In the first six months of 2018 alone, American companies have called back $465 billion of untaxed corporate earnings from abroad.
Second-quarter GDP growth was revised upward, to 4.2 percent, and some are now predicting 4.6-percent third-quarter growth. Could Trump's claim of five-percent GDP growth become reality?
In the first nine months of the present fiscal year, total federal revenues were $2.54 trillion, while total federal spending was $3.15 trillion, leaving a deficit of $607 billion. That’s 16-percent higher than it was at the same time a year ago.
Federal Reserve Chairman Jerome Powell suffers from the same disease infecting all those on the board: the hubris that they really know what's best for the economy.