Larry Goldstein and Lucian Pugliaresi comment on the proposed Border Adjustment Tax, the so-called BAT. Larry is a member of EPRINC’s board of trustees and its past president. Lucian Pugliaresi is President of EPRINC. Their commentary can be found here.
I never thought I would say this, so I won’t. I’ll Write it. I’ve always believed that sunshine is the best antiseptic. You could never have too much transparency. That is until I met this FED. “We’re going to raise rates, but we’re data dependent” “ We are going to raise rates soon”. I guess it depends upon the meaning of what soon is. (I’m coming to believe it’s sooner or later). They’ve been telling us that for more than six quarters… THE FED DECISIVELY INDECISIVE (5/28)
… But what about below?
Larry Goldstein, former President and Director at EPRINC continues to carefully following US employment trends.
The heart wants what the heart wants, but like the Shadow, the market knows what the market knows, and markets are impatient. The next formal OPEC meeting is in June and there are some who believe that OPEC will wait until then to deal with the imbalance in the market between supply and demand. OPEC may want to wait but it will be the price set in the market that will dictate this calendar.