MAGAnomic Winning – U.S. Home Sales Stronger Than “Expected” – Stronger Q1 Wage Gains…

The Wall Street pundits are having a harder time pushing their recessionary economic narrative while the results from Main Street continue to beat expectations.  Two data points continue to highlight the strength of Main Street: Home Sales and Wage Gains.

President Trump’s MAGAnomic policies are focused on delivering results to the middle-class worker and family.  The middle-class American is the engine for a Main Street economy.  Growing the middle-class is the key to strengthening the U.S. economy and blocking negative global economic influence.  Growing the middle-class is how the U.S. economy continues to be self-sustaining. [We buy/use 80% of our own production.]

Today The National Association of Realtors released data showing existing home sales rose 2.5% to a seasonally adjusted annual rate of 5.42 million units in July.  Forecasters only expected 5.39 million units.  The U.S. Main Street housing market is very strong.

Because the results defy pundit expectation, Reuters has to ignore the strength of Main Street and put the Wall Street spin on the results.  The efforts to keep pushing a negative economic narrative are intense [Trillions At Stake]:

WASHINGTON (Reuters) – U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve’s shift toward lower interest rates was supporting the economy.


Hopefully everyone can see that now.

It is not interest rates supporting the Main Street economy, it’s the underlying activity.  The Fed interest rates are responding to a need within the Wall Street economy.  When CTH outlined an ancillary benefit hidden inside Trump’s Main Street policy we noted this expectation.  Monetary action by the Fed would now –accidentally– work in favor of the U.S. middle class.

[…] Despite headwinds from a global economic slowdown, the U.S. housing market appears to be strengthening.

The National Association of Realtors said existing home sales rose 2.5% to a seasonally adjusted annual rate of 5.42 million units last month. June’s sales pace was revised slightly higher to 5.29 million units from the previously reported 5.27 million units.

Economists polled by Reuters had forecast existing home sales would rise to a rate of 5.39 million units in July.

The housing sector data appeared to have little impact on stock prices, which rose following upbeat earnings from retailers Lowe’s Cos Inc (LOW.N) and Target Corp (TGT.N) that reinforced confidence in consumer demand.  (more)

See the dynamic?

Main Street is buying homes.  Main Street is purchasing and spending.  Main Street is delivering better earnings to Main Street-centric corporations (Lowes, Target) because Main Street is buying retail goods.

Additionally, the Bureau of Labor Statistics delivers the First Quarter wage results showing Q1 wage growth 2.8 percent year-over-year (national average).  However, I would recommend everyone take a look at this BLS report because it breaks down regional wage gains by national market. [Table 1 – See Here] There are 356 counties measured.

What you see is the counties where MAGAnomic policy is having the biggest impact, are the specific counties where the worker wage growth is highest.  There are several scores of labor markets where year-over-year wage gains exceed 5, 6, 7 percent and higher.

These wage gains will only get better as the trade policy gets further cemented.  The USMCA will push investment into the U.S. for production of goods.  The manufacturing shift out of China will push investment into the U.S. for the production of goods.  Ongoing demands of reciprocity with the EU will push investment into the U.S. for the production of goods.  A U.K-U.S. trade alliance between North American and a doorway into Europe will push investment into the U.S. for the production of goods.

All of these MAGAnomic trade policies push investment into the U.S. for the production of goods.  All of these policies benefit Main Street USA.

President Trump is forcing the U.S. multinational corporations to put their investments back into the U.S. for the production of goods.

That’s the Main Street plan.  That’s the Main Street policy.  We are seeing the multinationals fight, but right now Main Street is winning, and Wall Street is not.

From CTH archives 2016: […]

♦ Inflation on imported durable goods sold in America, while necessary, will ultimately be minimal during this initial period; and expand more significantly as time progresses and off-shored manufacturing finds less and less ways to be productive, skirt tariffs and bottom out their monetary devaluation. Over time, durable good prices will increase – but it will come much later.

♦ Inflation on domestic consumable goods ‘may‘ indeed rise at a faster pace. However, it can be expected that U.S. wage rates will respond faster, naturally faster, than any monetary policy because inflation on fast-turn consumable goods becomes re-coupled to the ability of Main Street wage rates to afford them.

The fiscal policy impact lag, caused by the distance between federal monetary action and the domestic Main Street economy, will now work in our favor.  That is, in favor of the middle-class.

Within the aforementioned distance between “X” and “Y”, a result of three decades traveled by two divergent economic engines, is our new economic dimension….  (more)

This entry was posted in Auto Sector, Big Government, Donald Trump, Economy, Election 2016, Election 2020, media bias, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA, USMCA. Bookmark the permalink.

116 Responses to MAGAnomic Winning – U.S. Home Sales Stronger Than “Expected” – Stronger Q1 Wage Gains…

  1. Trumpian…Sundancian…Winning!

    Liked by 11 people

    • Pedro Morales says:

      MAGA Bitches!

      Liked by 8 people

      • FrankieZee says:

        Like Rush said today: They (meaning DEMORATS and MSM and RINOS) have thrown everything at Trump except the kitchen sink and nothing has been able to hurt him. That is making them psychotic, and Trump knows it and loves it. Like Trump said today at the presser: I am the CHOSEN ONE and by God he is.

        Liked by 8 people

  2. Ausonius says:

    And I remember the MAObama years, when bad economic news was constant, except it was poo-poohed constantly as signs of improvement, and when the nearly inevitable downward revision occurred months later, it was often a “mystery” which nobody could understand, and therefore irrelevant.

    Pay no attention to the idiot in front of the curtain and talking about the new normal of 0% or negative interest rates and 0%-1% “growth.”

    Liked by 17 people

  3. aisheschayal says:

    Great news! Homes are selling, main street is buying, main street USA- small town America now has store fronts full instead of empty! Jobs a plenty. Loving it, KAG!

    Liked by 12 people

  4. sarasotosfan says:

    The banksters are ripping off this country. Anyone with debt tied to the prime rate is being hosed!. Meanwhile, look at what the banks are paying in interest to savers.

    Liked by 8 people

    • GB Bari says:

      Also look at the obscene rates of interest banks are charging users of credit cards, despite users’ high credit ratings.

      Liked by 7 people

      • With a score above 800, the big banks send me offers of low rate credit cards. Now their idea ol low rates, 17.9%, are laughable. My private bank is 4.9%. It took me a lotta years to realize though that never, ever carry a balance. I don’t care how low the rate is. You’ll never go wrong paying the balance in full every month. I wish they would have taught these lessons in grade school.

        Liked by 4 people

        • GB Bari says:

          Exactly oldcowboy! I get the same “great offers” with a Fico score as high as anyone can get. What in the world are they charging folks with average credit?? It’s usury.


  5. Guyski says:

    …Because the results defy pundit expectation, Reuters has to ignore the strength of Main Street and put the Wall Street spin on the results… TRUE!!!

    Yahoo Finance via Drudge Report headline

    Luxury Homebuilder’s Woes Show Mounting U.S. Slowdown Fears

    You have to get way down in the article before you get to the meat:

    The luxury builder’s biggest challenge may be its concentration in California, where its homes under contract had an average price of $1.74 million in the quarter. CHINESE buyers have pulled back there and the federal tax overhaul limited deductions for property levies and mortgage interest.

    Liked by 8 people

  6. chojun says:

    I follow home values in my area very closely because I consider my home more of an investment than necessarily just a place to live. Home values continue to rise like crazy here and homes aren’t staying on the market very long.

    With that said, I have to imagine there’s a buyer’s market going on in certain areas (Greater Seattle, Silicon valley, etc) due to current Chinese economics. In the late 80’s, early-mid 90’s around the time the Japanese economy was crashing, Japanese real estate owners were dumping their US property at an astounding rate. The Chinese have also invested quite heavily in US real estate and I feel a similar situation as the Japanese one has to be occurring.

    If home values are staying steady or even rising, and home sales are beating expectations despite this strong downward pressure on Chinese ownership, then the US economy is even stronger than the numbers here indicate.

    The US Markets deal in the realm of interest, and capital investment. The US Main Street deals in the realm of regulation and tax rates. By cutting regulation and lowering rates President Trump created an economic climate that can no longer be quantified by DJIA, NASDAQ composite or S&P 500 indices. The markets are going bonkers hedging against the Fed whilst the middle class are roaring in activity.

    Liked by 10 people

    • skipper1961 says:

      Due to the “Medical City” (brand new VA hospital included) within ten miles of my home, my address has DOUBLED in value! Did President Trump have anything to do with it? I’m going w/YES! That along with my $3000.00/yr pay raise (abolition of the individual mandate), compels me to tell as many people who will listen, how much I LOVE our President! (That, and his undeniable LOVE 4 our country!)

      Liked by 13 people

      • GB Bari says:

        There is a double-edged sword in RE property value appreciation. Those who are not trying or ready to sell their homes may be seeing their assessments go up and their taxes as well. Until one sells their home, that can add a heavy burden to their budget, especially for retired folks on fixed income.

        Liked by 1 person

        • skipper1961 says:

          GB Bari,
          I should have been more clear. Yes, I know my property taxes will increase, but (Blessedly) the economy is providing much more expendable income. Hence more concert/theatre tickets. Hence more employment for me and mine. I hope my comment wasn’t insensitive to those less fortunate. Would love to see even lower capital gains taxes, in case I decide to sell. I take consolation in President Trump’s PROMISE to leave pensions, and Soc. Sec. alone, and at least NOT cut them!

          Liked by 2 people

          • GB Bari says:

            Yes it is always helpful to consider the plight of older folks on fixed incomes and who are no longer physically able to work to supplement their income as prices (of everything) and taxes rise. Thanks to MAGAnomics the inflation rate for most things isn’t very high these days, but some markets appear to be pushing up their prices, regardless.

            Liked by 1 person

    • sedge2z says:

      chojun, do you also watch real estate in our middle America and the east coast? How are they doing?

      Liked by 1 person

    • The difference between Japan then and China now is that the Chines may want to come here and claim asylum.

      Liked by 2 people

    • margarite1 says:

      Where is your area? I sure don’t see a buyer’s market in Seattle…yet. I know the Chinese bought up Vancouver BC and they were buying like crazy in Seattle. I go between Portland and Seattle ….Seattle is still a high priced area. LA with trees.

      Liked by 1 person

      • chojun says:

        Greater Salt Lake. I’m hearing that there’s a housing shortage here and so high-density housing is springing up like crazy (apartments, etc). I’ve just been watching local home values in my zipcode.


  7. Your Tour Guide says:

    One idea that comes to mind about spreading the good

    How many years did people hear about a “rising
    stock market” while things got worse and worse?

    All the TV and radio pundits talking about how
    Wall Street was showing record gains, while the
    plant down the road was being boarded up.

    Don’t know about others here, but I let all of
    this go in one ear and out the other. I wasn’t in
    the casino. I didn’t want to be.

    I’m sure that there’s a whole lot of persons
    who’s circumstances are improving. Harness
    that. None of them probably gave a shit about
    Wall Street, particularly when their house was
    being foreclosed on.

    Let them know, regarding Wall Street.

    It didn’t help you then. It won’t hurt you now.

    And, we know that you won’t shed any tears
    if they finally have their turn at sucking it up.

    Our turn is over.

    Liked by 9 people

  8. Marygrace Powers says:


    Liked by 5 people

  9. Don McAro says:

    For fun President trump should raise the deduction for write offs from 10 to 15 grand

    Liked by 5 people

  10. delighteddeplorable says:

    WE wake up to another day of VVVSGTDJT winning, thwarting, trolling, optimism, national pride, smiling all the way.
    THEY wake up to another day of “curses, foiled again,” teeth-gnashing, despair, whining, sniveling, anguish, gloom, doom.
    WE are living the long-awaited dream. Thank you, POTUS and thank you Sundance for bringing it to us. MAGA/KAG

    Liked by 7 people

  11. Bert Darrell says:

    IMHO, there isn’t a single news-wiring company (e.g., AP, AFP, Reuters, Bloomberg, etc.) that isn’t actively participating in pushing the globalism lie. Not one.

    Can’t trust the American enemedia or the European fascist media. The latter has been spreading their anti-American venom for decades, well before the American enemedia enthusiastically joined them.

    A combination of select internet sources and reasonable individual brain power will give anyone who cares a more accurate view of what’s going on in America and the rest of the world.

    As always, America is leading the charge, but it wasn’t so before the betrayals of the Clintons, Bushes and Obama were uncovered for all with opened eyes to see.

    Liked by 10 people

  12. tax2much says:

    In other economic news, it is reported that Frau Merkel was spotted chewing the carpet in anger in her bunker in Berlin.

    Liked by 5 people

  13. Robster says:

    Huh well here are the BLS revisions….501,000 fewer jobs than reported, are you kidding me? Hate to be a downer but this is a huge downward revision.

    Liked by 1 person

    • sundance says:

      It’s a data skew, that reflects several aspects.

      The BLS data compares reported job hires to the number of workers who filed income taxes.

      Over two years, 500k less people have filed income taxes than the hiring companies reported.

      So the question is: Why didn’t those hired people file income taxes?

      There are several aspects to the answer. One of them (a significant one) includes “illegal alien” hires in the construction and hospitality industries (restaurants, hotels etc) [Now go look at the data, and you’ll see those specific industries are the industries where the hires doesn’t match the income tax results].

      It’s not an issue of ‘were those workers hired’?… They were. The issue is ‘why didn’t those workers file income tax returns’?

      That’s the difference between being a pure data analyst, and being a person who understands the real world dynamics behind the data. Hope that helps.

      Liked by 23 people

    • Dennis Leonard says:

      Maybe they are going back to Mexico or if legal moving into better jobs,And by the way that link is a hit piece to cause fear.
      “Fewer jobs were created in restaurants, hotels, retailers and professional business services. Leisure and hospitality employment was reduced by 175,000, business services by 163,000 and retail by 146,400.”

      Liked by 1 person

      • “Fewer CITIZEN jobs were created …”
        … Which is about to CHANGE – Big Time.
        … Imagine those ICE Raids creating Citizen Jobs at 5,000 daily.
        … Then 10,000 daily as the Illegals flee their Sanctuary Cities.
        … Higher-PAYING Jobs. 😎

        Liked by 3 people

    • TheLastDemocrat says:

      Robster: read again.

      The story is not saying “fewer jobs;” it is saying they estimated job growth a while back, and their estimate was off by 501,000.

      IOW: Yet another story where they declare good news is bad news. Why? They are either directed to spin the news, or are making money off of gloom and doom.

      Robster, right now, I am watching to see if a hurricane pops up. We have been fortunate this year, but are approaching the peak of the season.

      I am watching out for hurricanes, and you are watching for The Recession. Every ripple in any statistic will spike your fear again. You will keep clicking on Marketwatch like I am clicking on the Atlantic water temp anomaly map. Except I will be breathing easier once we get to Oct 01, while you will be waiting, breathless, like waiting for the Mueller Report, for 5 more years.

      Liked by 7 people

  14. Elric VIII says:

    Wall Street: “Harumph! Gentlemen! We need to do something to save our phony-baloney jobs! Harumph! (Cue Mitt Romney.)

    Liked by 5 people

  15. Blaze says:

    All three of our local saw mills here in Colville, Wa. are currently hiring right now. First time I have seen this in 25 plus yrs. They also just opened a new high tech glue-lam building owned by one of the saw mills.

    Liked by 16 people

  16. schizoid says:

    Trump is wrong on interest rates though. Interest rates are higher in the US because that’s where the best investment opportunities are. I don’t know where he got the idea that a stronger economy should have lower rates.

    Liked by 1 person

    • Arrest Soros says:

      When banks loan, they look at the risk being taken. Higher risk means higher interest rate. Think of credit card interest rate being much higher than, say, a home loan rate.
      What POTUS is saying is, it is less risky to loan money to US businesses due to the strength of the economy. More risky to loan to EU businesses due to the weakness of their economy.
      In this, POTUS is exactly right (can you imagine how many times he has dealt with banks to understand this better than most?)

      The difference between POTUS stance and that of the Fed is the Fed uses interest rates to “steer” the economy. Hot economy brings fears of inflation, so the Fed tightens to avert inflation.
      Seen as there has been very little inflation, there probably is room for some rate cuts.

      I personally prefer slightly higher rates and a stronger dollar. The strong dollar should help American multi-national businesses to acquire overseas assets cheaply. Higher rates also keep shonky businesses out of the market (theoretically).

      Liked by 1 person

      • I prefer lower rates that multiply entrepreneur start-ups and small-business expansions.

        Foreign Banks can fund the globalist overseas acquisitions.

        Liked by 3 people

      • mnlakes says:

        The higher the rate, the higher our interest payments on the 22 Trillion dollar debt also.

        Liked by 2 people

      • schizoid says:

        Credit risk is a red herring that applies to individual borrowers, not economies as a whole. The US isn’t a company begging for a loan from some magic banker in the sky.

        As an individual borrower you pay the risk-free rate plus a premium based on your
        credit score. If you’re the government you pay the risk-free rate. When comparing
        interest rates between countries we usually look at the risk-free rates.

        The US government can borrow dollars (risk-free) at 2% and the German government can borrow euros (risk-free) at less than 0%. Why the difference? Because the US is borrowing dollars and Germany is borrowing euros.

        If you want to start a business in the US, you need to borrow dollars. Lots of people
        want to do that. If you want to start a buisness in the EU, you need to borrow euros. Not so many people want to do that. So the cost of borrowing dollars is higher.

        Liked by 1 person

  17. H.R. says:

    Sundance writes:

    What you see is the counties where MAGAnomic policy is having the biggest impact, are the specific counties where the worker wage growth is highest. There are several scores of labor markets where year-over-year wage gains exceed 5, 6, 7 percent and higher.

    Those are areas where manufacturers are locating or established manufacturers are expanding or firing up old plants again. People who worked for retail wages or weren’t working at all step up to manufacturing wages. Then of course there are the ancillary businesses that spring up to serve the needs of the manufacturer and the employees (with money in their pockets!).

    People who make things have money to buy the things other people make. You can’t have a viable economy where everyone gives every one else a haircut or is employed by government to regulate the haircuts everyone is giving.

    Adam Smith had it right**; mining, manufacturing, and agriculture are the sources of wealth. That’s what made America great. Most people know this. President Trump is the only one in Washington trying to make it happen on America.

    **Not gonna argue economic subtleties or terms here. At the macro level, Smith pretty much covered it. Five economists in a room will produce 11 different analyses based on their eight favorite economic theories ;o)

    Liked by 8 people

    • TheLastDemocrat says:

      Smith was right. Land, labor, capital, and entrepreneurship.

      We cannot all be serving each other lattes.

      However, we also need: good government that will aide in enforcing property ownership and back up legal contracts.

      A deed or contract is just a piece of paper without a government backing up the concepts of property and contracts.

      Liked by 2 people

    • Notice the stone cold silence over having automation put people out of work
      … when we’ve got a MILLION more job openings than job seekers
      … PLUS the job opening TSUNAMI that ICE is about to crank up!

      Liked by 3 people

  18. skipper1961 says:

    My video wall again!!! (Thanks Sundance) I can’t wait to install the next one @ RNC in Charlotte!!!!!
    Even my “union friends” are having a REALLY hard time arguing about the economy. Construction (even the brand new expansion to our newest (union) local theatre) is showing NO signs of slowing down here in Orlando, and none (slowing) is expected. Wait until they (my local union Brothers and Sisters) get a load of my diatribe regarding Richard Trumka!! Pictures @ 11:00! (kidding)

    Liked by 7 people

  19. Sunshine says:

    More WINNING here: BlueScope invests $1 BILLION in the US amid concerns of Australian energy prices

    Steelmaking giant BlueScope is investing in a $1 billion expansion in the United States, with energy costs one-third of those in Australia.

    They have announced a huge expansion to a key mill in the United States which has the benefit of lower energy costs.

    BlueScope CEO Mark Vassella tells Ross Greenwood he is concerned about the impact of energy prices.

    “We still face energy costs in this country that are too high.

    “The energy costs for our investment in North America are about a third of what we would pay in Australia.

    “We’ve got to have a situation where there is more suppliers of energy in Australia.”


    Liked by 11 people

  20. namberak says:

    “The U.S. Main Street housing market is very strong.” I’ll say! I realize anecdotal evidence isn’t really evidence at all but from personal experience I can say, it’s incredibly strong here in the Hoosier heartland. My wife and I moved into a new home in a relatively new development in June of last year. We discovered at year end that there had been 112 houses in it at YE17 and there were 208 at YE18 and I can tell you, it hasn’t slowed down around here at all. You about have to see it to appreciate it. It’s going gangbusters!

    Liked by 3 people

    • Zippy says:

      “The U.S. Main Street housing market is very strong.”

      Echos of 2006/7.

      There are MASSIVE bubbles in home prices. THAT is one of the places that the easy money (artificially low interest rates) inflation is showing up that the CPI is not properly tracking for reasons I have detailed here before.

      The Most Splendid Housing Bubbles in America, July Update: Year-Over-Year Declines Spread to Seattle – Jul 30, 2019

      Fuel for the Next Mortgage Bust?
      Aug 14, 2019

      Cash-out refi hype is back full-blast. And for the first time since early 2006, people are doing it in large numbers.

      Liked by 1 person

      • H.R. says:

        There are some differences between the current housing market and 2008, Zippy.

        I believe the banks are no longer forced to make ‘Liars Loans’ to people who had no hope or intention of paying off the loan as was happening in 2008. There shouldn’t be a flood of foreclosed homes looming because people have jobs and can meet the mortgage.

        Builders are also building to order, and barely keeping supply up with demand. I don’t see the overshoot of supply like there was in 2008 as builders put up an over-supply of homes on spec while demand was dropping.

        Then there were bundled mortgages that were *ahem* misrepresented. When they tanked, it dried up mortgage funds abruptly as lenders were left holding the bag.

        I do agree with you, Zippy, that all housing booms come to an end, but the housing balloon can deflate slowly… or burst.

        This current building boom cycle does not have to pop. It will depend on the developers and builders holding off on building spec homes, lenders lending only to qualified buyers, and people staying employed.

        The spectacular bust of 2008 is still recent enough for the builders, lenders, and buyers to remember what happened so there’s a good chance this building cycle will wind down slowly.

        For now, legitimate pent-up demand is greater than supply. That won’t be true forever, so we’ll just have to wait and see how this boom ends; whimper or bang?

        Liked by 2 people

  21. Zippy says:

    Fed Minutes Hint At Coming QE
    21 Aug 2019

    Ignore all the hoopla about the “mid-cycle adjustment” being the dominant theme in the July 30-31 FOMC minutes, and focus on what matters: the coming QE.

    In the minutes, which had no less than six mentions of “asset purchases”, i. e QE, the Fed made it clear that with the S&P not even 5% below all time highs, the FOMC was already contemplating the next round of QE, with “several participants” lamenting that the Fed had not bought up even more Treasurys and MBS (and who knows, maybe stocks) because, get this, QE had not resulted in hyperinflation (yet). No, really:

    “In particular, a number of participants commented that, as many of the potential costs of the Committee’s asset purchases had failed to materialize, the Federal Reserve might have been able to make use of balance sheet tools even more aggressively over the past decade in providing appropriate levels of accommodation. However, several participants remarked that considerable uncertainties remained about the costs and efficacy of asset purchases, and a couple of participants suggested that, taking account of the uncertainties and the perceived constraints facing policymakers in the years following the recession, the Committee’s decisions on the amount of policy accommodation to provide through asset purchases had been appropriate.”

    But if that statement is simply ridiculous, the next one will result in a scene right out of Scanners. According to the minutes, an unknown number of participants thought that just because they had already conducted QE, they are now experts, and any future cases of QE will be a walk in the park:

    “In their discussion of policy tools, participants noted that the experience acquired by the Committee with the use of forward guidance and asset purchases has led to an improved understanding of how these tools operate; as a result, the Committee could proceed more confidently and preemptively in using these tools in the future if economic circumstances warranted.”

    Why would the Fed pivot toward QE? Because everyone else is doing it of course:

    “Expectations for near-term domestic policy easing had occurred against the backdrop of a global shift toward more accommodative monetary policy. Several central banks had eased policy over the past month and a number of others shifted to an easing bias. Market participants were particularly attentive to a statement after the European Central Bank’s Governing Council meeting that was perceived as affirming expectations for further easing and additional asset purchases. These changes to the policy outlook in the United States and across a number of countries appeared to play an important role in supporting financial conditions and offsetting some of the drag on growth from trade tensions and other risks.”

    And if that wasn’t scary enough, in the same document there were no less than 15 mentions of ELB (i.e., effective lower bound), which as Fed watchers know, is a code name for NIRP. In other words, Trump should keep up his high-pressure campaign on Powell: it appears to be working.


    It WASN’T just Greenspan, it’s the fundamental modus operandi of the organization:

    Liked by 1 person

  22. Nigella says:

    But, but, Trump insulted Denmark!.. The media

    Liked by 2 people

  23. Fata Morgana says:

    “The difference between stupidity and genius is that genius has its limits.” – Albert Einstein

    Liked by 3 people

  24. Dennis Leonard says:

    And again,

    Charles V Payne
    ‏Verified account @cvpayne
    8h8 hours ago

    More Signs of Recession?

    Target (TGT) Monster Financial Results
    all-time record earning
    best two year comp sales in more than decade
    raises full year guidance

    Lowe’s (LOW) Crushes It
    revenue, earnings and comp sales beat Wall Street
    operating margins surge
    strong comp guidance”

    Liked by 6 people

  25. Schmitty says:

    Trump is brilliant, but all my sine wave models place a stock market low in June 2021.

    Feb 2016=0
    Dec 2018=25
    Jun 2021=50 (Bottom)

    Liked by 1 person

  26. mikeyboo says:

    Main Street cheers!!!
    Swamp in tears!!!

    Liked by 7 people

  27. DanJ1 says:

    Germany is offering negative interest rates of -0.7%. The Economist published a list recently but I don’t have the link. All of the other stable economies in Europe are negative as well, including the likes of Sweden and Switzerland. Money is flooding into the U.S. as everyone is gobbling up the US$. Trump is spot on although Politifact is probably fact checking it with Pinocchio’s.

    Liked by 3 people

  28. Ghost says:

    Observations from a smaller limb.

    Mortgage applications for new home purchases increased 31.2% YoY for July.
    New homes mortgages rose 16% according to Mortgage Bankers association Builder application survey.

    Delinquency rates remain near 10 year lows.
    30 day ,, 2.62%
    60 day .. 0.81%
    90 day ,, 1.1%


    National Association of home Builders Market index for newly built single family homes up 1 point from last month’s release to stand at 66

    HMI index + 2 to 73


    Liked by 4 people

  29. Obama was wrong. PDJT isn’t waving a wand to bring jobs back; he’s waving a huge LIGHT SABER!

    Liked by 6 people

  30. ristvan says:

    My daughter’s husband is in brownfield real estate redevelopment in Denver. They moved out there two years ago for him to open his Boston company’s new Denver branch. They have been renting in a great Evergreen location while looking. They finally made an offer at list and were overbid last month. They are downsizing to buy a nearby 2br needing updating because prices are so high, although there are emerging signs of softening. He thinks the Denver housing bubble will pop in a couple of years and is in a position to know. The plan is to put sweat equity into the 2br, wait for the house price bubble to burst, then buy their permanent 3-4br home at maybe 1/3 less than the offer that was overbid. With rental income from the 2br, they will be much better off financially and will have built wealth.

    Liked by 2 people

  31. Do stop thinking about tomorrow says:

    If you had watched Drudge the Country is heading full speed to economic collapse. We wish I understood his agenda. During 16 he seem for Trump.

    Liked by 1 person

    • GB Bari says:

      IMO, Drudge must have decided in 2016 election that he is (a) anti-Trump, and (b) he makes more money by linking to MSM / DemoncRAT narrative-carrying sources, instead of linking to honest reporting from independent sources where high quality investigative journalism and the TRUTH thrives.


  32. scrap1ron says:

    How you like them crumbs, Nancy?

    Liked by 4 people

  33. Perot Conservative says:

    I posted on the daily Presidential thread the CEO of BofA noting how 80-90% of investment dollars are flooding into the US.

    Two major retailers, inc. Target, posting great numbers.

    Liked by 1 person

  34. GB Bari says:

    Brisk home sales generate a significant amount of secondary economic activity in most areas.
    The “Velocity of money” axiom applies very much to all of this expanded activity. Increasing jobs at better wages multiplies the consumer *and* B2B activity across both goods and service sectors. It’s a win-win-win.

    Liked by 1 person

    • As Trump adds Factory Engines and Worker Cars to the MAGAnomics Train, the Fed is
      • Rerouting it from the Trump Tunnel to Mountain Pass with high Funds Rates
      • Closing the Refueling Stations with Quantitative Tightening


      • GB Bari says:

        Turns out the Fed isn’t so independent after all. Just another corrupt tool of the Globalists. Jay Powell likely has his golden parachute guaranteed.

        Liked by 1 person

  35. I was wondering about Target; figured their stock must be booming because every time I go into that store it is packed with shoppers…and I mean people filling carts with stuff. One thing I can say is that they are selling stuff because they actually have shelves full of stuff unlike many stores today where inventory seems very low…nothing to buy.

    It is unfortunately one of those politically correct businesses…too bad, but they do have neat stuff to buy for reasonable prices. I bought a set of 100% cotton organic sheets, guaranteed no chemicals, 350 thread count on sale for an outstanding price. And they are really really good quality and I love sleeping on them!

    Liked by 1 person

  36. Big Jake says:

    There will be no USMCA so long as Pelosi is in charge of the House.

    Liked by 1 person

  37. Magabear says:

    Sad that even someone like SRN news reports fake news that PDJT decided to not cut payroll taxes to spur the economy. When did PDJT even float that idea? He didn’t, it was fake news WaPo who conjured up that fable.

    As PDJT said, there are smart people, dumb people and political people. Sometimes hard to decide which is which. 😒

    Liked by 1 person

    • PRESIDENT TRUMP: “Well, I’m not talking about — I’m not talking about doing anything at this moment. But indexing is something that a lot of people have liked for a long time. And it’s something that would be very easy to do. And a lot of people have been talking about indexing for many years, and it’s something that I am certainly thinking about.

      I can say that a majority of the people in the White House, at the level that does this kind of thing, they like indexing. So it is something I’m thinking about.

      Payroll taxes — I’ve been thinking about payroll taxes for a long time. Whether or not we do it now or not is — it’s not being done because of recession, because we are — legitimately, if we had a cut in interest rates by the Fed — if they would do their job properly, and if they would do a meaningful cut, because they raise too fast, you would see growth like you’ve not seen ever in this country.”

      Liked by 1 person

  38. J says:

    Im a home builder in SE Michigan. I can tell you for fact that home sales are huge. I build a spec and before its built its sold. I cant find enough trades to keep up with the pre-approved mortgages. I have a large backlog. The price per foot continues a steady rise.

    Take a look at Pulte homes on the nasdaq. Thier stock has doubled since PDJT. A pretty good indicator of the strength of home sales.

    Liked by 6 people

  39. Benedict Comey says:

    refreshing that economic numbers aren’t “unexpectedly” revised downward every month for 8 years…

    Liked by 1 person

  40. dufrst says:

    Sundance, I will say as much as Trump does not like the strong dollar, it actually reinforces the strength of the US consumer. It will drive down the price of key commodities such as oil and it will help domestic companies in their purchases of raw materials for the US market.

    It’s stunning and unprecedented I believe to achieve a strong dollar while interest are going down! This is because Europe and Japan have gone to negative interest rates in order to devalue their currencies to aid their ailing export economies.

    Combine the strong dollar, low interest rates, with higher wages due to the job growth produced from Trump’s tax and regulation cuts, not to mention his favorable American energy dominance agenda, along with his defense build up, and the US consumer is perhaps in the strongest position they have been in since the late 1990s.

    The only thing remaining to happen is the trade deals coming in to super charge this economy to heights not seen since the roaring 1920s (interesting that we’re moving into the 2020s). Trump has been an economic maestro and instead of recession, we will see a very healthy expansion going into 2020, all because of the unprecedented strength of the American consumer!

    I expect the America consumer to bail out the rest of the world and I can see a global recovery sometime next year that will further sustain US economic growth.

    Liked by 2 people

  41. John says:

    Not that I believe the fake news about a recession but what is going on with steel industry?
    U.S Steel is laying off 600 hundred people. And today Wertion Wv tin mill laying off 100. All because of prices dropping did China find a new loophole?

    Liked by 1 person

  42. Say Whatt?? says:

    I love the way all of my favorite news sources are linking to each other so closely, #KAG. I cant thank all of the independent researchers, journalists, and news sites enough! Just discovered whatfinger and sure enough a CTH link to this article. Trump economic team winning again, I’m just as shocked as everyone! lmao

    Liked by 1 person

  43. Danimal28 says:

    Sundance – Further confirmation of low consumer inflation due to tariffs that you and Wilburine have been talking about. I can further confirm that in the durable goods industry where I design USA products that are heavily comprised of steel and aluminum. Have a wonderful day!|twitter&par=sharebar

    Liked by 1 person

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