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NAFTA Round Six Continues – Canada and Mexico Hope To Manipulate Their Way To Round Seven…

Round six of NAFTA renegotiation talks continue today as Canada and Mexico claim cautious optimism that a round seven will take place.  This round of talks is scheduled to continue through Monday and end with a much anticipated a joint press conference between Ildefonso Guajardo (Mex), Chrystia Freeland (Can) and U.S. Trade Rep. Robert Lighthizer.   There were seven rounds initially scheduled.
Canada and Mexico are trying to close less important, and less controversial, trade chapters in an effort to give the illusion of progress and frame a political narrative that lends itself toward continuing to talk; ie. round seven.
However, if there’s no significant progress on the larger issues it’s doubtful Lighthizer will find value in endless words that amount to nothing.
Canada and Mexico have been lobbying U.S. politicians hard to retain their parasitic trade positions.  Additionally, a significant number of Washington DC politicians are willing to take massive bribes from the U.S. Chamber of Commerce lobbyists and support the export of American economic jobs and wealth.   This is another key UniParty indulgence issue.
Big Corporate Agriculture (Big AG), the consortium of massive multinational agriculture companies who hold stakes in the entire continent, are pushing hard to keep their “controlled market” dominance in place, and is attempting to stoke fears using false claims about farms and negative trade impacts to farmers.  Pure nonsense.
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Secretary Rex Tillerson Joint Presser With Polish Foreign Minister Jacek Czaputowicz…

When President Trump left the Davos economic forum, Secretary T-Rex traveled to Poland for a bilateral meeting with Polish Foreign Minister Jacek Czaputowicz.  Many readers are aware how the U.S. and Poland have formed a very strong bond, a very strategic alliance, since the Trump administration took office.
Last year President Trump visited Warsaw to solidify a geopolitical relationship based on common interests and a desire to help Poland push back against Russian leverage based on energy dependence. Poland is a key strategic ally for the Trump administration, and more importantly a trusted ally; arguably more so than the U.K.
T-Rex held a joint press conference with his Polish counterpart Foreign Minister Jacek Czaputowicz. Video:


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After the visit to Poland, T-Rex flew to London (there now) for the opening of the new U.S. Embassy.  While in the U.K. T-Rex will be meeting with Boris Johnson to discuss mutual interests and continue trying to determine if the U.K. is a willing trade partner.
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Did Bureau of Economic Analysis Sandbag Report on 4th Qtr U.S. GDP ?….

The U.S. Fourth Quarter GDP growth was reported two days ago at 2.6% and that stunned everyone who were expecting a much higher number. All U.S. economic indicators including U.S. Holiday consumer spending, which accounts for around two-thirds of total GDP, were off the charts in the fourth quarter growing +5.5% over the prior holiday.
The total growth in fourth quarter consumer spending was almost four percent (3.8%), that’s the highest rate of consumer spending in well over two years.  Q4 investment in new housing increased 11.6%, business spending on equipment surged 11.4% and outlays on structures edged up 1.4%.
Before the BEA (Bureau of Economic Analysis) announcement, everyone predicted 4th quarter GDP growth would easily be over 3%, and most likely in the 3.5 to 4.0% range.
So what gives.  Why did the Q4 GDP only grow at 2.6% ?

It seems a little funny to be griping about 2.6% growth because, well, that’s really good, Bigly even; so hopefully those within the Commerce Department don’t take this review personally.  But, c’mon, we expected more…  Well, the answer to the question is actually in the first few paragraphs of their release, and later in the deep weeds of the data.  I’ll explain.
First, the part of the announcement to note carefully:

[…] The Bureau emphasized that the fourth-quarter advance estimate released today is based on source data that are incomplete or subject to further revisionby the source agency (see “Source Data for the Advance Estimate” on page 3). The “second” estimate for the fourth quarter, based on more complete data, will be released on February 28, 2018.

The “source data for the advance estimate” is another set of separate analytical disclaimers (pdf here) which informs users there are economic data-sets that contain ‘less than‘ three months of information.  To see what data is missing, and what “assumptions” the BEA  recommends, you to travel to a third level of depth (LINK HERE), and then to the key source data and BEA assumptions (excel spreadsheet here).
Don’t try this at home without a pocket protector and guidebook to the fourth level of Dantes inferno. So let me try to make this easy.
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"Obstruction of Justice" – Special Agent Strzok Text Message Highlights FBI Investigative Intent…

Since Thursday night we’ve been combing the FBI files to figure out exactly what FBI Agent Peter Strzok was referencing in one of the most recently released text messages.  We have discovered the context and the text is now damning.
House Judiciary Chairman Bob Goodlatte read this specific text message on Thursday night during an interview with Sean Hannity:

At first, the context behind the September 10th, 2016, message was elusive, however it is now clear.
On September 2nd, 2016, during the (pre-election) apex of the FBI providing the documents behind their investigation into Hillary Clinton’s use of her personal email, and the subsequent decision by FBI Director James Comey not to pursue criminal charges therein, the FBI released their investigative files:
September 2nd, 2016 FBI Press Release:

“Today the FBI is releasing a summary of former Secretary of State Hillary Clinton’s July 2, 2016 interview with the FBI concerning allegations that classified information was improperly stored or transmitted on a personal e-mail server she used during her tenure. We also are releasing a factual summary of the FBI’s investigation into this matter.
We are making these materials available to the public in the interest of transparency and in response to numerous Freedom of Information Act (FOIA) requests. Appropriate redactions have been made for classified information or other material exempt from disclosure under FOIA. Additional information related to this investigation that the FBI releases in the future will be placed on The Vault, the FBI’s electronic FOIA library.” (link)

The FBI was under pressure to release their investigative documents.  On Sept 2nd, 2016 the release included the FBI investigative notes (FD-302’s) from the questions and answers during Hillary Clinton’s interview.  This investigative release was big news at the time.
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On Notice – Senator Chuck Grassley Sends Letters Requesting Information…

WASHINGTON – As part of their ongoing oversight efforts to ensure that the FBI’s law enforcement activities are free of improper political influence, Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) and Judiciary Subcommittee on Crime and Terrorism Chairman Lindsey Graham (R-S.C.) yesterday sent six letters seeking information and documents regarding Christopher Steele’s work on behalf of the Democratic National Committee and Hillary for America.

The letters seek information and documents relating to those political organizations’ knowledge of and involvement in Mr. Steele’s work and his reported interactions with the FBI while he was working on behalf of these political organizations.

The letters were sent to:

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Congressman Matt Gaetz Discusses: "A Criminal Conspiracy"…

Well, well, well…. that’s a shift in language.  Congressional Rep Matt Gaetz: “I believe there’s been a criminal conspiracy”…  This specific language elevates the current political dynamic toward an exponential level of risk for those within the “conspiracy”.


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18 U.S. Code § 241 – Conspiracy against rights: If two or more persons conspire to injure, oppress, threaten, or intimidate any person in any State, Territory, Commonwealth, Possession, or District in the free exercise or enjoyment of any right or privilege secured to him by the Constitution or laws of the United States, or because of his having so exercised the same; or
If two or more persons go in disguise on the highway, or on the premises of another, with intent to prevent or hinder his free exercise or enjoyment of any right or privilege so secured — They shall be fined under this title or imprisoned not more than ten years, or both. (link)
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More MAGAnomic Winning – FedEx Will Contribute $3.2 Billion to Wage, Pension Benefits, and Capital Investment…

A billion dollars is a thousand millions.   Today, as a direct result of President Trump’s MAGAnomic tax reform, Federal Express has announced they will invest an additional $3.2 BILLION in employee pay raises, bonuses and pension contributions.
Wow.

(Reuters) – Package delivery company FedEx Corp said on Friday it will spend more than $3.2 billion on wage increases, bonuses, pension funding and capital investment, taking advantage of the U.S. tax overhaul signed into law in December.
The Memphis, Tennessee-based company said it would invest $1.5 billion to significantly expand its hub in Indianapolis over the next seven years and modernize and enlarge its Memphis SuperHub.

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President Trump CNBC Interview During World Economic Forum…

Earlier today, prior to his speech in Davos, Switzerland, President Trump sat down for an interview with Joe Kernen to discuss the America-First economic policy.


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Questioning Assumptions – Revelations of Key FBI Officials Leaking To WaPo Should Cause Review of Underlying Media Narratives…

With the latest information revealing that FBI Agent Peter Strzok and DOJ/FBI Attorney Lisa Page were specifically leaking to their media sources to shape the underlying story of their political efforts, everything presented by the recipients of those leaks should now be questioned.
Page and Strzok were the “sources” for stories written by Devlin Barrett of the Washington Post.
As such, obviously the network of Page and Strzok’s professional colleagues, would also be considered part of a grouping of people who would benefit from specific leaks intended to shape the stories.
One of those initial stories was a December 2nd, 2017,  WaPo outline describing Page and Strzok against the backdrop of the DOJ Inspector General Horowitz investigation.
The Washington Post presented the story of Lisa Page and Peter Strzok having an affair to the world.
That presentation became the underlying assumption for all reporting that followed (despite the lack of supporting evidence).  That WaPo story (narrative), “The affair” was written by Devlin Barrett, who we now know was in direct contact with Page and Strzok.
As with all new information, all assumptions –driven by that WaPo original story– should be carefully reconsidered.
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President Trump Davos Speech During World Economic Forum…

Earlier today President Trump delivered a speech at the World Economic Forum in Davos, Switzerland. (Video and Transcript below)


[Transcript] 2:02 P.M. – PRESIDENT TRUMP: Thank you, Klaus, very much. It’s a privilege to be here at this forum where leaders in business, science, art, diplomacy, and world affairs have gathered for many, many years to discuss how we can advance prosperity, security, and peace.
I’m here today to represent the interests of the American people and to affirm America’s friendship and partnership in building a better world.
Like all nations represented at this great forum, America hopes for a future in which everyone can prosper, and every child can grow up free from violence, poverty, and fear.
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