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#1495369 --- 02/13/17 09:03 PM Steve Bannon's obsession with a dark theory of history should be worrisome
ThomasDecker Offline
Senior Member

Registered: 08/17/16
Posts: 1521
Loc: Saint Regis
Steve Bannon's obsession with a dark theory of history should be worrisome

http://www.businessinsider.com/book-steve-bannon-is-obsessed-with-the-fourth-turning-2017-2


I never knew this about Steve Bannon, these beliefs are a little radical.

I never knew this about Steve Bannon, military service is a little radical.



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Igy6 You Leftists have tried everything to de-legitimize our duly-elected president.

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#1495375 --- 02/14/17 03:33 AM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 15217
Loc: Somewhere out there
_________________________
HURRICANES TURN REPUBLICANS INTO BIG SPENDERS. JUST WATCH.

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#1495389 --- 02/14/17 12:11 PM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
ThomasDecker Offline
Senior Member

Registered: 08/17/16
Posts: 1521
Loc: Saint Regis


Meanwhile back at CNN.

_________________________
Igy6 You Leftists have tried everything to de-legitimize our duly-elected president.

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#1495391 --- 02/14/17 12:33 PM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8060
LOL, mean while, what's going on with all the dysfunction in the WH?
which btw is very accurate. whistle

FACT
Flynn resigns amid controversy over Russia contacts
_________________________
When people show you who they are, believe them.
Maya Angelou

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#1495396 --- 02/14/17 02:17 PM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: Formermac]
ThomasDecker Offline
Senior Member

Registered: 08/17/16
Posts: 1521
Loc: Saint Regis
Originally Posted By: Formermac
LOL, mean while, what's going on with all the dysfunction in the WH?
which btw is very accurate. whistle

FACT
Flynn resigns amid controversy over Russia contacts



"Flynn resigns amid controversy over Russia contacts"

By gawd that is a Fact!

MEANWHILE BACK CNN NEWS DESK.



_________________________
Igy6 You Leftists have tried everything to de-legitimize our duly-elected president.

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#1495397 --- 02/14/17 03:10 PM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8060
Really, I'm trying my hardest not to laugh at you but it's like a grown adult fighting a little kid (you). lets use this analogy, if someone call you a fake artist, you don't refute the accusation by submitting a stick figure painting similar to that done by a kindergartner. Please give someone a challenge which causes a little research or consideration. Secondly, where are the credible rebuttals either from you or Sean Spicer? If it Look like a Duck
Sound like a Duck
Walk like a Duck
Lesson for you dullards, either it's a duck or a facsimile so close that it's worthy of a credible clone. grin


http://www.nbcnews.com/politics/white-house/white-house-erosion-trust-led-flynn-dismissal-n720806


http://americablog.com/2017/02/mike-pence-lied-steve-bannons-military-service.html


http://www.dailykos.com/story/2017/2/13/...-to-Cover-it-Up


https://www.washingtonpost.com/blogs/rig...ica-look-worse/


http://www.foxnews.com/politics/2017/01/...er-rollout.html
_________________________
When people show you who they are, believe them.
Maya Angelou

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#1495562 --- 02/18/17 04:26 PM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
ThomasDecker Offline
Senior Member

Registered: 08/17/16
Posts: 1521
Loc: Saint Regis
_________________________
Igy6 You Leftists have tried everything to de-legitimize our duly-elected president.

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#1495662 --- 02/22/17 11:14 AM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 15217
Loc: Somewhere out there
The one thing that bothers me the most about what Trump has said is “the press is the enemy of the people”. No it definitely is not! Let me give you two examples. Reference the 1956 Watts riots by black people in Los Angeles. The former Soviet Union, in an attempt to show how bad things were in America, showed some footage of the riots on their TV stations. But when the average person there saw the footage they saw black people driving cars! They were told in America black people were kept in chains! So it backfired on the Soviet Union. If you lived in the Soviet Union and the only news you got was government controlled news media you would tend to believe what they said.

A second example is regarding the Sandy Hook School massacre in 2012 in Connecticut. There was video out saying no one died there. It was a staged hoax using child actors. You can check this out on Snopes if you want. Why don’t we believe that is true? Because the news media tells you what really happened. Almost none of us went to Sandy Hook to check it out in person, right? So we believe the news media. The news media is really the only thing standing between us and our president becoming a dictator.
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HURRICANES TURN REPUBLICANS INTO BIG SPENDERS. JUST WATCH.

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#1495663 --- 02/22/17 12:26 PM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: kyle585]
ThomasDecker Offline
Senior Member

Registered: 08/17/16
Posts: 1521
Loc: Saint Regis
Originally Posted By: kyle585
The one thing that bothers me the most about what Trump has said is “the press is the enemy of the people”. No it definitely is not! Let me give you two examples. Reference the 1956 Watts riots by black people in Los Angeles. The former Soviet Union, in an attempt to show how bad things were in America, showed some footage of the riots on their TV stations. But when the average person there saw the footage they saw black people driving cars! They were told in America black people were kept in chains! So it backfired on the Soviet Union. If you lived in the Soviet Union and the only news you got was government controlled news media you would tend to believe what they said.

A second example is regarding the Sandy Hook School massacre in 2012 in Connecticut. There was video out saying no one died there. It was a staged hoax using child actors. You can check this out on Snopes if you want. Why don’t we believe that is true? Because the news media tells you what really happened. Almost none of us went to Sandy Hook to check it out in person, right? So we believe the news media. The news media is really the only thing standing between us and our president becoming a dictator.




"Reference the 1956 Watts riots by black people in Los Angeles."

I did what you said, I referenced, and the 1956 Watts riots.

I hate to tell you this, but the riots took place in 1965 not 1956, so your rant is meaningless.
_________________________
Igy6 You Leftists have tried everything to de-legitimize our duly-elected president.

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#1495665 --- 02/22/17 12:52 PM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 15217
Loc: Somewhere out there
Originally Posted By: ThomasDecker
Originally Posted By: kyle585
The one thing that bothers me the most about what Trump has said is “the press is the enemy of the people”. No it definitely is not! Let me give you two examples. Reference the 1956 Watts riots by black people in Los Angeles. The former Soviet Union, in an attempt to show how bad things were in America, showed some footage of the riots on their TV stations. But when the average person there saw the footage they saw black people driving cars! They were told in America black people were kept in chains! So it backfired on the Soviet Union. If you lived in the Soviet Union and the only news you got was government controlled news media you would tend to believe what they said.

A second example is regarding the Sandy Hook School massacre in 2012 in Connecticut. There was video out saying no one died there. It was a staged hoax using child actors. You can check this out on Snopes if you want. Why don’t we believe that is true? Because the news media tells you what really happened. Almost none of us went to Sandy Hook to check it out in person, right? So we believe the news media. The news media is really the only thing standing between us and our president becoming a dictator.
"Reference the 1956 Watts riots by black people in Los Angeles."

I did what you said, I referenced, and the 1956 Watts riots.
I hate to tell you this, but the riots took place in 1965 not 1956, so your rant is meaningless.
I put the wrong date in. Thanks for catching it. Other than that, I think my post is very meaningful.
_________________________
HURRICANES TURN REPUBLICANS INTO BIG SPENDERS. JUST WATCH.

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#1495666 --- 02/22/17 12:54 PM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
Teonan Offline
Senior Member

Registered: 05/30/12
Posts: 4679
Loc: West End
Originally Posted By: ThomasDecker

"Reference the 1956 Watts riots by black people in Los Angeles."

I did what you said, I referenced, and the 1956 Watts riots.

I hate to tell you this, but the riots took place in 1965 not 1956, so your rant is meaningless.


Kye's numerical slip up in no way renders the historical facts involved "meaningless."


What's meaningless is your lame cheapshot Tommyboy.
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"Everything that has ever happened to us is there to make us stronger."
-John Trudell


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#1495667 --- 02/22/17 12:56 PM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: kyle585]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8060
Originally Posted By: kyle585
The one thing that bothers me the most about what Trump has said is “the press is the enemy of the people”. No it definitely is not! Let me give you two examples. Reference the 1956 Watts riots by black people in Los Angeles. The former Soviet Union, in an attempt to show how bad things were in America, showed some footage of the riots on their TV stations. But when the average person there saw the footage they saw black people driving cars! They were told in America black people were kept in chains! So it backfired on the Soviet Union. If you lived in the Soviet Union and the only news you got was government controlled news media you would tend to believe what they said.

A second example is regarding the Sandy Hook School massacre in 2012 in Connecticut. There was video out saying no one died there. It was a staged hoax using child actors. You can check this out on Snopes if you want. Why don’t we believe that is true? Because the news media tells you what really happened. Almost none of us went to Sandy Hook to check it out in person, right? So we believe the news media. The news media is really the only thing standing between us and our president becoming a dictator.




You're still relevant Kyle, Tommyboy spit his milk out due to his excitement of finding a typo, inverted numbers of 56/65
I almost made the mistake of getting ready to respond to him but it suddenly dawned on me, his comprehension level is that of a 4 year old, thus any further citation or worthy article is wasted in the gray matter of his cranium.
_________________________
When people show you who they are, believe them.
Maya Angelou

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#1495670 --- 02/22/17 01:55 PM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: Formermac]
ThomasDecker Offline
Senior Member

Registered: 08/17/16
Posts: 1521
Loc: Saint Regis
Originally Posted By: Formermac
Originally Posted By: kyle585
The one thing that bothers me the most about what Trump has said is “the press is the enemy of the people”. No it definitely is not! Let me give you two examples. Reference the 1956 Watts riots by black people in Los Angeles. The former Soviet Union, in an attempt to show how bad things were in America, showed some footage of the riots on their TV stations. But when the average person there saw the footage they saw black people driving cars! They were told in America black people were kept in chains! So it backfired on the Soviet Union. If you lived in the Soviet Union and the only news you got was government controlled news media you would tend to believe what they said.

A second example is regarding the Sandy Hook School massacre in 2012 in Connecticut. There was video out saying no one died there. It was a staged hoax using child actors. You can check this out on Snopes if you want. Why don’t we believe that is true? Because the news media tells you what really happened. Almost none of us went to Sandy Hook to check it out in person, right? So we believe the news media. The news media is really the only thing standing between us and our president becoming a dictator.




You're still relevant Kyle, Tommyboy spit his milk out due to his excitement of finding a typo, inverted numbers of 56/65
I almost made the mistake of getting ready to respond to him but it suddenly dawned on me, his comprehension level is that of a 4 year old, thus any further citation or worthy article is wasted in the gray matter of his cranium.






Look! Mac & Cheese is blasting deeper in his stupid mine.


Keep blasting Mac, you'll find the bottom of stupid someday.
_________________________
Igy6 You Leftists have tried everything to de-legitimize our duly-elected president.

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#1495671 --- 02/22/17 02:18 PM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8060
I can only sit here and laugh my arse off. A dullard that can take the theory of relativity and turn it into a Fisher Price toy for a 2 year old, all for the reason that complicated matters are way above his comprehension. Question Tommyboy, what happens if I saw a 8ft 2 by 4 in half? whistle
Watch this!!!!!
Case in point, in order to move on, sometimes you must stop and play with the dog, rub his belly and feed him.
_________________________
When people show you who they are, believe them.
Maya Angelou

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#1495914 --- 02/28/17 10:02 AM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: Formermac]
ThomasDecker Offline
Senior Member

Registered: 08/17/16
Posts: 1521
Loc: Saint Regis
Originally Posted By: Formermac
I can only sit here and laugh my arse off. A dullard that can take the theory of relativity and turn it into a Fisher Price toy for a 2 year old, all for the reason that complicated matters are way above his comprehension. Question Tommyboy, what happens if I saw a 8ft 2 by 4 in half? whistle
Watch this!!!!!
Case in point, in order to move on, sometimes you must stop and play with the dog, rub his belly and feed him.



"I can only sit here and laugh my arse off."

Was it in your script to laugh?
_________________________
Igy6 You Leftists have tried everything to de-legitimize our duly-elected president.

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#1495915 --- 02/28/17 10:07 AM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
ThomasDecker Offline
Senior Member

Registered: 08/17/16
Posts: 1521
Loc: Saint Regis
"Welcome To The Next Awakening" - Author Of Steve Bannon's Worldview Explains The Path Ahead


"Where did Steve Bannon get his worldview? From my book..."

* * * by Neil Howe via WaPo,

Neil Howe is the author, along with William Strauss, of “Generations,” “The Fourth Turning” and “Millennials Rising.”
I don’t know Bannon well. I have worked with him on several film projects, including “Generation Zero,” over the years. I’ve been impressed by his cultural savvy. His politics, while unusual, never struck me as offensive. I was surprised when he took over the leadership of Breitbart and promoted the views espoused on that site. Like many people, I first learned about the alt-right (a far-right movement with links to Breitbart and a loosely defined white-nationalist agenda) from the mainstream media. Strauss, who died in 2007, and I never told Bannon what to say or think. But we did perhaps provide him with an insight — that populism, nationalism and state-run authoritarianism would soon be on the rise, not just in America but around the world.

Because we never attempted to write a political manifesto, we were surprised by the book’s popularity among certain crusaders on both the left and the right. When “The Fourth Turning” came out, our biggest partisan fans were Democrats, who saw in our description of an emerging “Millennial generation” (a term we coined) the sort of community-minded optimists who would pull America toward progressive ideals. Yet we’ve also had conservative fans, who were drawn to another lesson: that the new era would probably see the successful joining of left-wing economics with right-wing social values.

Beyond ideology, I think there’s another reason for the rising interest in our book. We reject the deep premise of modern Western historians that social time is either linear (continuous progress or decline) or chaotic (too complex to reveal any direction). Instead we adopt the insight of nearly all traditional societies: that social time is a recurring cycle in which events become meaningful only to the extent that they are what philosopher Mircea Eliade calls “reenactments.” In cyclical space, once you strip away the extraneous accidents and technology, you are left with only a limited number of social moods, which tend to recur in a fixed order.

Along this cycle, we can identify four “turnings” that each last about 20 years — the length of a generation. Think of these as recurring seasons, starting with spring and ending with winter. In every turning, a new generation is born and each older generation ages into its next phase of life.

The cycle begins with the First Turning, a “High” which comes after a crisis era. In a High, institutions are strong and individualism is weak. Society is confident about where it wants to go collectively, even if many feel stifled by the prevailing conformity. Many Americans alive today can recall the post-World War II American High (historian William O’Neill’s term), coinciding with the Truman, Eisenhower and Kennedy presidencies. Earlier examples are the post-Civil War Victorian High of industrial growth and stable families, and the post-Constitution High of Democratic Republicanism and Era of Good Feelings.



The Second Turning is an “Awakening,” when institutions are attacked in the name of higher principles and deeper values. Just when society is hitting its high tide of public progress, people suddenly tire of all the social discipline and want to recapture a sense of personal authenticity. Salvation by faith, not works, is the youth rallying cry. One such era was the Consciousness Revolution of the late 1960s and 1970s. Some historians call this America’s Fourth or Fifth Great Awakening, depending on whether they start the count in the 17th century with John Winthrop or the 18th century with Jonathan Edwards.



The Third Turning is an “Unraveling,” in many ways the opposite of the High. Institutions are weak and distrusted, while individualism is strong and flourishing. Third Turning decades such as the 1990s, the 1920s and the 1850s are notorious for their cynicism, bad manners and weak civic authority. Government typically shrinks, and speculative manias, when they occur, are delirious.



Finally, the Fourth Turning is a “Crisis” period. This is when our institutional life is reconstructed from the ground up, always in response to a perceived threat to the nation’s very survival. If history does not produce such an urgent threat, Fourth Turning leaders will invariably find one — and may even fabricate one — to mobilize collective action. Civic authority revives, and people and groups begin to pitch in as participants in a larger community. As these Promethean bursts of civic effort reach their resolution, Fourth Turnings refresh and redefine our national identity. The years 1945, 1865 and 1794 all capped eras constituting new “founding moments” in American history.

Just as a Second Turning reshapes our inner world (of values, culture and religion), a Fourth Turning reshapes our outer world (of politics, economy and empire).

In our paradigm, one can look ahead and suggest that a coming time period — say, a certain decade — will resemble, in its essential human dynamic, a time period in the past. In “The Fourth Turning,” we predicted that, starting around 2005, America would probably experience a “Great Devaluation” in financial markets, a catalyst that would mark America’s entry into an era whose first decade would likely parallel the 1930s.

Reflecting on the decade we’ve just lived through, we can probably agree that the 1930s parallel works well. In the economy, both decades played out in the shadow of a global financial crash, and were characterized by slow and disappointing economic growth and chronic underemployment of labor and capital. Both saw tepid investment, deflation fears, growing inequality and the inability of central bankers to rekindle consumption.

In geopolitics, we’ve witnessed the rise of isolationism, nationalism and right-wing populism across the globe. Geostrategist Ian Bremmer says we now live in a “G-Zero” world, where it’s every nation for itself. This story echoes the 1930s, which witnessed the waning authority of great-power alliances and a new willingness by authoritarian regimes to act with terrifying impunity.

In social trends, the two decades also show parallels: falling rates of fertility and homeownership, the rise of multi-generational households, the spread of localism and community identification, a dramatic decline in youth violence (a fact that apparently has eluded the president), and a blanding of pop youth culture. Above all, we sense a growing desire among voters around the world for leaders to assert greater authority and deliver deeds rather than process, results rather than abstractions.

We live in an increasingly volatile and primal era, in which history is speeding up and liberal democracy is weakening. As Vladimir Lenin wrote, “In some decades, nothing happens; in some weeks, decades happen.” Get ready for the creative destruction of public institutions, something every society periodically requires to clear out what is obsolete, ossified and dysfunctional — and to tilt the playing field of wealth and power away from the old and back to the young. Forests need periodic fires; rivers need periodic floods. Societies, too. That’s the price we must pay for a new golden age.

If we look at the broader rhythms of history, we have reason to be heartened, not discouraged, by these trends. Anglo-American history over the past several centuries has experienced civic crises in a fairly regular cycle, about every 80 or 90 years, or roughly the length of a long human life. This pattern reveals itself in the intervals separating the colonial Glorious Revolution, the American Revolution, the Civil War, and the Great Depression and World War II. Fast-forward the length of a long human life from the 1930s, and we end up where we are today.

America entered a new Fourth Turning in 2008. It is likely to last until around 2030. Our paradigm suggests that current trends will deepen as we move toward the halfway point.

Further adverse events, possibly another financial crisis or a major armed conflict, will galvanize public opinion and mobilize leaders to take more decisive action. Rising regionalism and nationalism around the world could lead to the fragmentation of major political entities (perhaps the European Union) and the outbreak of hostilities (perhaps in the South China Sea, the Korean Peninsula, the Baltic states or the Persian Gulf).

Despite a new tilt toward isolationism, the United States could find itself at war. I certainly do not hope for war. I simply make a sobering observation: Every total war in U.S. history has occurred during a Fourth Turning, and no Fourth Turning has yet unfolded without one. America’s objectives in such a war are likely to be defined very broadly.

At the end of the 2020s, the Fourth Turning crisis era will climax and draw to a close. Settlements will be negotiated, treaties will be signed, new borders will be drawn, and perhaps (as in the late 1940s) a new durable world order will be created. Perhaps as well, by the early 2030s, we will enter a new First Turning: Young families will rejoice, fertility will rebound, economic equality will rise, a new middle class will emerge, public investment will grow into a new 21st-century infrastructure, and ordered prosperity will recommence.

During the next First Turning, potentially the next “American High,” millennials will move into national leadership and showcase their optimism, smarts, credentials and confidence. Sometime in the late 2030s, the first millennial will be voted into the White House, prompting talk of a new Camelot moment. Let a few more years pass, and those organization-minded millennials may face a passionate and utterly unexpected onslaught from a new crop of youth.

Welcome to the next Awakening. The cycle of history keeps turning, inexorably.


http://www.zerohedge.com/news/2017-02-26...ains-path-ahead
_________________________
Igy6 You Leftists have tried everything to de-legitimize our duly-elected president.

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#1495916 --- 02/28/17 10:17 AM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8060
See what I mean tommyboy, you take every opportunity to engage me, which is no problem but your inabilities are your alarming weaknesses. My friends Teonan & Kyles possess wit, grace, wisdom, myself, possess enough mechanical and career skills to have made life very comfortable and enriching.....now there's you, no charm, no skills, no education, no amount of wealth, no wife, no redeeming value toward humanity.....the list goes on, I can see why you're so angry while having nothing to offer except the nonsensical BS. Can't wait for your reply which are so rapid and confusing, it only manages to highlight the obvious reason(s) you have no charm, no skills, no education, no amount of wealth, no wife, no redeeming value toward humanity. grin
_________________________
When people show you who they are, believe them.
Maya Angelou

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#1495918 --- 02/28/17 10:30 AM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: ThomasDecker]
ThomasDecker Offline
Senior Member

Registered: 08/17/16
Posts: 1521
Loc: Saint Regis

Ryan and Bannon Forge Unexpected Alliance on Border Tax
by Anna Edgerton
and Jennifer Jacobs
February 28, 2017, 10:59 AM EST




https://www.bloomberg.com/politics/artic...n-on-border-tax
_________________________
Igy6 You Leftists have tried everything to de-legitimize our duly-elected president.

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#1495920 --- 02/28/17 10:40 AM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: Formermac]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8060
Economists are worried that President Donald Trump's plan to introduce a so-called border tax on imports could cause a spike in inflation.

The logic here is simple: Lots of goods consumed in the US are made overseas, from Mexico to China. Companies aren't going to eat the tariffs Trump wants to slap on these — and so they'll pass on the higher costs to consumers instead.

But the run-up in prices may not be as sweeping as some fear. It'll apply only in select industries, and it will be a one-time hit.

That doesn't mean this won't hurt the economy. Prices are still going higher, and that could become a drag on demand for suddenly pricier goods, denting consumer spending — even on US-made goods. Consumer spending accounts for more than two-thirds of US economic activity.

For the Federal Reserve, which has to balance its job of controlling inflation with keeping the economy growing, the latter is going to matter more. So, even if prices spike, economists don't expect the Fed to react.

Traders seem to have caught on to this. Expectations for inflation did push Treasury bond yields higher at first. More recently, though, they've retreated — a signal investors are not confident in the recovery's durability.

Part of the newfound hesitancy among bond investors comes from an utter lack of clarity on a potential fiscal-stimulus plan, a major source of recent stock market enthusiasm that has seen major averages hit repeated record highs.

At the same time, the Trump team is talking up the part of its economic agenda that many on Wall Street once tried to dismiss as bluster — a desire to aggressively pull back on existing trade agreements and the treating of allies and trading partners as adversaries.

Dovish Fed
Here's what Deutsche Bank economists Matthew Luzzetti and Aditya Bhave had to say about the tax and its implications for inflation — and Federal Reserve policy by association.


"Although the dollar is expected to strengthen to offset some of the effects of the tax, we estimate that core inflation could rise temporarily by between 1.4% and 2.1%," they wrote in a research note. Core inflation excludes volatile food and energy costs, and Fed officials see it as a good predictor of future overall inflation. "Over time, the impact on inflation should be considerably more limited."


"In terms of monetary policy, the border tax should tilt the outlook in a more dovish direction initially, as the Fed is expected to look through the upfront rise in inflation and focus instead on heightened uncertainty and risks to the economy from tighter financial conditions and weaker real income growth," Luzzetti and Bhave added. "Beyond the initial reaction, the tax could be hawkish for the Fed at the margin, especially if the rise in inflation leads to an increase in long-term inflation expectations."
_________________________
When people show you who they are, believe them.
Maya Angelou

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#1495921 --- 02/28/17 11:15 AM Re: Steve Bannon's obsession with a dark theory of history should be worrisome [Re: Formermac]
luckyduck Offline
Member

Registered: 06/15/11
Posts: 248
Loc: NY
Originally Posted By: Formermac
myself, possess enough mechanical and career skills to have made life very comfortable and enriching grin


Don't sell yourself short Mac Daddy - you also possess comical genius. grin

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