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Jumpin' Ju-Ju Bones: ADP September Payrolls Grew by 230,000 in September….

Hold on to your MAGA caps there’s a winner wonderland ahead.  According to the latest ADP private payroll release today, private sector payrolls grew by a stunning 230,000 jobs in September. [They were anticipating 185k]  Massive jobs gains amid small, medium and large sized companies (report here).
This comes on the heels of the latest stats on paychecks which show *average* wage gains around 2.6% over last year.  Key word “average“.  There are multiple job sectors with wage increases of four to seven percent; well above the rate of consumer price inflation.

(Via CNBC) Job growth surged in September to its highest level in seven months as the economy put up another show of strength, according to a report Wednesday from ADP and Moody’s Analytics.
Private companies added 230,000 more positions for the month, the best level since the 241,000 jobs added in February and well ahead of the 168,000 jobs added in August.

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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.

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U.S.Trade Representative Robert Lighthizer: It is Unlikely U.S and Canada Will Reach Trade Agreement…

There has been a great deal of background activity in the past 72 hours surrounding the U.S. and Canada trade negotiations.  However, some of that activity has become more brutally obvious; a deal is not likely to happen.
Against growing visibility the Canadian team of Justin Trudeau and Chrystia Freeland were intent on using opposition to Trump for maximum domestic gain, President Trump declined a bilateral meeting with Justin from Canada at the U.N. General Assembly; and today U.S. Trade Representative Robert Lighthizer told a group an agreement was unlikely.
Additionally, in a video taken today during the U.N. luncheon it is clear President Trump has no time for the political schemes of Justin Trudeau. The moment happens at 02:45 of the video below:


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It is difficult to see from the video above, however in the camera angles below it is much more transparent.
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Trade Discussion – Canada: "No Deal Better than Bad Deal"…

Foreign Minister Chrystia from Canada is in Washington DC today meeting with U.S. Trade Representative Robert Lighthizer.  There are conflicting reports as to the possibility of a trade deal being reached.  Canada is heavily relying on internal pressure from the U.S. Chamber of Commerce lobbying group to sway/leverage the negotiation in their favor.

From the Canadian negotiation position every syllable and syntax is viewed through the prism of politics.  From comments amid all the Canadian participants and interests, they view President Trump as the only adversarial U.S. entity in the bilateral discussion. As a consequence of this outlook, all Canadian leverage efforts are targeted toward political opposition of President Trump; with assistance from a U.S. congress that has been purchased by Wall Street lobbyists to align with Canada against U.S. interests.
Peel all the layers away and ultimately this is the political position from which Canada is negotiating.  All-in-All, the most likely outcome is NO DEAL.
In order for Canada to accept or join, via a NAFTA 2202 modification, they would need to agree to the U.S-Mexico modification terms. For Canada they would have to:
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President Trump Hosts Meeting of National Council for the American Worker…

Earlier today President Trump hosted a meeting with the key administration officials executing the workforce initiatives programs.  The programs include expanded vocational training, private-public partnerships for education, and expanded investment in skills training for a modern American workforce.
The National Council for the American Worker is the executive agency tasked with execution of the policies and working with various state and local officials to help increase the skills training for U.S. workers.  With a MAGAnomic expanding economy; and with all of the subsequent jobs growth; and with a revitalization of U.S. manufacturing; the workforce initiatives are keys to sustaining successful growth for American workers.


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Despite Dire Forecasts Consumer Prices Reflect Low Inflation Even With Tariffs…

The MAGAnomic Tri-fecta: Jobs growing; wages growing; inflation stable.
When President Trump and Commerce Secretary Wilbur Ross announced tariffs on Steel and Aluminum, in combination with Round #1 tariffs on imported Chinese products, the Wall Street financial media went bananas with dire predictions of inflation.
Today the Bureau of Labor and Statistics (BLS) released the August measure of inflation in consumer goods.  Despite the doom-and-gloom predictions from the self-interested multinationals, the inflation rate is a low 0.2% the same result as July. Core inflation, which excludes volatile energy and food components, increased 0.1%.

As John Carney notes:

[…]  “Compared with a year ago, prices were up 2.7 percent, lower than the 2.9 percent gain in July and June. Core inflation was up 2.2 percent from a year earlier, down from 2.4 percent in July. This means the pace of inflation has slowed.”

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Pragmatic Canadians Discuss Justin and Chrystia's Intentional Strategy to Scuttle any U.S-Mexico Trade Deal…

A column written by journalist John Ivison yesterday reflected how Justin and Chrystia from Canada appeared to be intentionally politicizing their trade negotiations in an effort to gain favor from domestic left-wing supporters.  In essence, Justin made a decision to advance his political interests even if it means destroying the Canadian economy.
Providing a stark example as evidence toward that motive Ivison wrote: “How else to explain [Freeland’s] appearance at Monday’s Women in the World summit in Toronto, on a panel entitled Taking on the Tyrant?”  Today Ezra Levant and Manny Montenegrino discuss the exact same example:


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A Pragmatic Canadian Conservative Discusses Trade Conflict and Justin's "Cultural Industries"…

Justin from Canada has drawn a line-in-the-sand during negotiations toward a U.S-Canada trade agreement. Justin has stated that any market negotiations must necessarily exclude the “Candian Cultural Industries”; those industries cover telecommunications and media. Justin will not allow any media competition within Canada.
On the Ezra Levant Show he is joined in a pragmatic discussion with Frank H. Buckley, Foundation Professor at the Antonin Scalia Law School, George Mason University, to discuss a recent appearance on the Canadian Broadcast Channel where he criticized the Liberals’ incompetence during the NAFTA negotiations.


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Ezra Levant Contemplates Justin From Canada Intentionally Sabotaging U.S-Canada Trade Deal…

Ezra Levant from Rebel Media outlines even more evidence of Justin from Canada taking specific steps to intentionally sabotage the Canadian economy.  A few days ago Mr. Levant posited some interesting considerations:  If Justin were NOT intentionally trying to bring hardship to Canadians, what would he be doing differently?


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After this broadcast the employment report from the Canadian government was published.  The economy lost 52,000 jobs in August alone.  Read THIS to see just one example of Justin destroying 8,000 Canadian jobs in a 24 hour period:  “Eight thousand jobs disappeared this morning, and one of them was mine.” MORE
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Canadian Economy Loses 51,600 Jobs in August – Biggest Drop in Decade…

The U.S. economy added 201,000 jobs in August. The U.S. unemployment rate is 3.9%.  And year-over-year U.S. wage growth jumped to 2.9%. [Bureau of Labor and Statistics Link]

Meanwhile, the Canadian economy dropped 51,600 jobs in August.  The unemployment rate increased to 6%. And year-over-year wage growth dropped to 2.6%.

CANADA – The net loss in August — which was the second largest monthly decline since the last recession — drove the unemployment rate to 6 per cent, from 5.8 per cent a month earlier, while wage gains decelerated to their slowest this year.
Economists had expected a gain of 5,000 jobs and an unemployment rate of 5.9 per cent, according to the median estimate in a Bloomberg survey.  So far in 2018, the Canadian economy has shed 14,600 jobs. (read more)

In the media analysis Bloomberg talks down the strength of the U.S. economy, and tries to dismiss the scale of the economic growth in America.  Simultaneously, the same Bloomberg media outlet calls the Canadian results “whacky” and “unexpected” and makes excuses for the miserable economic results.  Huh, imagine that.
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