Summary: This week’s final round goes deep into the economy, as well as the Special Education Rule, Jared Kushner’s security clearance, Prince Salman, investment in Canada, and more!
Released: Filed Under: Extemp
After the Republican tax reform ended the 4th quarter 2017, the conventional wisdom was that the economy would continue to soar. Donald Trump took full credit for a robust bull market that brought the DOW to 30,000 for the first time in its history. The Wall Street buzz began reporting on the DOW at 100,000 by 2030, and Warren Buffet prophesized 1 million in 100 years.
But some cold water has been dashing the optimism. A significant correction occurred two weeks ago that raised doubts that the economy will continue its upward hike. News last week reported 4th quarter reports having to readjusted for 2017. Gross Domestic Product (GDP) was projected to be growing much more in the 1st quarter of 2018, but the Commerce Department on Wednesday reported they would be readjusting that, too, by .1%.
Still, the conventional wisdom is optimistic. But is the big boon overrated? Extempers get to consider this important question.
This week’s final round goes deep into the economy, as well as the Special Education Rule, Jared Kushner’s security clearance, Prince Salman, investment in Canada, and more!
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