Orders of non-defense capital goods (excl. aircraft) have surged since President Donald Trump was elected.
Trump Powers the Leading Indicators
Since Donald Trump’s presidency began, the Leading Economic Indicators have powered ahead.
On Trade, I’m with Trump and Ross, not Globalists Cohn and Ryan
At The Wall Street Journal, Jacob M. Schlesinger and Rebecca Ballhaus outline President Trump’s global tariffs on steel and aluminum. They write: President Donald Trump kicked his “America First” trade policy into high gear Thursday, launching global tariffs on steel and aluminum, while signaling even more aggressive pressure on trading partners to come, especially against China. In announcing the […]
It’s Morning Again in America
Eight years of a Marxist influenced administration focused on more regulation, higher taxes on the “rich”, and more redistribution stifled growth in one of the most dynamic economies in the world. Just how much growth was stifled is becoming more evident the further we move away from the Obama years. The Obama administration took over […]
Buffett’s Flying J Invests in the Energy Revolution
“A sucker is born every minute, and Warren Buffett just proved it. He agreed to spend an undisclosed sum of his shareholders’ money to buy a controlling stake in Pilot Flying J, the truck-stop chain that sells food, coffee and diesel fuel to truckers”, writes Holman Jenkins, Jr. in his WSJ column. “After all, aren’t […]
The Trump Economy Going Strong
Here’s a quick comparison of the ten months since Donald Trump was elected, and the ten months of the Obama administration up to November 2016. As you can see in the charts below, in the ten months since the election the Conference Board’s leading indicators and coincident indicators have strengthened faster than they had been […]
What Happened to the Middle Class? It’s Not What You Think
There has been a lot written about the demise of the American middle class, but Dan Mitchell points out to readers of his International Liberty blog that the story is not all that it seems. He writes: Some folks on the left like to claim that the middle class is shrinking and that therefore we […]
American Optimism Alive and Well
Despite what appears to be increasing polarizing politics, Americans are optimistic about the economy and the prospects for their children, writes James Freeman in the WSJ. Things seem to be working. There is strong support for fundamental constitutional freedoms and an open and welcoming society. On the other hand, “Americans have become much more skeptical of […]
Here’s Why Politicians Are Terrible at Running the Economy
At his always insightful blog, International Liberty, Dan Mitchell, a senior fellow at the Cato Institute, explains why the private sector will always be better at allocating resources and running the economy than the government. He writes: When I give speeches about the economic case for small government, one of my main points is that people […]
Are We Measuring the Economy Wrong?
On his great blog, International Liberty, Dan Mitchell, a senior fellow at the Cato Institute, makes a great case for using Gross Domestic Income (GDI) as a measure of economic growth, rather than Gross Domestic Product, which is the mostly widely used measure today. Dan makes the point that in the long term, the two […]
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