And investment is coming back to the US big time. This is what we need, and Trump is the only person that promised to work on this. If manufacturing comes back (especially pharmaceuticals, auto parts, high tech)we are golden. It’s the only option we have for our kids and grandkids.
October payrolls were affected by the Hurricane and Port Strike. Trumps Tariffs have created uncertainty and are a tax increase on Americans in a weak economy. It hurts manufacturers who require inputs from overseas, and increase the costs for companies to reshore. Its also inflationary although the full effects have not yet been fully felt. His draconian immigration policies have scared off tourists, and the weak dollar caused by policies increasing the deficit/debt and tariffs are also inflationary.
We see policies that ought to achieve growth. It will take time. Growth likely the only way to reduce government debt via increased revenues. Still great risks ahead but should be manageable.
Combined with the negative GDP in first quarter the first half GDP increased at a tepid 1.2% compared to 2.5% last year. Core GDP in Q2 was 1.2%. Both quarters numbers were distorted by tariffs (increased imports in Q1 and decreased imports in Q2).
The weakness of the real economy has been papered over by deficit spending, savings and borrowing. The deregulations pushed by the Trump administration are helpful but they are starting with an economy strangled by bureaucratic rules and corporate cronyism.
It has been 17 years since the Bush administration had to kill capitalism in order to save it. Well, the killing happened and we are still waiting on the saving. Oh sure, the stock market hit record highs and owners of assets have been richly rewarded. But the number of US publicly traded companies has declined from 7000 in the 1990s to less than 4500 today. Financial regulations have made it unfavorable for companies to go public and instead we have new ventures being acquired by corporate giants, leading to industry concentration and a lack of consumer choice.
There is most certainly a lot of ruin in the nation. The Trump administration has a long way to go to turn the ship around.
I remember that article. I think I mentioned that, according to Martin Armstrong's model, the downturn began in March last year. Another critical point is that inflation is not over. We are entering stagflation, a period of no growth but high inflation. The EU may even see depressed economic conditions, but certainly a severe recession that is more difficult than the one the US will experience. I'm thrilled that you are in tune with Martin's model. It's been correct for over forty years. Thanks for your insights.
My feeling is the opposite. Trump has turned this around, employers are hiring, people are spending.
And investment is coming back to the US big time. This is what we need, and Trump is the only person that promised to work on this. If manufacturing comes back (especially pharmaceuticals, auto parts, high tech)we are golden. It’s the only option we have for our kids and grandkids.
October payrolls were affected by the Hurricane and Port Strike. Trumps Tariffs have created uncertainty and are a tax increase on Americans in a weak economy. It hurts manufacturers who require inputs from overseas, and increase the costs for companies to reshore. Its also inflationary although the full effects have not yet been fully felt. His draconian immigration policies have scared off tourists, and the weak dollar caused by policies increasing the deficit/debt and tariffs are also inflationary.
Sounds like a great time to travel around the USA! 🇺🇸
We see policies that ought to achieve growth. It will take time. Growth likely the only way to reduce government debt via increased revenues. Still great risks ahead but should be manageable.
US Economy Grows 3 Percent in Second Quarter - Epoch Times.
So you just don't believe this?
Combined with the negative GDP in first quarter the first half GDP increased at a tepid 1.2% compared to 2.5% last year. Core GDP in Q2 was 1.2%. Both quarters numbers were distorted by tariffs (increased imports in Q1 and decreased imports in Q2).
If the economy really is that bad, then this would validate the Federal Reserve lowering their target Fed Funds rate.
Trump's magic wand will demand lower interest rates as it sweeps over the heads of the Fed.
The weakness of the real economy has been papered over by deficit spending, savings and borrowing. The deregulations pushed by the Trump administration are helpful but they are starting with an economy strangled by bureaucratic rules and corporate cronyism.
It has been 17 years since the Bush administration had to kill capitalism in order to save it. Well, the killing happened and we are still waiting on the saving. Oh sure, the stock market hit record highs and owners of assets have been richly rewarded. But the number of US publicly traded companies has declined from 7000 in the 1990s to less than 4500 today. Financial regulations have made it unfavorable for companies to go public and instead we have new ventures being acquired by corporate giants, leading to industry concentration and a lack of consumer choice.
There is most certainly a lot of ruin in the nation. The Trump administration has a long way to go to turn the ship around.
I remember that article. I think I mentioned that, according to Martin Armstrong's model, the downturn began in March last year. Another critical point is that inflation is not over. We are entering stagflation, a period of no growth but high inflation. The EU may even see depressed economic conditions, but certainly a severe recession that is more difficult than the one the US will experience. I'm thrilled that you are in tune with Martin's model. It's been correct for over forty years. Thanks for your insights.