget Model finds newspendingon...</p>\n\n<a href=\"https://finance.yahoo.com/news/bidens-tax-and-spending-plans-could-dent-gdp-152140927.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bidens-tax-and-spending-plans-could-dent-gdp-152140927.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160369765","content_text":"President Biden says his “American Jobs Plan” will create jobs and turbochargeeconomic growth. Economists aren’t so sure.\nAnanalysis of Biden’s planby the Penn Wharton Budget Model finds newspendingon infrastructure and social programs would actually cause a small decline in GDP. If the plan went into effect with all the new spending andtax increasesBiden has called for, it would reduce GDP by 0.9% by 2031, Penn Wharton finds. Wages would decline by 0.7%.\nInfrastructure projectsoften generate a positive return on investment because they improve efficiency and productivity. In the Penn Wharton model, however, GDP drops slightly for two reasons. First, the business tax hikes in the plan would diminish investment. And since tax hikes would only cover part of the plan’s cost, the government would have to borrow to finance the rest. Higher government debt would “crowd out” private investment, which in turn would reduce growth.\nThere are alternative views.Moody’s Analyticsthinks theBiden planwill would “result in a stronger economy over the coming decade, with higher GDP, more jobs and lower unemployment.” That analysis forecasts slightly lower growth the first year the plan goes into effect, since tax hikes would reduce investment right away while the benefits of infrastructure spending would take longer to materialize. But within a couple years, the Biden plan would boost GDP by about 1.5 percentage points, Moody’s Analytics predicts.\nBiden and his aides have been touting the Moody's analysis, claiming the Biden planwould help create 19 million jobs by 2030. There has been some controversy about that. The Moody's analysis predicts the economy will gain 16 million jobs without the Biden jobs plan and 18.6 million (rounded to 19 million) with the plan. So it’s really forecasting the Biden plan will help create 2.6 million jobs over a decade. Biden and several advisors havemistakenly implied the plan alone will create 19 million jobs, vastly overstating its likely impact.\nNobody knows for sure, of course. While Biden has released an outline of everything he hopes will be in the plan, Congress hasn’t yet drafted legislation and whatever passes, if anything, won’t be Biden’s plan exactly. Biden, for instance,wants to raise the corporate tax ratefrom 21% to 28%, but that probably won’t happen because a few Democrats think 28% is too high, and all Dems will probably need to vote for a plan that will get no Republican backing. Democrats may also have to water down or remove some parts of the plan that aren’t strictly infrastructure, such as several provisions on health care.\nVehicles drive along the FDR Drive in New York, part of the city's aging infrastructure, Tuesday, April 6, 2021. With an appeal to think big, President Joe Biden is promoting his $2.3 trillion infrastructure plan directly to Americans. Republicans oppose Biden's American Jobs Plan as big taxes, big spending and big government. (AP Photo/Mark Lennihan)More\nOnce there is draft legislation, there will be more analysis of its likely effects by the Congressional Budget Office and other organizations, along with vigorous efforts by supporters and critics to praise and discredit the plan. If the plan does pass in some form, there will almost certainly be unforeseen economic disruptions during the next several years that change the outlook for how much it’s likely to accomplish. No plan survives contact with the enemy, and that includes well-intentioned efforts to boost the economy.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}