Council of Economic Advisor Chairman Kevin Hassett appears with Lou Dobbs to discuss the current state of the U.S. economy. Hassett compares current outcomes to the prior congressional budget office predictions; and shares the results for middle-class growth.
National Economic Council Chairman Larry Kudlow holds an impromptu press conference today with media discussing the current state of the economy. Kudlow focuses attention to the economic gains amid the middle-class.
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.
White House Council of Economic Advisors Chairman Kevin Hassett gives an interview to discuss the current state of the U.S. economy. After discussing President Trump’s Fed pick Herman Cain, Hassett outlines how inflation is non-existent; and also discussions around ongoing U.S-China trade discussions.
Wow, CPL is having a very bad day. [Details Here] The scale of the new grand jury indictments against Avenatti for his alleged criminal behavior is clear; if convicted on all counts he could spend 335 years in prison.
Attorney Michael Avenatti has been charged in a 36-count federal indictment alleging he stole millions of dollars from clients, did not pay his taxes, committed bank fraud and lied in bankruptcy proceedings.
DOJ Details on Avenatti Indictment HERE
Earlier today President Trump delivered remarks during an energy and infrastructure event in Crosby, Texas. [Video and Transcript]
There’s a term called “zeroing” at the heart of this World Trade Organization decision that supports President Trump, Secretary Ross and USTR Lighthizer.
When an industry product like Canadian softwood lumber is shipped into the U.S. for sale at a lower price than exists in Canada, the U.S. Commerce department calls that “dumping“. If the Canadian product is the same or higher in the U.S. as it is in Canada there is no dumping. No dumping is a “zero” or normal price differential; hence “zeroing”.
The Canadian government is subsidizing their lumber industry by allowing tree removal from federal land at discounted rates so long as the lumber is exported. This made softwood lumber cheaper in the U.S. than in Canada and set up the dumping issue.
[NOTE: This is the same issue with Steel and Aluminum from China]
U.S. lumber mills were going out of business because Canada was dumping subsidized product into the U.S. market at a discounted rate. As a consequence, in 2017 Commerce Secretary Wilbur Ross instituted a 20% tariff on Canadian lumber to protect the U.S. lumber industry. The tariff is a countervailing duty to offset the Canadian subsidy. ie. “zeroing”.
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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.”
During a bond hearing today prosecutors say the FBI is still investigating whether a 32-year-old Yujing Zhang, the Chinese woman accused of lying to illegally enter President Trump’s Mar-a-Lago estate in Florida, is a spy.
After a search warrant, additional spy tech was found in her hotel room including: $7,500 in one hundred dollar bills; a signal detector device to find hidden cameras; nine USB drives, five SIM cards and an additional cell phone. Sketchy… all of it.
(Via CBS) A federal prosecutor says a Chinese woman who was arrested for illegally entering President Trump’s Mar-a-Lago club had a device to detect hidden cameras in her hotel room when Secret Service agents searched it.
Speaking at Yujing Zhang’s bail hearing Monday in West Palm Beach, Florida, prosecutor Rolando Garcia said agents also found U.S. and Chinese currency in her room, along with nine USB drives and five USB cards. She’s charged with lying to a federal agent and illegal entering.
Acting chief-of-staff Mick Mulvaney appears on Fox News Sunday to discuss current political events in Washington DC. Topics include resistance effort by House democrats; the ongoing border crisis with Mexico; the House effort to get President Trump’s income taxes from the IRS; and the upcoming release of the Mueller report by Attorney General William Barr, and Healthcare initiatives.