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 wide-spread belief among sophisticated investors that the US economy will continue to chug along handsomely.
Despite what you hear from doomsayers like the newly minted Dem front-runner Elizabeth Warren, the rising Trump economy is raising all boats, not just the fat cats on Wall Street. At least that’s what the people who have money in the game are saying, and their word counts a lot more than any leftist politician.
The US economy grew nearly 2 percent last quarter, powered largely by continued strength of consumer spending, which grew solidly by 2.9 percent. People don’t generally spend money unless they’re feeling pretty good about their economic future.
Read more here.
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