Is the market all-knowing?

news.goldseek.com / By: Clif Droke / Friday, 14 July 2017 “The tape tells all” is a Wall Street bromide we’re all familiar with. It neatly summarizes the belief that the major averages discount everything pertaining to the business outlook. It’s also a basic tenet of Dow Theory. Writing a century …

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CBO Scores Trump Budget Shrinking US Deficit By Half By 2027

zerohedge.com / by Tyler Durden / Jul 13, 2017 11:30 AM There’s good news.. and bad news. CBO has just released its ‘score’ of President Trump’s proposed budget, noting that the plan would shrink the deficit by a half from their baseline by 2017 (good news). However, even accepting Trump’s dynamic scoring and 5% growth expectations, …

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