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Trump's Economic & Winning Thread

Irons

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Ongoing Unemployment Drops to Lowest Level Since December 1973
47

Win McNamee/Pool via AP14 Jun 201828

Jobless claims unexpectedly fell last week, according to data from the Labor Department Thursday.

New filings for unemployment benefits fell by 4,000 to 218,000. Economists had expected a rise to 225,000.
The four-week moving average of claims, considered a better indicator of job market strength because it evens out week-to-week volatility, also fell.
Continuing claims for state unemployment benefits dropped to 1.7 million, the lowest since December 1973.



Big GovernmentEconomicslabor marketunemployment

http://www.breitbart.com/big-govern...nt-drops-to-lowest-level-since-december-1973/
 

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Genius at Work (15 min 59 sec):


Published on Jun 14, 2018 by Bill Whittle
Was history just made? Or was it a made-for-TV charade? The Right Angle team takes a look at the Singapore Summit.
 

Irons

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THIS IS HOW YOU WIN FOR THE AMERICAN WORKER!

I know, we have never seen anything like winning have we?
All we ever got from republicans are bullshit excuses on how these things were impossible.

Honestly, 100% fuck republicans. I HATE being lied too and betrayed.


Canada, EU and Germany Signal Compliance With President Trump Trade Demands…
Posted on June 21, 2018by sundance

This win needs to be sipped slowly for maximum enjoyment.

First, we would draw your attention to May 23rd, when President Trump announced an instruction to Commerce Secretary Wilbur Ross to begin a Section 301 review of the auto industry a week prior to the implementation of the Steel and Aluminum tariffs.

At the time when all media were discussing other ‘matters’ CTH pointed out the strategy that was visible in the Auto-Sector. China, the EU (specifically Germany), and Canada were the strategic trade targets in the approach. About a week later, Canadian Foreign Minister Chrystia Freeland snarkily announced her “sisterhood in trade” with EU Trade Minister Cecilia Malström, and how together they formed a strategy and were going to block President Trump. They were very pleased with themselves (please watch).

Freeland and Prime Minister Justin from Canada, then strategized with Emmanuel from France and Angela from Germany on how they were going to use the G7 to embarrass President Trump on trade conflict issues via the summit; and subsequent use of media press conferences. The entire thing back-fired, bigly. President Trump announced the tariffs would continue until trade reciprocity improved.



It’s been two weeks since the best-laid-scheme was attempted. In the interim, the international audience has watched President Trump’s unrelenting approach toward China.

In the grand-trade-conflict; China is a big fight none of the sideline players would ever attempt. However, the downstream consequence of the international trade team watching intently is their realization that President Trump is not bluffing. You can hear the proverbial gulps from across the Atlantic; and the tremors up North.

Back to May 23rd, 2018, and remember the auto tariff proposal. President Trump has made it clear that he’s more than willing to use reciprocal trade tariffs against all trade partners in getting fair and balanced trade. He ain’t bluffing.
Well, guess what just happened?



Yup, Germany, without consulting with Emmanuel from France, just unilaterally announce the EU is willing to drop all trade tariffs against U.S. auto manufacturers as part of their strategy to fend-off steel, aluminum and crushing auto tariffs.
BERLIN—Germany’s leading auto makers have thrown their support behind the abolition of all import tariffs for cars between the European Union and the U.S. in an effort to find a peaceful solution to the brewing trade war.
The U.S. ambassador to Germany, Richard Grenell, brought the proposal for a broader industry trade pact to the Trump administration on Wednesday, according to people familiar with the situation.​
That would mean scrapping the EU’s 10% tax on auto imports from the U.S. and other countries and the 2.5% duty on auto imports in the U.S. As a prerequisite, the Europeans want President Donald Trump’s threat of imposing a 25% border tax on European auto imports off the table.
[…] A French official said Paris was unaware of the proposal, and it wasn’t discussed during a recent summit between French President Emmanuel Macron and German Chancellor Angela Merkel in Meseberg, Germany. (Read more)​
Too damned funny.
Don’t overlook Angela Merkel making this announcement without consulting with Emmanuel Macron. The German auto-sector is vital to the German economy. Lose the support of the auto industry in Germany and Chancellor Merkel is toast.
Chancellor Merkel controls mini-brie Macron.
Emmanuel gets no respect (LOL).
What comes next?
How about the knee from Ms. Freeland’s “sister in trade“, Cecilia Malström:

(link to article)
WELLINGTON (Reuters) – The European Union is ready to engage with the United States to solve a trade row triggered by Washington’s decision to impose metal impose tariffs, E.U. Trade Commissioner Cecilia Malmstrom said on Thursday.
“We are always open to talk with the U.S. The whole EU is based on the idea that we talk,” she told a seminar. She described the tariffs as “illegal” as they contravened World Trade Organization (WTO) rules. She also said the WTO needs rules to address China’s subsidies and dumping of its goods in markets.
Oh, that winnamin is extra tasty….

The EU is now leaving Canada naked to the trade monster that is the indefatigable Trump. TTFN, it’s every snobby economic minister for themselves.
We must look at that video of Freeland again; just to savor the smugness of it all.



CBC News: The National

@CBCTheNational



In times of tariffs, it helps to have friends in high places. Canadian Minister of Foreign Affairs Chrystia Freeland talks about the value of her close relationship with the EU trade commissioner, calling themselves "sisters in trade." #cndpoli
3:42 PM - Jun 8, 2018


Ha,.. Ha,… Ha… stop, yer killin’ me.

Oh the winnamin. Perfect.

Now, the EU -Germany specifically- might seem like they are attempting to gain some leverage equity here; but really they don’t get any. U.S. automakers gain no short-term benefit from the EU dropping restrictive trade tariffs because Ford, and GM were forced to open plants in the EU to sell vehicles (prior best interests). The benefit to dropping the 10% tariff on American autos is really non-existent; it’s the threat of the 25% Trump tariff on German autos that has the entire sector panicked.

Jaw agape Merkel never thought vulgarian Trump would ever follow through on the 25% auto tariff, until she just saw Trump go from $50 billion against China to the whopping $200 billion tariff he just announced.
When you plant your tree in another man’s orchard, you might end up paying for your own apples; it’s a risk you take…​
Gadzooks, that,…. that…. that Trump, he’s serious.

However, as mentioned, there’s no gained leverage for Germany in putting dropped tariffs on U.S. autos on the table. Almost all of the benefit is on the EU side of that proposal; and U.S. auto workers won’t gain. Fraulein Merkel better quickly start adding to her NATO defense funding and reconsider her opposition to the Iran deal withdrawal.

Commerce Secretary Wilbur Ross is the one handling the EU trade discussion; while Lighthizer and Navarro focus on NAFTA (all three involved in China). It is going to take much more equity on the table from the EU side for Secretary Ross to take a deal.

Hilariously, in response to Merkel’s proclaiming a zero tariff proposal; the CEO of Volvo, a Swedish brand owned by the Chinese, is well positioned to benefit because Volvo are about to launch production inside the U.S. with plans of export to the EU. Conversely, on the losing side, GM shifted to making cars in China (Buick Encore), and Trump is nailing them with a 25% tariff.

All foreign automakers with limited U.S. operations are seriously concerned that Trump’s auto tariff threats will hurt their sales and profits, and the only way to avoid losing market share is to shift production investment into the U.S; or back into the U.S.
Strategery.

Back to Canada, and the ill-fated, now back-fired, scheme of Justin and Chrystia; standing naked and alone, as the reality of national economic interests has their former anti-Trump trade allies headed for the exits to save their industries.

Yikes, amid all of Canada’s uppity antagonism and demands for gender equity in NAFTA trade negotiations now they’re seriously exposed and more vulnerable than ever to Godzilla Trump and his “killers’. The sight of a grinning Robert Lighthizer demands another slowly savored winnamin…. delicious.

Yup, the Canadian reality is beginning to sink in.

Stay With It:


What Canadians are only just beginning to realize is that Trump doesn’t bluff; he really means this stuff… Trade equity is part of President Trump’s DNA profile.

So we should keep an eye on Justin and Chrystia… My guess is, given the political stunt the Canadian duo just pulled at the G7 – President Trump is not inclined to take the lumps out of this one. It is increasingly likely that POTUS might quietly remove those 1 million imported Canadian autos from their manufacturing base and deliver them to Michigan, Pennsylvania and Ohio.

Actions have consequences.

Leverage; he is the master at it.



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https://theconservativetreehouse.co...ompliance-with-president-trump-trade-demands/
 

newmisty

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Greatest President We could ask for!
 

Irons

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Greatest President We could ask for!
Nice reminder of how much fun the last presidential election was!
Damn near every day another chance to laugh and yell "Go get 'em Donald!"



.:2 thumbs up:
 

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Another thing you won't hear from the Ministry of Truth. Trump holds all the cards..................

China Begins to Question Their Economic Ability To Withstand U.S. Trade Pressure – Bamboo Forest Too Dense For Local Panda Population…
Posted on June 26, 2018by sundance

There is an article from Bloomberg which finally concedes the obvious economic and trade dynamic within a U.S. -vs- China confrontation. The media paradigm shift is based on new statements from Chinese Ministers admitting they cannot win a trade confrontation with U.S. President Trump.



The summary reason is simple, we have discussed it frequently:
China is a production-based economic model, they do not have the ability, or wealth, to consume their own durable goods production; they rely on exports.

The U.S. is a more balanced economy; we consume 80% of our own production. We are self-sustaining, China is not.

Without a market to sell their products, the Chinese economy cannot survive.

Conversely, China has focused so intensely on durable-goods manufacturing,

their consumable goods market (food) is dependent; they cannot feed themselves.

The U.S. can survive without exporting food, China cannot survive without importing food.
The U.S. economy can survive without importing durable goods; the Chinese economy cannot survive without exporting durable goods.


This is the unavoidable trade reality. As a consequence President Trump has all the factual leverage.

In stunning, and carefully worded economic writings, Chinese academics and economic ministers are now talking about the inherent weakness of the Red Dragon policies:

(Bloomberg) Xi Jinping vowed to match Donald Trump blow for blow in any trade war. Now as one gets closer, some in Beijing are starting to openly wonder whether China is ready for the fight — an unusually direct challenge to the leadership of the world’s second-largest economy.​
The essays have raised concerns that the ruling Communist Party underestimated the depth of anti-China sentiment in Washington and risked a premature showdown with the world’s sole superpower. Such views push the bounds of acceptable public debate in a nation where dissent can lead to censure or even jail time, and are particularly bold given Xi has amassed unrivaled control while leading China to a more assertive role on the world stage.​

[…] “It seems like Chinese officials were mentally unprepared for the approaching trade friction or trade war,” Gao Shanwen, chief economist for Beijing-based Essence Securities Co., whose biggest shareholders include large state-owned enterprises, wrote in one widely circulated commentary.​
[…] The essays have been noticed by key officials. Gao’s piece was circulated last week among bureaucrats at the Commerce Ministry, which has been on the front lines of the trade dispute, said one agency official, who asked not to be named because the discussions were private.​

Other officials expressed skepticism about the senior leadership’s strategy in discussions with Bloomberg News last week. One Finance Ministry official said the country had made a “major misjudgment” of the U.S.’s commitment to a long-term confrontation with China.​
[…] “People are going to look back at this year as the pivot point when Xi Jinping overreached and sparked an international backlash against the party and China’s development model on multiple fronts,” said Jude Blanchette, China practice lead at Crumpton Group in Arlington, Virginia, and a former Conference Board researcher in Beijing. “There can’t be a domestic backlash because most of what they spend their time doing is thinking about how to stop that.” (read full article)​

Plant your trees in another man’s orchard, and don’t be surprised if you end up paying for your own apples!
Again, the key dynamic: The U.S. economy can survive without importing durable goods; the Chinese economy cannot survive without exporting durable goods. This is the unavoidable trade reality.
Now, frame that in a similar way for NAFTA.

The Canadian and Mexican economy (due to NAFTA) cannot survive without importing cheap durable goods from China to use in their assembly-based economies, and then trans-ship into the U.S market. However, the U.S. economy can survive, it can actually expand BIGLY, without accepting trans-shipped assembled goods from Mexico and Canada

Put simply, without NAFTA, the assembly processes just moves INTO the U.S because the market *is* the United States. We are the $20 trillion customer. We hold the leverage.
Example:

View image on Twitter

Canada's biggest steelmaker expects layoffs because of U.S. tariffs https://bloom.bg/2MpJ2HP



NOTE: “Donnelly said in his opening remarks that there was already a rise in product being diverted to Canada in recent years and signs of even more since the U.S. tariffs began this year.”..
This is evidence of multinationals exploiting the NAFTA loophole to avoid U.S. tariffs. This fatal flaw is at the very heart of the issue within the U.S. trade policy inside NAFTA. As long as Mexico and Canada remain gateways for foreign good assembly and shipment into the U.S. there will never be a way for the U.S. to demand fair and reciprocal trade.
Canada knows their decades-long designed economic position as shipment/assembly trade-brokers is the central issue is the heart of the confrontation with USTR Lighthizer, Commerce Secretary Ross and President Trump. As multinational corporations seek to avoid Trump tariffs they only exacerbate the issue.
If Canada and Mexico don’t try to stop their duplicitous NAFTA benefit scheme, they will end up with even bigger trade surpluses and become even bigger targets for President Trump. In essence, the reason for Canada and Mexico being subject to even more encompassing Trump tariffs’ grows.
If Canada and Mexico do nothing to stop this influx; Trump will levy more than just steel and aluminum tariffs; he’ll likely tax their auto-sector.
As a consequence Canada moves do back-down Red Dragon:

View image on Twitter

Canada is preparing new measures to prevent a flood of steel imports from China and other producers seeking to avoid U.S. tariffs, sources say https://bloom.bg/2tv7fWi

The Canadian government is preparing new measures to prevent a potential flood of steel imports from global producers seeking to avoid U.S. tariffs, according to people familiar with the plans. The Canadian dollar weakened and shares in Stelco Holdings Inc. soared.​
The measures are said to be a combination of quotas and tariffs aimed at certain countries including China, said the people, asking not to be identified because the matter isn’t public. The moves follow similar “safeguard” measures being considered by the European Union aimed at warding off steel that might otherwise have been sent to the U.S. It comes alongside Canadian counter-tariffs on U.S. steel, aluminum and other products set to kick in on July 1. (read more)​
The bottom line is U.S. market access is what all production countries need for their goods and the sustainability of their economies. The same dependency dynamic applies to German autos and Angela Merkel.
Trump wants three key issues resolved with Germany and he’s holding all the leverage to achieve it. 1) He wants Germany to pay for more of NATO defense and quit shirking their own responsibilities. 2) He wants the EU protective trade restrictions removed; and 3) He wants full EU support for sanctions against Iran.

The way for Trump to achieve these three objectives against the EU is through the threats on the auto-sector (20% tariff); which mostly impact Germany. Chancellor Angela Merkel is the EU:



EU Parliament
.
.



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Irons

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Skinner says:
June 26, 2018 at 5:18 pm

The Trump Doctrine will change the world forever for the better…our ECONOMY is the key to peace globally, backed up by a strong and ever alert military.

It is disgusting how our Presidents since Clinton have allowed the looting of our wealth and futures to pad their ego. Let alone the thousands of young Americans dead and permanently injured in “wars” that did not have to be created.

OBL could have been blown up in Tora Bora in October of 2001 if Bush actually was what he pretended to be.


.
 

Irons

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The 800 pound gorilla in the room. China has never been able to feed itself

Want food?
winner3.gif
Thank you Dodger!

CHINA CAN'T FEED IT'S SELF

All the whining and pearl clutching heard on all forms of media. "China trade war will decimate the US!"
"Trump is crazy to mess with China!"

ALL horseshit. Same horseshit we have been fed for 30+ years.


Hey media! Pundits! Experts! . :give finger:
 

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Twist that knife
4103C20A-4377-4A62-B3D2-5B01BAEB7FDF.jpeg

3CA00376-0A3E-4256-918F-73F1B8E13CBB.gif
 

SongSungAU

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If 72% of Americans don't believe what the mainstream media is selling..... Trump is winning bigly.
:-)

I love this President. The best in my life if for no other reason than he is making the establishment (Ds and Rs) sick.


http://www.breitbart.com/big-journa...ishment-media-intentionally-report-fake-news/

Poll: 72% of Americans Believe Establishment Media Deliberately Report Fake News
1956

Jim Cole/AP27 Jun 20181,890
More than two-thirds of Americans, a full 72 percent, believe “traditional news outlets knowingly report false or misleading stories,” according to a Axios/SurveyMonkey poll.
Only 25 percent of Americans believe the media “rarely” or “never” deliberately report fake news.
In other words, only one-quarter of the country believe the media are not guilty of intentionally spreading lies to mislead the American people.
The partisan breakdown is even more revealing…
A full 92 percent of Republicans believe the media intentionally mislead the public. Independents are not far behind, with 79 percent. Even a majority of Democrats, 52 percent, agree, with only 46 percent disagreeing.
And… as if to prove the poll’s point, the Axios report on its own bombshell poll is wildly misleading.
No fair-minded journalist can look at these numbers and not be blown away by the fact that the establishment media have so lost the trust of the American that a breathtaking 72 percent now believe (and for good reason) fake news is reported deliberately.
Seventy-two percent.
Nevertheless, as a means to bury this bombshell of bad news, the left-wing Axios focuses instead on the Republican number of 92 percent, as if to say this is a partisan problem, when there is no question the media have a massive and well-deserved credibility problem all across the board.
The misleading Axios headline reads, “92% of Republicans think media intentionally reports fake news,” which is a deliberate attempt to keep the focus off of the 72 percent.
The top portion of the Axios write up focuses only on the Republican number and summarizes it this way, “The data shows that trust in the media is heavily influenced by partisan politics, with Republicans more skeptical of mainstream media than their Democratic and Independent counterparts.”
Talk about misleading spin. Republicans may be the most skeptical, but we are only talking about a 92/72 percent spread between Republicans and the entire country.
Of those who believe fake news is deliberate, a whopping 65 percent say this is because “people have an agenda.”
Only 30 percent blame the establishment media’s fake news spree on “laziness” or “poor fact-checking.”
Naturally, the far-left Axios attempts to blame President Trump for “exacerbate[ing] the skepticism amongst hardline conservatives with polarizing language (and tweets) about the mainstream media being ‘fake news.'”
“Hardline conservatives?”
Does the mean 72 percent of America is made up of “hardline conservatives?”
Nowhere does Axios mention the countless lies the media have been caught reporting over the last few years.
You see, according to the Politico washouts who created Axios, the media only have a perception problem, not a credibility problem.
Talk about fake news.
Follow John Nolte on Twitter @NolteNC. Follow his Facebook Page here
 

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WINNING: Atlanta Fed Announces 4.5% GPD Growth Estimate For Q2
by Jacob Wohl June 27, 2018 94 Comments
On Wednesday, the Atlanta Fed announced that their GDPNow model estimates Q2 2018 real GDP growth to be 4.5% year-over-year.


View image on Twitter

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During the 2016 Presidential Campaign season, when then candidate Donald Trump pledged GDP growth north of 4%, many mainstream economists and pundits threw water on the idea, saying that it was simply impossible to achieve such growth rates in a globalized economy. CNN released an article just after President Trump’s victory in November 2016 entitled “Trump promises 4% growth. Economists say no way.” The American Enterprise Institute, an establishment-aligned conservative think-tank, released on article in September 2016 entitled “Trump wants 4% (or higher) US growth. Easy. Just massively increase immigration”.

Despite constant skepticism from both sides of the aisle about his lofty growth targets, President Trump has managed to increase the GDP growth rate by more than 100% while also pursuing mercantilistic trade policies and increasingly selective merit-based immigration policies.

On April 4th 2016, when few in the pundit-class thought that Donald Trump had a serious chance of becoming the Republican nominee, the Washington Post published an article entitled “There is math, there is fantasy math, and then there’s Donald Trump’s economic math”. In the article, its authors Jeff Guo and Jim Tankersley said “Such growth is, to put it mildly, inconceivable” when talking about then-candidate Trump’s GDP growth targets.

Almost every single aspiration and goal that President Trump has proposed has been met with immediate skepticism and criticism from the media, but few none of Trump’s ideas were met with more dismissive laughs from the media than his proposed economic policies. Nonetheless, America’s economic standing in the world is stronger than ever.

https://www.thegatewaypundit.com/20...fed-announces-4-5-gpd-growth-estimate-for-q2/
 

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YEP,

The kenyan did a great job and thank goodness he set this all up for us,

Just think where we would be without his incredible service to this country,

check that, don't

it is far too horrible to contemplate

tramp is one lucky man to have the kenyan load the bases for him.
 

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WINNING: Atlanta Fed Announces 4.5% GPD Growth Estimate For Q2
by Jacob Wohl June 27, 2018 94 Comments
On Wednesday, the Atlanta Fed announced that their GDPNow model estimates Q2 2018 real GDP growth to be 4.5% year-over-year.


View image on Twitter

On June 27, the #GDPNow model estimate for real GDP growth in Q2 2018 is 4.5% http://bit.ly/2qrb8tI
Twitter Ads info and privacy




During the 2016 Presidential Campaign season, when then candidate Donald Trump pledged GDP growth north of 4%, many mainstream economists and pundits threw water on the idea, saying that it was simply impossible to achieve such growth rates in a globalized economy. CNN released an article just after President Trump’s victory in November 2016 entitled “Trump promises 4% growth. Economists say no way.” The American Enterprise Institute, an establishment-aligned conservative think-tank, released on article in September 2016 entitled “Trump wants 4% (or higher) US growth. Easy. Just massively increase immigration”.

Despite constant skepticism from both sides of the aisle about his lofty growth targets, President Trump has managed to increase the GDP growth rate by more than 100% while also pursuing mercantilistic trade policies and increasingly selective merit-based immigration policies.

On April 4th 2016, when few in the pundit-class thought that Donald Trump had a serious chance of becoming the Republican nominee, the Washington Post published an article entitled “There is math, there is fantasy math, and then there’s Donald Trump’s economic math”. In the article, its authors Jeff Guo and Jim Tankersley said “Such growth is, to put it mildly, inconceivable” when talking about then-candidate Trump’s GDP growth targets.

Almost every single aspiration and goal that President Trump has proposed has been met with immediate skepticism and criticism from the media, but few none of Trump’s ideas were met with more dismissive laughs from the media than his proposed economic policies. Nonetheless, America’s economic standing in the world is stronger than ever.

https://www.thegatewaypundit.com/20...fed-announces-4-5-gpd-growth-estimate-for-q2/
Already been revised down now, global growth crashing with fed policy missteps

https://stockboardasset.com/insight...he-atlanta-st-louis-feds-just-slashed-q2-gdp/
 
Last edited:

louky

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something sure smells rotten out of that klan
gotta listen to markets, not fed. here's what they're telling us. entire election growth pop is GONE, over fed policy.




how many more days until powell comes clean? or does he? 30 billion more QT just hit june 30th
 
Last edited:

louky

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This is warning GDP about to decline. Unless there's a policy change with the fed, about to be a "catch down" moment back to preelection trump policy pump

Goldman, industrial etf, caterpiller vs real rates

 

louky

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wow, whole trump policy move negated and breaking out against just two days into the week. fed needs to come clean soon.

 

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It's not any secret one of the ways the deep state will try to stop Trump is to crater the economy. I am just as sure PDJT has his people working to counter any of the deep state's attempts to do it. For that reason alone watching the market's daily contractions is meaningless and a waste of time.

Unless of course you are into drama and spend money on newsletter subscriptions.

:2 thumbs up:
 

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They'd love to portray him as Hoover 2.0

If the fed does keep raising interest rates, it'll eventually lead to a contraction.
Amazing how the fed kept rates at zero the entire time hussein was in office but as soon as Trump comes in they have raised rates 6 times?


.
 

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Amazing how the fed kept rates at zero the entire time hussein was in office but as soon as Trump comes in they have raised rates 6 times?
.
I like Trump's tariffs. Let's finance the country with tariffs like we used to before we had the Federal Reserve and the Federal Income Tax.
END THE FED!
Show the manipulators the door.
 

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*Some of the comments below the vid are pretty good. Happy 4th.

Left Needs to Face Reality: Trump is Winning!!!
Dr. Steve Turley


Published on Jul 4, 2018
Trump's presidency is becoming the most consequential of any age!!! Support me on PATREON: https://www.patreon.com/drsteveturley

PLEASE SHARE AND SUBSCRIBE!!! https://www.youtube.com/c/DrSteveTurley

GET YOUR FREE EBOOK FOR A LIMITED TIME: "The Triumph of Tradition: How the Resurgence of Religion is Reawakening a Conservative World" https://www.turleytalks.com

Here's the article: "The Left Needs to Face Reality: Trump is Winning" https://nypost.com/2018/06/30/the-left-needs-to-face-reality-trump-is-winning/
 

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Federal Judge Tosses Junk DNC Lawsuit Alleging Trump Camp and Roger Stone Colluded with Russia During Campaign
by Jim Hoft July 5, 2018 102 Comments
Federal District Court Judge Ellen Huvelle tossed a junk lawsuit by DNC hacks alleging the Trump campaign and Roger Stone colluded with Russia during the 2016 campaign.


The judge said the evidence was too flimsy (or non existent).



The judge was appointed by Clinton.

It’s nice to know there is at least one honest Democrat in America today.

FOX News reported:

A federal judge on Tuesday tossed a lawsuit claiming that the Trump campaign and former adviser Roger Stone colluded with WikiLeaks and the Russian government to publish hacked Democratic National Committee emails during the presidential election.
U.S. District Court Judge Ellen Huvelle said in a ruling that the allegations of conspiracy were insubstantial to proceed in a court, Politico reported.
“The Trump Campaign’s efforts to elect President Trump in D.C. are not suit-related contacts for those efforts did not involve acts taken in furtherance of the conspiracies to disseminate emails that harmed plaintiffs,” wrote the Clinton-appointed judge. “Campaign meetings, canvassing voters, and other regular business activities of a political campaign do not constitute activities related to the conspiracies alleged in the complaint.”
She noted that her ruling is based on the technicalities of the lawsuit and doesn’t take a position on whether the Trump campaign and its officials actually conspired with the Russians during the election…
…The lawsuit was brought by two DNC donors, Roy Cockrum and Eric Schoenberg, and former DNC staffer Scott Comer, who alleged that the publication of the emails violated their privacy and that the Trump campaign and Stone engaged in an illicit activity, according to Politico.​

https://www.thegatewaypundit.com/20...r-stone-colluded-with-russia-during-campaign/
 

Irons

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American Businesses Added 177,000 Jobs in June, Continuing Employment Boom
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Spencer Platt/Getty Images5 Jul 20181,048

American business kept up their fiery pace of hiring in June, adding 177,000 jobs, according to the latest monthly survey by payroll processor ADP.

May’s private sector payrolls were revised up to 189,000 from a previously reported 178,000.
The American labor market is very strong. The average job gain per month for the last 12 months is 190,000, about double the rate of growth of the American workforce. As a result, unemployment is likely to continue to fall despite being already at record-breaking low-levels.
Despite the very low unemployment and robust hiring, pay growth remains elusive. Average hourly wages have been not been rising after adjusting for inflation, according to the Labor Department.

That may change soon.

“Business’ number one problem is finding qualified workers. At the current pace of job growth, if sustained, this problem is set to get much worse. These labor shortages will only intensify across all industries and company size,” Mark Zandi, chief economist of Moody’s Analytics, said. Moody’s helps ADP prepare the report.

Of course, the “problem” for business is a boon for workers. From a job-seekers point of view or from an employee looking for a raise, this economy is set to get much better–not much worse.

Zandi said that wage growth should be solidly 3 percent by next year, up from just around 1.5 percent just a few years ago.
Economists had expected even more jobs in June, around 190,000. But the upward revision in May may indicate that some of the jobs that were expected in June had already been created the month earlier.


Big GovernmentEconomicsADPemploymentJobsMark Zandipayrollswages
 

Irons

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MAGAnomics: Middle-Class Wage Rates Climbing as Expected, Wall Street Financial Media Not Happy…
Posted on July 5, 2018by sundance

For more than three decades all U.S. economic policy has been elevating Wall Street and diminishing Main Street. As a result blue-collar workers have not had wage gains keeping up with inflation for over 30 years…. Then came the era of Trump.



– “Walking in a Winner Wonderland” –

More than two years ago CTH began discussing the ramifications to a new emphasis on the economy outlined as a possibility of candidate Donald Trump’s economic policy outlook. Within the overall discussion we walked through the anticipated changes possible if A.) Trump won the election, and B.) Trump began instituting Main Street economic policyahead of Wall Street policy (the past 30+ years).

We discussed the new dimension that would occur between two economic engines (Main Street -vs- Wall Street) as three decades of policy shifted. CTH outlined statistical and measurable KPI’s that would become visible in the space between the policy shifts.

Part of those discussions focused on energy costs, product costs (we explained how inflation would be weird), and importantly, wage rates. It takes several months of policy emphasis (actual outcomes), before the labor market wage rates would grow. We anticipated seeing that impact in Q2 of 2018, which is April-June 2018. Well:
(Via CNBC) […] The Bureau of Labor Statistics reported that April closed with 6.7 million job openings. May ended with just over 6 million people the BLS classifies as unemployed, continuing a trend this year that has seen openings eclipse the labor pool for the first time. At some point that gap will have to close. Economists expect that employers are going to have to start doing more to entice workers, likely through pay raises, training and other incentives.​

“Pressure is building for employers, and both hard data and anecdotal reports indicate that wage pressures are building,” Jim Baird, chief investment officer at Plante Moran Financial Advisors, said in a note. “With the economy still humming, employers are able to justify stronger wage increases to retain or attract talent, but it’s becoming a more challenging proposition.”
Most inflation measures are at 2 percent or more now, and are likely to continue rising. Companies are reporting record profits, but could find themselves constrained by a double-short of inflation, both from wages and rising costs due to escalating trade tensions and tariffs between the U.S. and its trading partners.
“How much might rising labor costs chew into corporate profits? How much will be passed through to customers in the form of higher prices? That remains to be seen,” Baird said. “Rising labor costs will boost take home pay, but we’re also all likely to see the effect in rising prices for goods and services.”
Those are all issues the Federal Reserve will have to weigh as well. (read more)​


What’s predictably fun to watch is how leading economists and national economic influence agents continue to be perplexed as we flow through the space between these two economic engines. Deep inside this new dimension, which will last for approximately 24 months, the control agents within the Fed cannot figure out why inflation remains low, yet the economy is heating up.

They really don’t get it.

They don’t get it because they have no reference points.

The economic models of the entire last generation+ are based on the assumptions of continuing globalist economics which advances, and has advanced, the interest of Wall Street over Main Street. They were driving a “service-driven economy” message.

The investing class economy, ie. another name for a ‘service-driven economy’, has been the only source of historic reference for approximately three decades. These talking heads convinced themselves that a “service driven economy” was the ONLY economy ever possible for the U.S. in the future.

Back in January 2017 Deutsche Bank began thinking about it, applying new models, trying to conceptualize and quantify MAGAnomics, and trying to walk out the potential ramifications. They began talking about Trump doubling the U.S. GDP growth rate when all U.S. investment groups couldn’t yet fathom the possibility.

It’s like waking up on Christmas morning every day to see the pontificating Fed struggling to quantify analysis of their surrounding reality based on flawed assumptions. They simply have no understanding of what happens within the new dimension.
Monetary policy, Fed control over the economy, is disconnected and will stay that way for approximately another 12-14 months, until Main Street regains full operational strength –and– economic parity is achieved.

As we have continued to share, CTH believes the paycheck-to-paycheck working middle-class are going to see a considerable rise in wages and standard of living. How high can wages rise?… that depends on the pressure; and right now the pressure is massive. I’m not going to dismiss the possibility we could see 10 to 20% increases in year-over-year wage growth in multiple economic sectors.

Winnamins. We’ll need lots of them…

Forget minimum wage laws, they are inconsequential conversations when measured against the reality of how quickly wages rise in a free, fair, unregulated and growing economy.

Seriously, with full measure of optimism and appreciation – and tears of thankfulness that we are alive to experience it – these are exceptional times.

 

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LOL! Go Trump!

President Trump Had Breakfast Bilateral With Secretary General of NATO Jens Stoltenberg At Brussels (8 min 29 sec):​
Published on Jul 11, 2018​
 

SongSungAU

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