Director of the National Economic Council, Larry Kudlow, discusses the booming U.S. economy, the future outlook and why he supports the USMCA deal.
A tale of two contrasting sets of economic priorities. The U.S. economy continues to outpace all economic forecasts. Recently U.S. retail sales, wage growth and housing starts have exceeded all expectations. Tomorrows announced U.S. GDP growth is positioned to exceed all previous doomsayer predictions from the professional financial back-bench.
However, the economic results in Canada are going in the opposite direction. The Bank of Canada cut their GDP forecast from 1.7% to 1.2% today. A forecast drop of half a percent is a massive drop considering the prior rate of growth was meager at best.
Two full years into the advancement of America-First priorities, the international community is now admitting they can only find growth and value in U.S. investments.
(Via Reuters) […] The [Canadian] central bank now expects economic growth in the first half of 2019 to be lower than anticipated in January, when it released its last monetary policy report, due to a slowdown in Canada’s oil sector, the negative impact of global trade policies and a weaker-than-expected housing sector.
A massive defeat for the left-wing loons in Alberta Canada now means half the Canadian provinces are aligned against Justin’s rainbow-socks coalition and disastrous climate agenda. Apparently having a common sense approach now means ‘right-of-center‘.
CALGARY, Alberta (Reuters) – A right-of-center party swept to power in Canada’s main oil-producing province of Alberta on Tuesday and attacked Prime Minister Justin Trudeau’s efforts to fight climate change, raising tension just months ahead of a federal election.
Global economics, and the way the financial media spin, can be funny at times. On one hand the pretentious global community scoffs at American Exceptionalism and claims the U.S. is only one country amid a international community of equals; on the other hand the reality of the U.S. being the leading economy in the world, and their need to retain access therein, slaps them in the face like a cold fish…
Investment capital flows to the location of highest return. Amid the U.S. MAGAnomic growth; global investment is inbound to the USA. The EU and Asia are in a period of low to stagnant growth… lots of high-brow teeth gnashing. To make matters worse, Trump is leveraging their weakness against them as he renegotiates reciprocal trade deals.
The G20 IMF and World Bank’s 2019 Annual Spring Meetings of finance ministers (fancy name to describe Mnuchin’s job) is taking place in Washington DC. The finance ministers are stomping their feet at horrible Trump hoarding all the economic growth.
(Reuters) […] Policymakers from the Group of 20 industrialized countries are worried that the weakness evident in key economies could spread, especially if elevated trade tensions, such as those between the United States and China, escalate further.
Put this into the geopolitical file labeled: “Things that make other things make sense”… You only need to watch the first minute and fifteen-seconds of this announcement to see the bigger BIG picture. WATCH:
[Transcript Snippet] … “This is the first time that the United States has designated a part of another government as an FTO. We’re doing because the Iranian regime’s use of terrorism as a tool of statecraft makes it fundamentally different from any other government. This historic step will deprive the world’s leading state sponsor of terror the financial means to spread misery and death around the world.”
Two months ago President Trump nominated Undersecretary of Treasury David Malpass to the position of World Bank President. Today the executive directors voted unanimously to select Mr. Malpass.
WASHINGTON, April 5, 2019 – The Executive Directors of the World Bank today unanimously selected David R. Malpass as President of the World Bank Group for a five-year term beginning on Tuesday, April 9, 2019. The Board expressed its deep gratitude to Interim President Kristalina Georgievafor her dedication and leadership in recent months. (see more)
As President Trump’s World Bank nominee Mr. Malpass appeared on Fox News with Trish Reagan to discusses his vision for the international financial institution. Below:
(more…)
Today is NATO day; the 70th anniversary of NATO formation. President Trump hosts an oval office open-press meeting with NATO Secretary General Jens Stoltenberg prior to their bilateral meeting. The President takes multiple questions from the media about a variety of issues. [Video Below – 
– Transcript Added]
Steve Bannon appears on CNBC to discuss the economic objectives of China and how President Trump and USTR Lighthizer are confronting three very important convergences.
Bannon does a good job outlining the three Chinese priorities: ¹One-belt, one road; ²Made in China 2025; and ³Huawei 5G rollout; and how those efforts conflict with U.S. interests.
Shortly before the president signed an executive order on affirming first amendment rights on college campuses yesterday, President Trump sat down for an extensive interview with Maria Bartiromo.
The interview covers a wide range of topics with a primary focus on the U.S. economy, ongoing trade discussions and issues that impact the U.S. workforce. One of the granular issues that surfaces is a subject we discuss frequently, the value of the ‘chicken tax‘; the 25% tariff on imported trucks and SUV’s. WATCH:
A crazed Senegalese migrant kidnapped a bus loaded with 51 middle-school-aged students near Milan Italy. The suspect attempted to burn the bus with the students inside, but fortunately police were able to rescue the children as the fire started.
One of the children was able to hide their cell phone and call for help. An alarming story and rescue that was caught on video by a passing motorist.
(Via Daily Mail) A Senegalese man abducted 51 children when he hijacked an Italian school bus and set the vehicle alight in a protest over migrant deaths in the Mediterranean.
Ousseynou Sy, originally Senegalese but with Italian citizenship, stopped the bus he was driving, with two classes of high school students on board.