Quantcast

MAGAnomics – Incredible 2,617,000 Jobs Created in 2018…

Jobs, jobs, jobs.  Stunning jobs data provided today by the Bureau of Labor Statistics (BLS) [see here] all 50 states had significant job gains through November 2018.  Not a single state had a negative job growth number.
Total 2018 growth in U.S. jobs through November is:  2,617,000 new jobs.
Eighteen states had significant jobless rate decreases from a year earlier; and with the national unemployment rate at 3.7 percent 32 states (and DC) had little or no change.

(Data Link)

(more…)

CHECKMATE – Saudi Crown Prince MbS Sends Replacement Troops To Defend Kurds in Syria…

Brilliant.


Nancy Pelosi, Chuck Schumer and the DC Decepticons are concerned about the Kurdish groups in Syria as the President Trump withdraws U.S. forces.  The concern stems from a possibility of Turkey taking hostile action toward our Kurdish allies.  However, a new report from the region highlights Saudi Crown Prince Mohammed Bin Salman is sending his forces to replace the U.S. troops.

SAUDI ARABIA – Saudi Arabia and the UAE have sent military forces to areas controlled by the Kurdish YPG group in north-east Syria, Turkey’s Yenisafak newspaper reported.

The paper said the forces will be stationed with US-led coalition troops and will support its tasks with huge military enforcements as well as heavy and light weapons.

(more…)

House Votes For Short-Term Funding Bill That Includes Border Security…

The House of Representatives voted tonight to include $5.7 billion for border security in a spending bill after President Trump warned them he would veto the spending bill without it.  Despite prior claims by Democrats the bill passed 217-185.

The bill now goes to the senate where Mitch McConnell, the GOP Decepticon caucus, and Chuck Schumer previously refused to consider border security.  If Schumer, McConnell and the Decepticons reject the bill it will likely lead to a partial government shutdown.


(more…)

Treasury Secretary Steven Mnuchin Discusses Wall Street and Monetary Policy….

Treasury Secretary Steven Mnuchin discusses the strength of the U.S. economy, and the apparent disconnect between Main Street’s growth and Wall Street’s multinational risk exposure.  [Pro Tip: go back and read the dimensional shift]
Secretary Mnuchin (correctly) stays away from discussing the federal reserve and highlights the strength of Main Street.   CTH readers well understand what is driving this dynamic; and it will continue until 30-years of divergence is corrected, and parity achieved.


.
Traditional economic principles have revolved around the Macro and Micro with interventionist influences driven by GDP (Gross Domestic Product, or total economic output), interest rates, inflation rates and federally controlled monetary policy designed to steer the broad economic outcomes.
Additionally, in large measure, the various data points which underline Macro principles have been viewed as two dimensional. As the X-Axis goes thus, the Y-Axis responds accordingly… and so it goes…. and so it has historically gone.  This ain’t that.
(more…)

Optimal Solution Confirmed – Kirstjen Nielsen Announces Asylum Seekers Will Be Retained in Mexico Pending Processing….

A few days ago many critics were concerned over an announced pledge of U.S. State Department funding ($4.8 billion) for security and economic development in Mexico. However, CTH noted the approach was likely not what it seemed.
Those who followed the USMCA construct closely noted that U.S. President Trump (through Jared Kushner) and Mexican President Lopez-Obrador (through Jesus Seade) were doing something much bigger than a trade agreement; they were structuring an entirely new U.S-Mexico economic alliance.
With increased investment in central America by the Chinese government; and with Venezuela in a state of vulnerability to becoming a proxy therein; and with Brazil taking a more nationalistic approach; a completely new partnership which focused heavily on domestic security and economics was taking shape between the U.S. and Mexico. Throughout 2017 and 2018 the U.S. media was oblivious to it.
Then, two days ago, the U.S. State Department made public the principles of an economic alliance between the United States and Mexico. [See Here] The outline should be familiar: Economic Security is National Security.
Today Department of Homeland Security chief Kirstjen Nielsen told lawmakers that migrants heading to the southwest border to seek asylum in the United States will have to wait in Mexico until their claims are processed, under an agreement between the two countries:


(more…)

Flashback 2016: Secretary of State John Kerry Admits President Obama Intentionally Armed ISIS in Syria…

CTH has some new readers, so against the backdrop of the UniParty in Washington DC jumping into action to criticize President Trump’s decision to withdraw from Syria; perhaps a little factual historic refresher is in order….

On September 30th 2016 the New York Times quietly released a leaked audio recording of Secretary John Kerry meeting with multiple factions associated within Syria.
The 40-minute discussion took place on the sidelines of a United Nations General Assembly in New York. The meeting took place at the Dutch Mission to the United Nations on Sept. 22nd 2016:

[…] Kerry’s off-record conversation was apparently with two dozen ‘Syrian civilians’, all from US backed opposition-linked NGO’s in education and medical groups supposedly working in ‘rebel-held’ (aka terrorist-held) areas in Syria.
This opposition conclave also included ‘rescue workers’ which can only be ambassadors from the White Helmets, a pseudo NGO which serves as Washington and London’s primary PR front in pursuit of a “No Fly Zone’ in Syria, and it’s being bankrolled by the US, UK, EU and other coalition states to the tune of well over $100 million (so far). (link)

When you listen to the audio recording (embedded below) it becomes immediately obvious what was going on in 2014, 2015 and 2016 as an outcome of policy from the White House. In addition, you discover why this jaw-dropping 2016 leak/story was buried by the U.S. media and how it connects to the prior 4 years of perplexing U.S. mid-east policy.
This evidence within this single story would/should forever remove any credibility toward the U.S. foreign policy under President Obama. It also destroys the credibility of a large number of well known republicans, and explains how the prior action placed President Trump into a precarious position requiring a careful approach.
(more…)

Poland Signs 20 Year Deal to Purchase U.S. Liquefied Natural Gas….

Economic security is national security… In July 2017 President Trump traveled to Poland to attend the Three Seas Initiative Summit, a gathering of countries bordering the Adriatic, Baltic and Black Sea (Poland, Austria, Croatia, Hungary, Czech Republic, Slovenia, Slovakia, Romania, Bulgaria, Lithuania, Estonia and Latvia).
The primary purpose of the visit was to discuss security initiatives including how to diminish Russian influence through a cooperative agreement over energy.  President Trump took the SME’s, and delivered a speech in Warsaw, Poland:

[…] “President Duda and I have just come from an incredibly successful meeting with the leaders participating in the Three Seas Initiative. To the citizens of this great region, America is eager to expand our partnership with you. We welcome stronger ties of trade and commerce as you grow your economies. And we are committed to securing your access to alternate sources of energy, so Poland and its neighbors are never again held hostage to a single supplier of energy.”


Well, today a massive multi-billion energy contract for the United States sale and Poland purchase of Liquefied Natural Gas (LNG) was announced.  While financial terms were not disclosed, the agreement is for the sale and purchase of approximately 2.7 billion cubic meters per year (after regasification) – enough natural gas to meet about 15 percent of Poland’s daily needs.  The contract is for 20 years of purchases.

SAN DIEGO, Dec. 19, 2018 /PRNewswire/ — Port Arthur LNG, LLC, a subsidiary of Sempra Energy (NYSE: SRE), and the Polish Oil & Gas Company (PGNiG) today announced they have entered into a definitive 20-year sale-and-purchase agreement for liquefied natural gas (LNG) from the Port Arthur LNG liquefaction-export facility under development in Jefferson County, Texas.

(more…)

President Trump is Not The Issue – It's Those Who Oppose Him…

Much misplaced anger is visible.  President Trump wants the southern border wall; he is being opposed by every interest who doesn’t want it.  The people in DC who are opposed to border security, are the people who write the laws.  I’m not talking about congress; I’m talking about the real people who actually write the laws, the lobbyists.
Right now Majority Leader Mitch McConnell and Minority Leader Chuck Schumer are writing a short-term continuing resolution to fund government and avoid a shutdown.
They know President Trump is quite comfy with a shutdown.
Why would republican Mitch McConnell take such an action that puts the republican President in a position of opposition and compromise?
Because he wants to, that’s why.
President Trump said he wouldn’t sign another CR that didn’t fund the border wall.  Right now Mitch and Chuck are writing a CR that doesn’t fully fund the border wall.  Why would Mitch McConnell do that? Because he want’s to that’s why.  UniParty !
Mitch McConnell, Chuck Schumer, Nancy Pelosi and Paul Ryan are working to put a take it or leave it bill in front of the President and force him to accept it.  Republicans currently control the House and Senate.  Why would McConnell and Ryan put President Trump into that position?  Because they want to, that’s why.
That’s who you should be mad at, not President Trump.
(more…)

U.S. Pledges $10.6 Billion For Central America and Southern Mexico…

There are many voices very angered by an announcement that the U.S. State Department is providing $10.6 billion to Mexico and Central America while congress fights over $5 billion in funding for a Southern Border Wall. CTH is not one of those voices.
First, the article (emphasis mine):

MEXICO CITY (AP) — The United States pledged $5.8 billion in aid and investment Tuesday for strengthening government and economic development in Central America, and another $4.8 billion in development aid for southern Mexico.
The U.S aid aims to promote better security conditions and job opportunities as part of a regional plan to allow Central Americans and Mexicans to remain in their countries and not have to emigrate.
The plan was announced in a joint U.S.-Mexican statement released by the State Department and read aloud by Mexican Foreign Relations Secretary Marcelo Ebrard in the Mexican capital.  “In sum I think this is good news, very good news for Mexico,” Ebrard said.

(more…)

Council of Economic Advisers Chairman Kevin Hassett: "The Uniquely U.S. Boom"…

CEA Charman Kevin Hassett is a happy MAGAnomic warrior as he continues to explain the disconnect between the strength of the U.S. economy -vs- the world; and how the disconnect impacts the multinationals (Stock Market).


.
The interview is in two segments. Part II is below:
(more…)