6 March 2019

1) The Green New Deal is bringing out proposals for financing the single payer health care proposals. There is a big problem with providing enough health care people such as doctors and nurses to care for the increase numbers of people. Suggestions for finance is an overhaul of present payroll tax combining social security, unemployment and medicare into one flat tax for all of a person’s income. However, apparently there has been no modeling of this strategy to determine its viability.

2) President Trump proposes to drop the preferential trade treatment for India. Presently, there are $5.6 billion dollars worth of Indian goods imported each year into America duty free, while India is imposing high tariffs on US goods imported into India.

3)  As Brexit nears, British people and companies are stockpiling goods at an increasing rate, fearful of shortages if a ‘no-deal’ exit occurs. Both business and households are fearful of shortages especially food items first, then things like toilet paper and medicine.

4) 5 MAR 19 Stock market closings:

Dow           25,806.63     down     13.02
Nasdaq        7,576.36     down       1.21
S&P 500       2,789.65     down       3.16

10 Year Yield:    unchanged   at    2.72%

Oil:    down   at    $56.28

Leave a Reply

Your email address will not be published. Required fields are marked *