Tuesday, May 16, 2017

The Daily Drama Hurting The Dollar And Future Economic Growth

The daily drama and endless political controversies are beginning to weigh on the dollar and US economic growth. Foreign exchange markets, a falling dollar and rising Euro, suggests growing uncertainty about the timing and execution of economic reforms needed to spur US economic growth over short-term and prevent a serious economic contraction after 2017. EAC which peaked in February confirm steady economic deterioration since February. This trend will prove troublesome when the economic cycle turns lower in the second half of 2017.

Headline: Trump revealed highly classified information to Russian foreign minister and ambassador

President Trump revealed highly classified information to the Russian foreign minister and ambassador in a White House meeting last week, according to current and former U.S. officials, who said Trump’s disclosures jeopardized a critical source of intelligence on the Islamic State.

The information the president relayed had been provided by a U.S. partner through an intelligence-sharing arrangement considered so sensitive that details have been withheld from allies and tightly restricted even within the U.S. government, officials said.



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