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Home Depot Koopter Ken Langone assesses the state of the US economy and resolves the existing political picture during an exclusive interview on “Special Report”.
The self-proclaimed “Free Trade Guy”, “Free Trade Man,” Home Depot co-founder Ken Langone, a warning flag of American markets and economics due to a “scary” indicator.
“I really believe in Washington, we need to take into account the importance of our status in the world economy and world markets, because if he is born,” Langone Fox News “Bret Baier About “Special Report” Tuesday.
“Look at the amount of debt we have raised every year,” he said. “What is today? Thirty-six, thirty-seven (trillion dollars), lasts up to a trillion in a year. It is terrible.”
Shares were highly valued on Wednesday because investors expect the final interest rate decision of the federal reserves.
Dow Jones became an industrial average More than 20 pointsor 0.07%, S & P 500 and Nasdaq composition increased by 0.1% and 0.2%, respectively.
The Fed will announce its final decision to reduce interest rates on Wednesday. Central Bank and Chairman of the Board Jerome Powell faced political pressure from the Trump management to reduce the ratios to wave the economy.
Argued against Langone More rate cuts For time.
Ron Johnson, R-Wis.
“Remember, this, this is this, this, this is so far so far, so far and down to this day.
The Fed will change interest rates that will change interest rates this week, and four flat congregations will be changed in the central bank. Benchmark federal funds targeted from 4.25% to 4.5% for the final percentage of the fed in December.
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The grant interest rate observer editor Jim Grant discusses the obstacles that are fed after 50 main point ratios.
“Four weeks ago, we could not swim from a 20-year bond. They were unbelievable. This is a dangerous signal. This is the beginning,” he said. “It’s hey, wait a minute. ‘ If the integrity of our duty is in question, the next thing is your currency. “
“Now, we will not say that we need to walk with a tin back,” Langone drew more attention. “But I think it’s time to get a little balance here.”
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