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!!
That’s our Lion!!!
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Make USA…Buy USA!
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What about Moldova?
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I think Moldova is 3-fiddy…in dollars not millions …lol..jk
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Au contraire, Coldnorth, it’s “Six hunnit Fiddy” dollars… 😆 🤑
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Loch Ness Monster.
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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!
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🎶”Nobody does it better . . . 🎶, baby you’re the best”🎶
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😉
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👍
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WOW Time to Implode some more liberals LOL
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Phew! Needed a break. How ’bout some more positive economic news? Don’t mind if I do.
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😆😆👍
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Obama’s expected shortly to provide enlightened commentary…
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There’s something not right about Obama’s enlightened commentary when his head’s stuck in such a dark place.
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LOL!
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Blackknightrides……that was a good chuckle!
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BlackKnightRides, his commentary always a little off to me.
It makes a kinda funny….. hollow echoing once you get past his gaseous phweeeeeerrrrrt sound.
(He just thinks it’s tinnitus, though he wonders why tinnitus smells so funny. One of life’s little mysteries to him.)
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A very narrow petty soul has he. Indeed.
Obama pulled off a con job on his base. For eight years, I kept repeating a mantra in my head “look at it this way Ann, the electorate.is receiving an inoculation. . The American base will not like the Statist Left’s “ transformation”. They just need time to get more closely acquainted.” 🇺🇸
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Your mantra is much gentler and more palatable than mine.
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Yep. One might say “endarkened commentary”, as he’s speaking the words and will of the dark lord Satan Soros…
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Has he been quiet since Trump mentioned declassification?
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I try to avoid listening to him, although occasionally my email account gets flooded with his grass roots fund raisers.
The “doomsday is upon us “ are real crowd pleasers, let me tell you. 😂🤣😂
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The dems know this and try to dismiss it as hogwash. November can’t come soon enough.
Still not tired of winning Mr. President! 😀
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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/
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So India’s economy isn’t improving?
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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.
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Winnamins, for all!!
Cheers 🇺🇸
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This will make libtards both very angry and very sad.
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Excellent!!!
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“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
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India *
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With the reported explosive growth of Macedonian content farming industry, why isn’t Macedonia also improving along with USA??
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“The last man nearly ruined this place, he didn’t know what to do with it / If you think this country’s bad off now, just wait ’til I get through with it.” Rufus T. Firefly (Groucho Marx) 1st day as ruler of Freedonia (Movie Duck Soup) … isn’t Freedonia between Macedonia and Albania!!! /s
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They need a Dress For Success Program?
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Excellent opportunity for Hillary , WSB. !
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Ha!!!!
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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.
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Excerpt from the article https://www.investors.com/politics/editorials/economic-boom-trump-global-economy/
“Now, suddenly, unexpectedly, and impossibly (according to the experts), the economy has a renewed energy. Incomes are at record highs, unemployment is down. Rather than underperforming, as the economy did throughout Obama’s eight years in office, growth is beating expectations.
So, if the current boom isn’t the result of Obama’s policies (it isn’t), and the U.S. isn’t simply riding a global boom (it’s not), then what explains current growth levels.
Could be it be…..Trump?
Nah, must be something else. Maybe it’s time to consult the star charts.
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Thanks for the clarification. .5% (India 7.7% to 8.2% in 1 quarter) growth sounds like an improvement to me, but i guess most in the survey consider it as “stable”.
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You got relatives in India or money invested there.
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Salesforce CEO “The economy is ripping”. https://www.cnbc.com/video/2018/09/25/salesforce-ceo-the-economy-is-ripping.html?&qsearchterm=salesforce%20ceo
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Five improvings, one for every point of the USA STAR.
(China is flip-flopping again, slap slap slap)
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Boom!
Winning
MAGA
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“USA is the only expanding economy”. Hmmm I wonder why……
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Taking all of our toys back.
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I am a bit confused…I thought the US was at $21T and China was at $11T.
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Sundance’s GDP tables don’t reflect time frames.
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True, confused in NY.
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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.
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Well yeah, when the host takes medicine, the parasites shrink…
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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
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You mean D’oh Canada??
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Salesforce CEO “The economy is ripping”. https://www.cnbc.com/1907b0a5-1956-4735-925f-7a2ae483e792
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https://www.cnbc.com/video/2018/09/25/salesforce-ceo-the-economy-is-ripping.html?&qsearchterm=salesforce%20ceo
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Thank You Sundance😊 Very nice news to close out the day. Just love that Baby’ face.
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Thank God for President Trump and his magic wand of common sense!
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Our 5-star President bring us into a 5-star economy.
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You will be bored with winning! (52 second youtube)
“https://youtu.be/daOH-pTd_nk”
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EXCELLENT.
And for some reason, seeing an exclamation point in Wilbur’s tweet makes me giggle.
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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?
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Apparently the American economy does better without a myriad of communist parasites sucking nutrients from it — who knew?
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The world economy is slow to down,,, yet Oil jumps to $80 a barrel….
The market must be totally fixed.
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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!
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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.
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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.
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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.
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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.
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