AUTHOR: TOWNE SCHERER.COM/BLOG6/27/2019: TowneScherer Private Wealth Management BLOG:
Banks and Rate Reductions
Rate cuts may have a negative effect on the banking sector, says John Allison, former CEO of BB&T in a YAHOO Finance article, 6/20/2019. Although, the article suggested that a quarter point reduction would not be bad, a significant move to lower rates would hurt regional banks. Good is good, unless it’s too good, then it’s bad!!!!
Biden Promising 2017 Tax Cuts Repealed
All Trump 2017 tax cuts would be repealed day one is promised by Biden, if he becomes president of the U.S., reports FOX NEWS 6/22/2019. And there would no more Santa Claus is about to be announced soon, too, I suppose.
Chinese ‘Exascale Computer’ Restrictions
The Commerce Department is imposing new export restrictions that bar 5 giant Chinese developers of next-generation computing from acquiring U.S. technology, according to THE Wall Street Journal 6/21/2019. A next-generation machine capable of one quintillion calculations a second is at the core of Chinese efforts to developing its first ‘exascale computer.’ Is the enemy at the gates?
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.