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.
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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.
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).
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The interview is in two segments. Part II is below:
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CTH has pointed, repeatedly, toward a very specific economic and financial dynamic because President Trump is uniquely focused on Main Street’s “real economy“.
Everything happening in/around the financial markets is very predictable when you focus on understanding the principles of Main Street MAGAnomics and how those basic principles diverge from Wall Street’s “paper economy”.
President Trump is clawing back American wealth; inch by inch… bit by bit. This is the full monty. This is economic nationalism. This is for all the marbles.
This is it.
Everything is happening in a very predictable sequence. Few understand the MAGAnomic reset, and what was predicted to happen in the space between disconnecting a Wall Street economic engine (globalism and multinationals) and restarting a Main Street economic engine (nationalism/America-First). In 2015, 2016, 2017, 2018 CTH explained where we would be today. With current Wall Street events, perhaps it is worthwhile remembering the dynamic.
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White House senior adviser Stephen Miller joins Margaret Brennan to discuss the future of Obamacare and whether the government will shut down over the congressional funding battle regarding border security.
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If you’ve followed the MAGAnomic discussion threads you will likely appreciate this interview much more than the typical Fox Business viewer.
In this interview White House Council of Economic Advisers Chairman Kevin Hassett discusses the recent rise in retail sales and why he is optimistic about GDP growth.
Additionally, at the 03:00 point of the interview he is questioned about the disconnect between the exceptional growth in the U.S. economy -vs- the current status of the Wall Street stock market. Hassett points directly to the ‘multinational‘ disconnect.
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Via Commerce Dept – “Advance estimates of U.S. retail and food services sales for November 2018 were $513.5 billion, an increase of 0.2 percent from the previous month, and 4.2 percent above November 2017. Total sales for the September 2018 through November 2018 period were up 4.3 percent from the same period a year ago.”
Two-thirds of U.S. GDP stems from U.S. consumer sales. Growth of more than 4% year-over-year is excellent and forms the basis for the increases in forecast GDP.
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I apologize in advance for my shortcomings in trying to de-wonk multinational economics and the financial constructs that impact, at the core, the U.S. worker and consumer. It’s a big issue to tackle in digestible portions. However, that said some inflationary statistics are presenting an opportunity for expanded discussion.
Reuters has an article out today highlighting inflationary data as released by the Bureau of Labor Statistics (BLS) [DATA HERE]. The overall summary is the Consumer Price Index is stable or flat reflecting low inflation on measured goods; however, that’s not the part that bears emphasis. Instead I would direct attention to this:
The Fed’s preferred inflation measure, the core PCE price index excluding food and energy, increased 1.8 percent year-on-year in October, the smallest gain since February, after rising 1.9 percent the prior month. It hit the U.S. central bank’s 2 percent target in March for the first time since April 2012.

At the heart of the controlled monetary system; at the epicenter of the multinational global control mechanisms; inside the offices of the global economic elites; there is a system of financial manipulation with tentacles that reach into your pocket. This system seems hard to understand, but it is critical to do so… so we need to try and understand it.
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The CFO of Huawei has been released on bail pending her extradition hearing to the United States. Ms. Meng will have to wear and ankle monitor and travel with security agents until her next hearing on February 6th.
(Via NBC) A Vancouver judge set a $10 million CAD bail ($7.5 million U.S.) for Huawei Chief Financial Officer Meng Wanzhou Tuesday, capping a week of increasing trade tensions and strong market reactions around the dispute between the Department of Justice and one of China’s largest hardware companies.
The United States had asked the Vancouver court to deny bail for Meng, whose father is a billionaire and a founder of Huawei, calling her a flight risk. Canada has been expected to extradite Meng to the United States over charges that the company improperly took payments from Iran in violation of sanctions against the country.
Early this morning China transmitted and interesting tweet position that was/is a transparent display of their panda mask. In essence the panda play was a call for team USA to drop the zero-sum outlook and seek a win/win. Given the historic nature of Chinese negotiations the tweet was rather funny. However, it does highlight the dance.
Additionally, a few hours later President Trump tweeted about ongoing U.S-China trade discussions and something to watch for:
Moments ago we received the first indications of Chairman Xi’s panda play:
(Via Wall Street Journal) China agreed to reduce tariffs on U.S. autos to 15%, down from 40% currently, during a phone call with U.S. officials that opened the latest round of trade talks aimed at settling a trade dispute festering between the world’s two largest economic powers, according to a person familiar with the matter.
The Bureau of Labor Statistics (BLS) has updated the data for the number of jobs that are available in the U.S. economy. More than 7 million jobs are available for an estimated unemployed labor force (job seekers) of approximately 6 million.
Additionally, what is interesting to note is the sectors where the rate of available jobs is increasing the most. [See Table A – as below] What you can clearly see is the rate of highest job openings is within the Main Street economy (blue and white collar).

To consider the state of the economy; and contrast the punditry opinion of the economic strength therein; it is important to look at what types of jobs are growing.
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