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Mon Feb 12, 2018, 05:20 PM

Goldman Sachs Says: Trumps Deregulation Has Little Economic Impact

Source: Bloomberg

President Donald Trump’s deregulation agenda for industry has had limited impact on the job market and capital spending during his first year in office,

according to Goldman Sachs.

A study by the bank found little evidence that “non-financial deregulation has had meaningful macroeconomic impact to date,” according to research report released on Sunday that analyzed commentary from equity analysts, economic data and post-election stock returns. “While press reports often highlight deregulation as a key driver of the economy’s acceleration over the last year, identifying its causal impact is challenging.”

The findings aren’t surprising, the bank said. Rolling back regulations can be a “slow and difficult” task, regulations don’t impose that high of a cost, and state and local actors are often responsible for red tape that really make a difference, according to Goldman Sachs.

Read more: https://www.bloomberg.com/news/articles/2018-02-12/trump-s-deregulation-has-little-economic-impact-goldman-says



Puhhlleeaassee....What a - C R O C K

How much more does Goldman Sachs want? Aren't the people in charge of the FED, SEC etc., etc..predominately Goldman Sachs alumnus?

Currently, Goldman Sachs gets to break the law, without remorse or relent.

Does Blankfein want us to deposit the entire U.S. Treasury into the Bank of Goldman Sachs?

........Shheesshh

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Arrow 9 replies Author Time Post
Reply Goldman Sachs Says: Trumps Deregulation Has Little Economic Impact (Original post)
laserhaas Feb 12 OP
BlueDog22 Feb 12 #1
William Seger Feb 12 #2
TygrBright Feb 12 #3
elleng Feb 12 #4
uncle ray Feb 12 #7
mpcamb Feb 12 #5
Jim Lane Feb 12 #6
not fooled Feb 12 #8
Jim Lane Feb 12 #9

Response to laserhaas (Original post)

Mon Feb 12, 2018, 05:22 PM

1. Bankers

When Bankers are telling you that you're deregulation will make little impact, well you can take that to the bank. If it helped their bottom line, they'd be shouting for the the Feds to cut those regulations.

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Response to laserhaas (Original post)

Mon Feb 12, 2018, 05:40 PM

2. "The findings aren't surprising..."

Duh.

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Response to laserhaas (Original post)

Mon Feb 12, 2018, 05:52 PM

3. Oh, "Goldman Sachs says"... Well, alright, then. n/t

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Response to laserhaas (Original post)

Mon Feb 12, 2018, 06:27 PM

4. 'non-financial deregulation'

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Response to elleng (Reply #4)

Mon Feb 12, 2018, 08:41 PM

7. i take it financial deregulation has paid off well. n/t.

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Response to laserhaas (Original post)

Mon Feb 12, 2018, 06:49 PM

5. They won't be drinking the contaminated water or breathing the fetid air.

They live in communities with guards at the gates.

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Response to laserhaas (Original post)

Mon Feb 12, 2018, 07:17 PM

6. Goldman Sachs is almost certainly correct.

Note that the finding concerns "meaningful macroeconomic impact" (emphasis added) from "non-financial deregulation" (emphasis added).

What this means, in plain terms, is that, when Trump and his minions act to allow companies to emit more pollution or subject more workers and consumers to unsafe conditions, these steps do NOT, as the Republicans claim, reduce the overall unemployment rate.

It doesn't mean there are no health impacts. It doesn't mean that financial deregulation has no effect on the economy.

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Response to Jim Lane (Reply #6)

Mon Feb 12, 2018, 08:46 PM

8. Reading between the lines

the benefit goes not to the country as a whole but rather to a small number of wealthy extractive industry oligarchs who no longer have to pay to clean up their pollution.

Just as intended.

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Response to not fooled (Reply #8)

Mon Feb 12, 2018, 09:29 PM

9. I think you're right.

There's definitely a redistribution. That has a big effect on fairness and equality but not a big macroeconomic effect.

It's an important distinction. The Republicans obviously weren't admitting the intended effects. Instead, they were touting a purported macroeconomic benefit (job creation). The Goldman Sachs analysis is dispelling that myth.

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