Posted on 09/07/2017 9:15:03 PM PDT by Olog-hai
The stock market in the United States has been rallying since Donald Trump’s election as president in November, with the Dow Jones Index breaking the 22,000-point mark in August, its third record in a short stretch of time. Yet the extent to which Trump is fueling the upward trend and how long it will last is debatable. Some are already warning of the inevitability of a crash.
Either way, Deutsche Bank has discovered at least two crisis-proof investments. In a recent analyst report, the bank said it was bullish about the prospects for a pair of U.S. companies for which it recently issued “buy” recommendations. These companies are CoreCivic (CXW) and GEO Group, the two largest operators of private prisons in the United States.
Trump’s tough law-and-order policies, which so far have resulted in increasing arrests of suspected illegal aliens, “reinforces our optimism,” Deutsche Bank analyst Kevin McVeigh wrote in the report. The Federal Bureau of Prisons (BOP) and the U.S. Immigration and Customs Enforcement (ICE) are both calculating that an additional 12,000 prison beds will be required in the 2018 budget, a development that is likely to benefit private facilities.
Even before the roundups of alleged illegal immigrants, the U.S. incarcerated more people than almost any other country. Roughly 1.7 million Americans are behind bars — and around one-tenth of them are being held in private, for-profit prisons as government-run correctional facilities are hopelessly overpopulated. The controversial reliance on private prisons has been blasted by critics as a form of modern-day slavery, both because of the wretched conditions and because 56 percent of the total prison population is black or Latino. …
(Excerpt) Read more at spiegel.de ...
If he has only been president 9 months, how could things have changed that quickly?
dem maximum security
If the US is inundated with fake news, Germany’s news is several degrees more fake. Especially Bertelsmann media, with their sordid history.
.
>> “If he has only been president 9 months...” <<
Try 7 months.
.
Meanwhile, Deutschland capitulates to Islam justifying the raping of its nation and children.
Delusional Globalists...
There is nothing wrong with privatized institutions.
Send the ‘volunteer’ prisoners to Siberia. Volunteer to develop the area. Save money. Give them Direct TV with the NFL ticket.
States and the Feds have contracts with private prison operators. If they were so bad that would not be the case.
This is just the sick “Obama good, Trump bad” false paradigm they’re pushing. Never mind “state ownership good, private ownership bad” Marxism that goes with it.
It will only be 8 months on the 21st of September.
Right now it’s a little over 7.5 months.
I will say, imagine what he could have done with a party on his side in Congress.
This from the country that had a system of deadly concentration camps across two continents not that long ago? Physician, heal thyself.
“Send the ‘volunteer’ prisoners to Siberia. Volunteer to develop the area. “
https://en.wikipedia.org/wiki/Gulag
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