EPFR, IGM Credit, IGM FX and Rates, WealthManagement.com
26 Jan 2018
There might be something disingenuous going on, but what do I know? I specifically refer to Washington, but I’ll expand that to the investment community, or at least some of it. In sum, let me rain on someone’s parade.
I read this week that Trump Administration leaked a $ trillion infrastructure plan which a few hours after it was leaked went to $1.7 trillion as announced by Trump -- that’s not a leak but a gush. The plan has that 50% of the appropriations for it going towards grants to public and private initiatives. Here’s a link to the original report (https://goo.gl/D4ge74). I’m not sure how this all works, but according to some of the reports on this the Administration has sought $200 bn in grants over 10-yr to “leverage” investment from state, local and private sources” to get to that $1 trillion and presumably more to get to $1.7 trillion. Read more from David Ader's latest musings.