“The release of first quarter GDP on April 28 by the Bureau of Economic Analysis showed an anemic growth of just 0.7 percent in the first quarter of 2017. This might be just the wakeup call that the Trump administration needs to confront the reality that the unprecedented concentration of deposits and assets and dodgy derivatives at a handful of mega Wall Street banks is an insurmountable headwind to economic recovery and must be addressed sooner rather than later.”
Wall Street On Parade
“The problem is, of course, that not only is economics bankrupt, but it has always been nothing more than politics in disguise.”
Hazel Henderson
It has been very much to my dismay that Mr. Trump did not, as one of his initial actions, tear the BLS a new asshole over their bogus reporting of unemployment in the U.S.
The gas had been released by the election results, all Trump needed do was provide the spark, but all we got was a fizzle. “Trump the Dud, not the Dude” (c).