The Conference Board, a global economic analytics firm that tries to look ahead, has just issued an “all clear, full speed ahead” signal for the U.S. economy.
After nominating Jerome Powell to head the Federal Reserve, Trump is leaning toward Mohamed El-Erian as his top pick for vice chairman, says the Wall Street Journal.
On his Asia trip, President Donald Trump slammed the globalist vision of multilateral “free trade” regimes such as the Trans-Pacific Partnership that, he said, subvert national sovereignty, freedom, and self-government.
Stock prices were predicted to drop after Donald Trump won the election a year ago, but the Dow has risen 5,000 points since then. Trump is taking the credit, but investors been focusing on company sales, profits, and earnings.
It may sound cliché, but there is a great deal of wisdom in the old saying about catching criminals: “Follow the money.” That advice applies as much to catching small-time petty thieves as it does to big-time global crime syndicates.
One measure of how the U.S. economy continues to exceed expectations is the Economic Surprise Index published by Citigroup, which is used to measure how the economy compares to those expectations. At the moment at least, it reflects the ebullience reported elsewhere.
A strong economy is overriding economic turbulence, including the damage and unemployment from hurricanes, historical concerns about the 2018 midterms, and lower local and state government spending.