The Trump Economy

NOTHING IS AS IT SEEMS

By Max from UNFTR.com

There’s quite a tug of war going on in the world of economics right now. There’s what we can all see happening and feel — the economic strain — and then there’s what we’re being told and how the markets are behaving. There’s also some funky data coming out of government surveys right now, so if you’re feeling a bit befuddled, you are not alone.

Former Treasury Secretary Henry Paulson (Hank) recently sat for an interview with Bloomberg and offered some fairly stunning remarks that the market and mainstream media appear to have looked past. It’s an odd thing considering Paulson’s front row seat and participation in the Global Financial Crisis. Paulson spent 32 years at Goldman Sachs, rising from the Chicago office all the way to Chairman and CEO. Took home an estimated $480 million over his career there, sold over $600 million in Goldman stock when he left for government. To put it plainly, the man knows money. And he certainly knows what a crisis looks like.