The Leading Economic Indicators were flat last month after a full quarter of monthly mini-declines. After a 0.1% pre-revision mini-decline in October, the Coincident Economic Indicators recorded a strong 0.4% pre-revision November. Meanwhile, the Dow has gained over 10,000 points since Trump’s election win. No way the economy is heading for recession at this juncture, […]
Trump Era Adds 10,000 Points to the Dow, and Counting
Fox Business’s Jonathan Garber reports that on Monday, the Dow Jones Industrial Average crossed 28,332.74, and therefore had climbed more than 10,000 points since Donald Trump was elected as the 45th President of the United States on November 8, 2016. That’s a 54% gain, excluding the Dow’s all-important dividends. He writes: The gains show why […]
Is “Massive” U.S.-U.K. Trade Deal Coming?
After Prime Minister Boris Johnson’s Tory Party won a landslide victory in the U.K.’s recent parliamentary election, President Trump tweeted congratulations to PM Johnson, and teased a deal that could be great for both countries. Congratulations to Boris Johnson on his great WIN! Britain and the United States will now be free to strike a […]
Trump’s Tax Reform Makes America’s Competitiveness Great Again
Richard Rubin explains in the Wall Street Journal that as a result of President Trump’s 2017 tax reform bill, America went from being one of the least competitive countries in the world to one of the most competitive. He writes (abridged): WASHINGTON—President Trump’s 2017 tax cuts reduced the U.S. tax burden to one of the lowest […]
Trump Leads US Economy to Longest Expansion in History
No question. President Donald Trump must be reelected in 2020. Despite the hangover from one of the least successful and prepared presidents in history, President Trump has delivered to Americans exactly as promised. And 3rd-quarter GDP growth was just revised up to 2.1% from 1.9%. Fed Chairman Jerome Powell proclaimed, “Conditions are generally good.” And […]
Stock Market Records Power Trump Over Progressive Dreamers
At the New York Post, Charles Gasparino explains the strength of the Trump economy, writing (abridged): If the stock market is worried about the President Trump getting impeached it has a funny way of showing it: The Dow, the S&P and Nasdaq set new records Monday, buoyed by strong corporate earnings, a possible trade deal and […]
The Unspeakable Good News Democrats Won’t Discuss
One of the biggest middle-class success stories in modern times is a testament to the Trump tax, regulatory and energy policies, writes economist Stephen Moore. (The) latest income numbers also squarely contradict the claims by Democratic presidential candidates: Vice President Joe Biden and Sens. Elizabeth Warren and Bernie Sanders, claim that all the gains from the […]
84% of Americans Say There’s Nothing Wrong With Making Money
Is there anything wrong with trying to make as much money as you honestly can? According to 84% of Americans, the answer is no. It’s somewhat surprising that 16% of Americans would harbor any doubt about that. Cato Institute research fellow Emily Ekins explains the findings of the new Cato 2019 Welfare, Work and Wealth […]
Stein: “The economy is staggeringly strong.”
In the words of writer, actor, economist, and lawyer Ben Stein, “The economy is staggeringly strong.” Stein, living in Beverly Hills and Malibu, explains to readers of The American Spectator in his weekly “Ben Stein’s Diary,” that unemployment is a curse that President Trump has lifted from so many Americans. He writes (abridged) Trump’s promises […]
Income Inequality Declining in the Trump Years
Citizens of these United States have much to be thankful for. More jobs, higher incomes, less poverty are all good signs of an improving society. Fewer Citizens Living in Poverty “By important measurements, life is getting better in the United States, especially for those at the bottom of the income ladder, writes James Freeman in […]
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