I have regularly explained, in my monthly investment strategy reports that the U.S. economy has been on the last legs of an economic recovery for many months. The single reason that the historically weak recovery lasted as long as it did was a robbing of Peter to pay Paul, a distorted interest rate structure created by the Fed. Now along comes Donald Trump to give Americans some hope for the future. I am an independent and not aligned with either of America’s major political parties. I am a strong proponent of “The Swiss Way” of decentralized government based on the principles of powerful states’ (cantons in Switzerland) rights, a weak office of the chief executive, and little power held by the federal court system. In the bargain, “The Swiss Way” does not provide for a standing army. (For that matter, nor does the U.S. Constitution.)
I am a completely unbiased analyst of our government process and the individuals charged with making the critical decisions that govern the day-to-day workings of the American government. In my analysis, there can be only a single two-part reason for the truly remarkable swing in economic momentum exhibited in the U.S. since the presidential election. Americans were turned off and scared by a potential presidential victory for Hillary Clinton and viewed her as both a national security risk and a crook. On the other hand, Donald Trump had caught the mood in America of anti-radical Muslim immigration, anti-foreign adventurism, anti-public union/failing schools, and anti-over regulation and high taxes.
So yes, Donald Trump is to be given all the credit for America’s stunning snap-back in consumer confidence. And Trump is more than happy to take all the credit, as reported by MarketWatch.com.
The President-elect Donald Trump took to Twitter to thank himself.
Trump took credit for rising consumer confidence in an evening tweet — and said he’s the one who should be thanked.
“The U.S. Consumer Confidence Index for December surged nearly four points to 113.7, THE HIGHEST LEVEL IN MORE THAN 15 YEARS! Thanks Donald!” Trump said Tuesday.
The market has experienced a Trump bump since the mogul’s election on Nov. 8, reaching record highs and rallying ever since.
The U.S. Consumer Confidence Index for December surged nearly four points to 113.7, THE HIGHEST LEVEL IN MORE THAN 15 YEARS! Thanks Donald!
— Donald J. Trump (@realDonaldTrump) December 28, 2016
US consumer confidence hits 15 year high
Latest posts by Richard C. Young (see all)
- Cato’s Chris Preble Asks, Who’s Advising Trump on Syria? - January 19, 2018
- Turkey/Syria/America: Disaster Ahead? - January 19, 2018
- Trump Administration to Strike Back Against Sanctuary Laws in California - January 19, 2018