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Trump's Economic & Winning Thread

Ensoniq

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I know we want see through so you monitor the other side

But it makes you t easier to climb

Needs electricity or,something sharp

 

Irons

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Trump Lawyers Send Stormy Daniels a Bill for $341,559.50 – Fees Awarded by Judge For Defending Frivolous Lawsuit…
Posted on October 30, 2018by sundance

Attorneys representing the interests of President Trump in the case of Clifford v. Trump previously won a dismissal of all claims against Mr. Trump. As a consequence the court ordered the plaintiff “Stormy Daniels” and her creepy porn lawyer, Michael Avenatti, to reimburse Donald Trump’s legal team for all expenses incurred during their defense of the frivolous lawsuit.
The lawyers representing Mr. Trump filed a motion with the court and now submit a claim for $341,559.50 for legal costs incurred (full pdf below). The court will also likely impose monetary sanctions upon CPL Avenatti.

(Source Doc. – pdf embed)


.
 

Irons

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MAGAnomics: ADP Private Payrolls Increased 227,000 Jobs – BLS Private Sector Wage Growth 3.1%…
Posted on October 31, 2018by sundance

More fantastic MAGAnomic numbers today to bolster the great news from yesterday. ADP/Moody’s private payroll analysis shows 227,000 jobs gained in October, and September’s revised actual payroll numbers increased from 218k to 230k.
The ADP hiring analysis reflects continued strong jobs growth across the U.S. with private sector employment increasing by 227,000 jobs in October. This exceeds the earlier projections where analysts were expecting 189,000 new jobs added during the month.



The October payroll increase was the highest since February 2018. Additionally, the Bureau of Labor Statistics released their latest employment cost summary today showing overall wage growth in September of 2.8% year-over-year.



(Table 8 – Link)

BLS release: Private sector wages and salaries increased 3.1 percent for the 12-month period ending in September 2018 and increased 2.6 percent in September 2017. [See tables A, 5, 9, and 12.]

Under the previous economic policies, and the prior administration, wage increases were non-existent even during the economic recovery. However, with the MAGAnomic focus on Main Street, the economy is expanding at a greater rate and absorbing all available workers. The unemployment rate is now at 3.7 percent, the lowest since 1969, and wage pressures have been building significantly since the 2nd quarter of 2018.

As the ADP payrolls show, there are massive amounts of new jobs being created each month as investment flows back into the U.S. and American manufacturing is fired up with President Trump’s MAGA “magic wand.”







“Complicated business folks…. Complicated business”…
 

Irons

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historyrepete

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Influence in Action: Croatia Will Not Sign U.N. Migration Agreement – Brazil Will Move Embassy to Jerusalem…
Posted on November 1, 2018by sundance

Reports from European media that Croatian nationalist President Kolinda Grabar-Kitarovic will follow with the United States, Hungary and Austria and dismiss the United Nations latest global migration agreement.

Find someone that looks at you the way Kolinda Grabar-Kitarović looks at Donald Trump

I look longingly at her also
Screenshot_20181102-043753_Google.jpg
 

newmisty

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newmisty

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newmisty

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newmisty

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SongSungAU

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Output Soars Even at U.S. Manufacturers That Make Stuff from Tariffed Steel and Aluminum

AP Photo/Manuel Balce Ceneta
16 Nov 2018


Tariffs on steel and aluminum are not slowing down most American manufacturers that use the metals in production, defying forecasts that the higher duties would hit metals-using businesses hard.

There have been many anecdotal reports of strains put on metals using business from the tariffs but the data do not support the idea that these are significant in aggregate. If anything, the tariffs have been accompanied by rising output and rising demand for productive capacity.

Fabricated metals products output rose 0.2 percent in October, the third consecutive monthly gain, according to data released by the Federal Reserve Friday. For the year, output is up 5.3 percent. These are the intermediate stage metals products that later get transformed into durable goods for consumers–in other words the sector most likely to feel the strain from tariffs.

And far from tariffs leaving these metals-transforming plants idle, capacity utilization rose in October to 81.9 percent. This is far above the long-term average of 77.5. Prior to the metals tariffs being imposed in May, utilization was down at 80.4.

Machinery manufacturing output rose 1.2 percent in October, the fifth monthly gain. For the year, this is up 6.9 percent. Capacity rose to 80.7 in October, up from 79.6 a month earlier and 75.7 back in May.

Motor vehicles and parts production has had a very volatile year. Prior to the metals tariffs, output fell 8.5 percent in May only to rise 7.1 percent in June. Since then, output fell 2.5 percent in July, rose 3.6 percent in August and 1.3 percent in September, and then fell 2.8 percent in October. The end result of all this turbulence, however, has been a 2.8 percent rise in auto sector output over the last 12 months.

Capacity utilization in the auto sector dipped to 77.6 percent from 79.9 percent from the prior month. But this is still above both May’s 73.1 percent and the long-term average of 75.2.

Aerospace and miscellaneous transportation equipment, another heavy metals-using sector, saw output grow 1.7 percent in October, the fifth consecutive monthly gain. Output is up 4.o percent compared with a year ago. Capacity utilization rose to 78.5 percent from 77.2 percent. Back in May, utilization was 75 percent and the long-term average is 74.2 percent.

There was a decline in output for producers of electrical equipment, appliances, and components, a broad category that is a lot less steel and aluminum-intensive than the categories above. Output fell 0.3 percent for the month and utilization fell four-tenths of a percentage point to 76.7, below the long-term average but slightly above the May level. While some of this may be due to tariffs, the decline in prices for a lot of electronic equipment is likely a bigger factor.

There appears to be something of a glut in consumer electronics. The cost of televisions fell again in October, dropping by a seasonally adjusted 1.3 percent. This is the third consecutive monthly decline for televisions. Compared with a year ago, television prices are off 17.8 percent. The price of personal computers fell 1.6 percent and is down 4 percent for the year. Phone prices are down 6.6 percent compared with a year ago.

Alan Tonelson, who examined the Fed data in a post on Friday, points out that appliance sales may have been dragged down by the sluggishness of the housing sector:
Accelerating deterioration clearly characterizes the major appliances sector, but do tariffs (which include not only the metals levies but separate tariffs on household laundry machines that result from a trade law case initiated during the Obama years) deserve most of the blame? Maybe not, considering that the domestic housing sector – a big generator of major appliance sales – is in the middle of a noteworthy slowdown.

The China tariffs, which began to be applied to a larger array of consumer goods in September, may have boosted production. Output in furniture manufacturing, which is a major category for Chinese imports and had fallen in August, was up 1.4 percent in September and 1.6 percent in October. Compared with a year ago, output is up 3.1 percent. Utilization rose a full percentage point to 76.9, topping its long-term average of 76.7.

Rising output and utilization indicate that U.S. businesses may have to invest more to expand capacity if growth is to continue. Likewise, tighter labor supplies combined with rising output points to a promising wage picture for manufacturing workers.

source:
https://www.breitbart.com/politics/2018/11/16/octobermanufacturingmetals/

Winning!
 

SongSungAU

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"This is the blue-collar, middle-class Trump Economy."


Published on Nov 1, 2018 by The White House
 

Uglytruth

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Driving on the turnpike yesterday. Saw a semi with an American flag on one rear door and the other a banner Trump 2020.......
Truckers seem busy, truck mechanics are busy & both seem happy.

Just ain't buying what msm is sellin.

How they going to spin great Christmas sales as a negative?
 

Irons

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Thecrensh

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SongSungAU

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Okay, Irons, I apologize for this post. It's obviously a video before Trump became President but it shows the guy has a sense of humor and can make jokes about himself. That's "winning" in a way.

 

newmisty

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newmisty

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DJT

https://twitter.com/realDonaldTrump/status/1069441198157455360
 

Ensoniq

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And that’ll be +500 on the Dow today

Thx Mr President
 

newmisty

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China Dismisses Confusion Claims, Says "Very Successful" Meeting With Trump

Following a story from The Washington Post quoting a former U.S. government official who was said to have been in contact with Chinese officials, claiming Beijing are “puzzled and irritated” by the Trump administration’s behavior, and widespread confusion across media claiming the 'truce' as a nothingburger; China's Ministry of Finance has denied any confusion or negativity exists.

“You don’t do this with the Chinese. You don’t triumphantly proclaim all their concessions in public. It’s just madness,” the former official, who asked for anonymity to describe confidential discussions, told the Post.

While President Trump’s dinner with Chinese leader Xi yielded a cease-fire in the trade war between the world’s two biggest economies, judging by the market's moves today, the details are proving less than satisfying to those hungering for a lasting truce.

But, tonight, China says trade meeting with U.S. is “very successful” and is “confident” to implement the results agreed upon at the talks, according to a statement on Ministry of Commerce website.

A reporter asked: We know that the Chinese economic and trade team has returned to Beijing. What is your comment on this meeting?

A: The meeting was very successful and we have confidence in the implementation.

Q: How is China prepared to promote the next economic and trade consultation?

A: The economic and trade teams of the two sides will actively promote the consultation work within 90 days in accordance with a clear timetable and road map.

Q: What are the priorities for China?

A: China will start from implementing specific issues that have reached consensus, and the sooner the better.

Of course, as Torsten Slok, chief international economist at Deutsche Bank AG said:

The market wants to see more details before it can make up its mind,

It remains unclear for the market whether the trade war will escalate or deescalate from here.”

And, as Axios reports, Mike Pillsbury is worried Trump's negotiations with China are unraveling. The hawkish former Pentagon official — who Trump has called "probably the leading authority on China" and who reportedly huddled with Trump in the Oval the day before Trump left for his G20 meeting with President Xi — said "there's a risk the deal will come undone."

Pillsbury said he's "getting warnings from knowledgeable Chinese about the American claims of concessions" that the Chinese have said they never made. These contradictions include U.S. claims that the Chinese agreed to "immediately" address their most egregious industrial behavior, to "immediately" restart purchases of U.S. agriculture, and to slash tariffs on American cars.

"I have advised the president's team that for the past 40 years the American side avoids disclosing Chinese concessions before the final agreed written statement is released," Pillsbury told me in a phone interview today.

Sounds an awful lot like WaPo's anonymous source? And is the opposite of the official word from China.

Pillsbury's comments were rapidly followed by White House trade adviser Peter Navarro who told Fox News that it would be premature for people to “lose faith” in the trade discussions the U.S. is holding with China……

https://www.zerohedge.com/news/2018-12-04/china-dismisses-confusion-claims-says-very-successful-meeting-trump
 

newmisty

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SongSungAU

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newmisty

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newmisty

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gnome

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The trade deficit is worse than at any time since 2008.
The budget deficit nearly double what it was when Trump took office.
Labor participation rate has been flat for 5 years, so the employment numbers don't actually mean anything. Not so much winning.
 

Scorpio

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Irons

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November Employment Report: 155,000 Jobs Added – Wage Growth 3.1%…
Posted on December 7, 2018by sundance

The Bureau of Labor Statistics (BLS) has released the latest jobs report for November. The U.S. economy created an additional 155,000 jobs. The unemployment rate remains 3.7%. The annualized rate of wage growth is 3.1%. All good MAGAnomic news.

It’s a little funny to see the pontificating naysayers worry over results that are structurally solid and fundamentally strong. If you had told those same knuckleheads a year ago that wages would be growing 3.1% they would have been stunned at your audacious optimism.



Things are going swimmingly. Exactly as predicted. Wall Street (paper economy) is reacting based on an entirely new economic landscape. Main Street USA (read economy), the Blue/White collar middle-class, is dancing and singing carols en-route to buy the fancier set of Christmas decor this year… Who’s better than our economy? Nobody, baby, no-body… Throw them ju-ju bones out the windows.

Here’s the data:
BLS Report: Total nonfarm payroll employment increased by 155,000 in November, compared with an average monthly gain of 209,000 over the prior 12 months. In November, job gains occurred in health care, in manufacturing, and in transportation and warehousing. (See table B-1.)

Continue reading →
 

Uglytruth

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I know people that are not only working they are getting calls & offers. Friend just went from 95K to 117,500K in one move.
Even lots are part timers / semi retired are working and getting paid well.
 

gnome

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Ensoniq

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I’m finding market wages up 10% in Raleigh

Engineers and technicians

We are either paying more for same experience level we used to get at a lower ranges or we can’t find anyone.

Even the unemployable are getting hired
 
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