The November jobs reports are coming out and the results are Bigly remarkable.  Manufacturing job growth in November was 40,000 new jobs.  That’s the highest single month jobs growth in over 15 years.  These manufacturing jobs are higher wage jobs. This is the blue-collar-billionaire economic outcome President Trump has been working toward within every economic proposal, policy and initiative.
The first wave of companies (large and small manufacturers of American products) to jump on the Trump economic initiatives, have invested and begun building-out their capacity. Now we begin to see those companies hiring workers to create the products and services.

Overall the U.S. economy added 190,000 jobs in November which is almost twice the number needed to replace retiring workers.  The government’s headline unemployment number is currently at 4.1%.  For several years we have questioned the methodology behind the unemployment numbers.  What we are likely to see is reality forcing the skewered methodology to push that unemployment number below 4%.
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A rather interesting New York Times article describes life in the Consumer Financial Protection Bureau (CFPB) now that interim Director Mick Mulvaney is leading the agency. Actually, one of the more interesting aspects is how congressional defenders of the CFPB have claimed the workforce is non-partisan, yet for some mysterious reason the mostly Millenials are described as using coded messaging.

Keep in mind, these are presumably college educated young professionals:

New York Times […] Some employees, including a few of the bureau’s top officials, have welcomed their new leader. Others, pointing to Mr. Mulvaney’s earlier hostility toward the agency and its mission, are quietly resisting. One small group calls itself “Dumbledore’s Army,” according to two of the people who were familiar with their discussions. The name is a reference to a secret resistance force in the “Harry Potter” books.
An atmosphere of intense anxiety has taken hold, several employees said. In some cases, conversations between staff that used to take place by phone or text now happen almost exclusively in person or through encrypted messaging apps.

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Another week – another set of weekly economic data – another upward forecast of anticipated 4th Quarter GDP growth.  Two weeks ago the Fed raised the 4th quarter growth projection to 3.2%. Last Week they revised that up to 3.8%. This week they have revised it upward again to 3.93%

Oh, the winning…. squeeze the kids.  REMEMBER:

…”Hold on to your economic britches peeps – throw dem ju-ju bones out the windows – grab hold of the young-un’s, squeeze em tight and introduce them to ‘capitalism unchained’. We are in uncharted MAGA territory now. Q4 will be well beyond 3.2% 3.8%  3.9%… Well Beyond.”…

MAGAnomics is a generally common sense approach toward achieving dynamic growth in the U.S. economy. Left-leaning U.S. economic experts (most of them) are gnashing their teeth as the America-First MAGAnomic principles are paying YUGE initial dividends.
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There’s a big con job just over the horizon.  All of the elements are there.  The timing, the platform, the personalities, the discussion topics, etc., it’s a familiar script.  CTH would like to direct attention to this interview which took place last night on Laura Ingraham’s new Fox News show.  Listen carefully to three elements:
♦On Tax Reform – on one side of Rubio’s ‘full-throated‘ mouth he wants higher taxes on corporations 22% -vs- 20%. In the almost the same breath, inside the same argument, he says “it’s not their (the government’s) money”.   Try to reconcile that.
♦On DACA – [Remember, three months ago President Trump gave congress six months to fix DACA]  Rubio says the “Deferred Action for Childhood Arrivals” (DACA) program is not the “Dreamers”.  What? Yes it is. The childhood arrivals ARE the so-called ‘dreamers’.
♦However, much more importantly, listen to what is said on “chain migration“.  Ingraham asks if Rubio supports “chain migration”.   Rubio says no, then immediately says: “I’ve always agreed to limiting chain migration to immediate family members”. WHAT? That is chain migration.

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Go through the archives and you’ll note a strategy unfolding that few, including us, could fully conceptualize when it first appeared.  Way back when candidate Trump first began to put his economic plans into platform outlines the subtle signature was there, but few were paying attention.
In order to reverse three decades of middle-class economic erosion, there were indicators that Trump’s strategy was a radical change in approach.  In essence the strategy was to split the economic policy into two areas and sequence the policy: highly-consumable goods (first) and durable goods (second).
Both product sectors have historically been viewed and approached by economic policy makers using a single financial strategy.  That singular approach gave rise to Wall Street benefiting and Main Street suffering.  Investment-class gained; middle-class suffered.
Trump outlined an approach –albeit vaguely– that was multidimensional.
His policy would first target multinational corporations, using the U.S. Treasury (Mnuchin) to weaken their grip and influence; simultaneously, he would use energy policy to drive down domestic prices in highly-consumable products (fuel, food, energy sector).  These sectors are not measured in fed inflation indexes; however, if lowered, these facets of consumer spending can also increase the amount of disposable income available for workers.
In essence, expand the economy by lowering the aggregate cost of living for the middle-class who live paycheck-to-paycheck.  Use monetary policy, fiscal policy and trade policy), to entice domestic investment and create jobs; and ultimately put upward pressure on wages.
That’s where we are now.
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Almost too much winning… almost, but I think we can take it.  The New York federal reserve has raised their anticipated fourth quarter GDP growth forecast to 3.8%.  That’s only a week after previously raising it to 3.2%.
The Stock Market closes again at yet another all time high today:

Yup, as widely anticipated, the impact from Trump’s MAGAnomic policies are creating a massive upward dynamic on the Main Street economy.  The increase in consumer confidence; the recent increases in wages; the increase in disposable income as an outcome of lowered energy costs and downward prices on high consumables (fuel, food, etc.); the increases in housing starts; the reductions in imported durables; the expansion of exports in energy products and agriculture, and the expanding domestic investment, are all factors in expanding the GDP.
The NY Fed have revised their projection upward to 3.8%, and THAT’S BEFORE they get a first analysis on holiday spending (due out the end of the month); and well before they can quantify the November and December retail sales results which account for two-thirds of GDP math.   So don’t be surprised, as we shared on their last revision, if you see that GDP growth number go much higher.
Oh, the winning…. squeeze the kids.  REMEMBER:
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Everyone is aware how apoplectic the Democrat loonery became when their best laid schemes to put Hillary in the White House ran into the reality of electoral Cold Anger carried by the deplorables.  Lots has been written about the gobsmacked reaction to the election, yet few have outlined the underlying policy reasons for the scope of the panic.
The desperate need for post-election control showcased the lefts’ reaction to fear.  However, it is only by looking at the policy groundwork they lost where a political observer can evaluate the scale of defeat.  Democrats created a continuum pathway that is now entirely controlled by the very nemesis of their controlling belief system.

In a largely under-reported story last week, President Trump installed OMB Director Mick Mulvaney as interim head of the Consumer Financial Protection Bureau, the CFPB.
The CFPB was created to establish power and control over almost every financial transaction in the United States.  But it is only when you review how Elizabeth Warren and the control agents structured the czar head of the CFPB that you recognize the scale of the intent carried within the construct.
When Senator Elizabeth Warren and crew set up the Director of the CFPB, in the aftermath of the Dodd-Frank Act, they made it so that the appointed director can only be fired for cause by the President.
This design was so the Director could operate outside the control of congress and outside the control of the White House.  In essence the CFPB director position was created to work above the reach of any oversight; almost like a tenured position no-one could ever remove.
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Office of Management and Budget Director Mick Mulvaney appears on CNN today with Jake Tapper to discuss the Tax Reform Bill and the current Senate version.
Tapper has the ‘Media Matters’ talking points cued up; however, unfortunately for Tapper, Mulvaney knows the intricacies and swats the annoying gnatter chat. Actually, in the $30k example provided by Tapper – Mulvaney went easy on him.

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Interestingly, Mick Mulvaney was also appointed to be the interim head of the CFPB this week; which has ramifications for left-wing economic control loons far greater than the tax reform package.  [More on that later.]  OMB Director Mick Mulvaney also appeared on CBS with John Dickerson (below):
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There is a notable intent to talk down the economy amid almost all financial news providers.  However, despite their negative tone the economic reality continues to surpass their Eeyore disposition.
October’s U.S. housing starts jumped +13.7% to 1.29 million units and now begins to catch up with the underlying economic data.
You’ll note CTH discussed how housing would be regionally specific as the larger Main Street MAGAnomic policies were implemented.
Capital expenditures by home builders and home purchasers are the biggest financial decisions for most American workers.
Due to the deliberate factors involved, home purchasing is the largest railroad car in the economic train; it is also positioned in the rear of the economic sequencing.  However, when home building takes off the entire economic train gains momentum.

(Via Reuters) […] The sharp rebound in home construction reported by the Commerce Department on Friday was also driven by robust gains in the Northeast and Midwest regions.
The broad recovery could ease concerns about the housing market, which has been a drag on economic growth since the second quarter. The report added to labor market, manufacturing and retail sales data that have pointed to strong economic momentum as the year winds down.

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There are many people taking notice of modern politics for the first time in their lives. There is also some confusion noticed between two groups who talk above and around each other. Two groups communicating from two entirely different sets of understanding.  Perhaps it is valuable to reset the larger frames of reference and provide clarity.
Many, heck, most people think when they vote for a federal politician -a representative- they are voting for a person who will go to Washington DC and write or enact legislation. This is the old-fashioned “schoolhouse rock” perspective based on decades past.
There is not a single congress person who writes legislation or laws.
In 2017 not a single member of the House of Representatives or Senator writes a law, or puts pen to paper to write out a legislative construct. This simply doesn’t happen.
Over the past several decades a system of constructing legislation has taken over Washington DC that more resembles a business operation than a legislative body. Here’s how it works right now.
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