Global CFO Third Quarter Survey: USA is the Only Expanding Economy….

Every quarter, CNBC surveys its Global CFO Council to gain insight into the status of the current global economy.  The CFO council is comprised of Chief Financial Officers of the world’s largest 113 companies that combined are worth nearly $5 trillion.  Interestingly the council is comprised almost exclusively of multinational corporations who are generally opposed to President Trump’s MAGAnomic trade reset.

However, in the third quarter survey the CFO’s note that only one economy in the world is currently improving, the United States.

The multinational CFO’s (Wall Street) generally rail against President Trump’s trade and tariff proposals in almost all financial media.  These are the same multinationals who decry President Trump’s deployment of tariffs as a trade negotiation strategy. However, when it comes to actually quantifying the growth rate of the global regions covered, they admit the U.S. is where the current and future growth is most expansive.

As Investors Business Daily notes:

[…]  The fact that the U.S. appears to be pulling away from the rest of the world hasn’t gone unnoticed, at least not in the White House. At a speech last week at the Economic Club of New York, Trump’s top economic adviser, Larry Kudlow, said “the U.S. is the hottest economy in the world today. We’re crushing it.”

But wait a minute.

For some time now, the “experts” have been telling us that the U.S. was just riding a global growth wave. The improved economy here had nothing to do with Trump’s deregulatory efforts, or his pro-growth tax cuts, or the sharp uptick in optimism once he got elected.

[…]  Now it appears that the U.S. economy is accelerating, while the rest of the world is in neutral. (read more)

Not only is the U.S economy the place to be for investment opportunity and the highest rates of return; but all sectors of the economic base are expanding and generating overall GDP growth.

Orders for durable goods reflect the underlying businesses are predicting future growth, long-term growth.   Trucks and heavy transportation equipment orders continue growing by double-digits (currently 13%).  That is a massive investment internal to the underlying U.S. economic expansion.

We need more winnamins!!

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This entry was posted in Auto Sector, Donald Trump, Economy, Election 2018, energy, Environmentalism, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

68 Responses to Global CFO Third Quarter Survey: USA is the Only Expanding Economy….

  1. magakathryn says:

    That’s our Lion!!!

    Liked by 13 people

  2. Sentient says:

    What about Moldova?

    Liked by 1 person

  3. fleporeblog says:

    The Economic Train 🚂 was watching intently the hearing from earlier today. After Senator Graham stepped up like a CHAMPION, the Train 🚂 said I have enough fuel to run for the next 6+ years. We are living through historical times. Enjoy the hell out of the ride!

    Liked by 24 people

  4. oldschool says:

    🎶”Nobody does it better . . . 🎶, baby you’re the best”🎶

    Liked by 6 people

  5. kinthenorthwest says:

    WOW Time to Implode some more liberals LOL

    Liked by 12 people

  6. mr.piddles says:

    Phew! Needed a break. How ’bout some more positive economic news? Don’t mind if I do.

    Liked by 15 people

  7. ann says:

    Obama’s expected shortly to provide enlightened commentary…

    Liked by 7 people

  8. Pam says:

    The dems know this and try to dismiss it as hogwash. November can’t come soon enough.

    Still not tired of winning Mr. President! 😀

    Liked by 12 people

  9. highdezertgator says:

    Excerpt: Why Trump is Right About Tariffs By Spencer P. Morrison| March 6th, 2018
    “America needs to impose large tariffs to discourage its advanced industries from moving abroad. This will not only help us retain our technological edge, but it will also create an incentive for foreign technology firms to invest in America, further concentrating advanced industry in our nation. Although we cannot guarantee that America will invent the “next big thing,” we can maximize our odds. To do this, we need tariffs.”
    https://amgreatness.com/2018/03/06/trump-right-tariffs/

    Liked by 11 people

  10. D says:

    So India’s economy isn’t improving?

    Liked by 1 person

    • MB224 says:

      India should grow briskly for several years. 1.5 billion people and decent English skills should make it the cheap labor and tech boomtown for a while. They can steal a lot of thunder from Chyna if they play it right, which they would love to do. China will fade as they and many other southeast asian nations, flourish. NK is a big bonus. China overplayed their hand abroad and domestically, with the aging cheap labor and shrinking population, to say nothing of central planning tyranny.

      Liked by 1 person

  11. Minnie says:

    Winnamins, for all!!

    Cheers 🇺🇸

    Liked by 5 people

  12. D says:

    “Improving economy” is pretty broad but id have to respectfully disagree.

    Inda – The country’s gross domestic product grew 8.2% in the quarter ended June, according to official data released Friday.
    That’s a big jump from the 7.7% it delivered in the previous quarter, and widens India’s growth gap over other major economies, including regional rival China.

    https://money.cnn.com/2018/08/31/news/economy/india-economic-growth/index.html

    Liked by 4 people

  13. fred5678 says:

    With the reported explosive growth of Macedonian content farming industry, why isn’t Macedonia also improving along with USA??

    Liked by 3 people

  14. aklh30f7y says:

    The headline is: “Global CFO Third Quarter Survey: USA is the Only Expanding Economy….”
    But in the article (above), the survey is said to be about the “economic situation”, not expansion.

    Many regions with “stable economic situations” are expanding, they have positive GDP growth.

    Like

  15. cripto says:

    Five improvings, one for every point of the USA STAR.

    (China is flip-flopping again, slap slap slap)

    Liked by 3 people

  16. Grandma Covfefe says:

    Boom!
    Winning
    MAGA

    Like

  17. CountryClassVulgarian says:

    “USA is the only expanding economy”. Hmmm I wonder why……

    Liked by 2 people

  18. WSB says:

    I am a bit confused…I thought the US was at $21T and China was at $11T.

    Like

  19. Reflection: An IMPROVING “Economic Situation” does NOT reflect “Economic Outcomes” like Growth in GDP.

    CFOs are rating the “Economic Enablers” that collectively reflect changes in how HOSPITABLE the ECONOMIC ENVIRONMENT for INVESTMENT is, which (1) induces Capital Spending (like the Trump Tax Cuts 1.0 did with first-year writeoffs) needed to (2) expand Production Capacity and Productivity needed to (3) increase Output that (4) grows GDP so long as Government Regulation, Taxation and Litigation aren’t parasitically draining it.

    Liked by 2 people

  20. TMonroe says:

    Well yeah, when the host takes medicine, the parasites shrink…

    Liked by 4 people

  21. RoostyScoot says:

    While the USA fixes its stupid trade deficits, usa growth is going to be mutually exclusive to the rest of the world. They by definition cannot grow while the source of their growth (the false song of globalism) is neutered.

    The next country to M*GA is going to prosper. Id hate to be the last developed nation to get the memo

    Liked by 1 person

  22. Wai cheah says:

    Salesforce CEO “The economy is ripping”. https://www.cnbc.com/1907b0a5-1956-4735-925f-7a2ae483e792

    Like

  23. MightyMustardSeed says:

    Thank You Sundance😊 Very nice news to close out the day. Just love that Baby’ face.

    Liked by 1 person

  24. USA First! says:

    Thank God for President Trump and his magic wand of common sense!

    Liked by 1 person

  25. zephyrbreeze says:

    Our 5-star President bring us into a 5-star economy.

    Liked by 2 people

  26. BigBlockMill says:

    You will be bored with winning! (52 second youtube)

    “https://youtu.be/daOH-pTd_nk”

    Like

  27. NJF says:

    EXCELLENT.

    And for some reason, seeing an exclamation point in Wilbur’s tweet makes me giggle.

    Liked by 1 person

  28. pyromancer76 says:

    Thanks to Sundance for keeping us informed about the essential basics – economics.

    I would be delighted if someone knowledgeable about the details of economics (see BlackKnightRides above) kept a page of all those countries that enter into a bilateral trade agreement with us (U.S.) and how their economy changes

    If the change is positive, the specifics of why; if the change is negative (perhaps using new prosperity to pay down ginormous debt), the specifics of why. I would like to follow such a chart for the next 6 years.

    Wouldn’t that data be fantastic for the 2024 election and for choosing as candidate who could keep that streak — prosperity from minding the fundamentals — going?

    Like

  29. Caius Lowell says:

    Apparently the American economy does better without a myriad of communist parasites sucking nutrients from it — who knew?

    Liked by 1 person

  30. Hoop says:

    The world economy is slow to down,,, yet Oil jumps to $80 a barrel….

    The market must be totally fixed.

    Like

    • truthseeker39525 says:

      My understanding is that the trade sanctions will soon be reimposed on Iran, acting to take their oil off the market. Less supply + steady demand = higher price.
      Anyone with better knowledge please chime in!

      Like

  31. Matt Musson says:

    Black Swan Alert – If China hits the wall on growth, we do not know what might happen. A fracture between the North and the South is a possibility. Especially, since Xi usurped the North’s 10 year ruling cycle.

    Like

  32. zombietimeshare says:

    On hearing the news Obama sprinted to the nearest microphone to claim credit for the results of policies he dismissed and said would never work.

    Liked by 1 person

  33. GB Bari says:

    This is an amazing report on the health of our economy as it compares to the rest of the globe, yet only 65 comments are posted here as of this afternoon. Log it.
    After the Kavanaugh crisis is back down to a low rumble maybe this will get more publicity. It’s really good news.

    Liked by 1 person

  34. truthseeker39525 says:

    Watching the stock market, it seems to me that Uncertainty drives the market down.
    I think that once K. is approved, the market will go up.
    However, my tea leaves do not say how much or for how long.

    Like

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