Thankfully, NEC Chairman Larry Kudlow knows the dance with the dragon is well beyond his advanced skill-set.  Kudlow is too earnest to enter the cunning matrix of deception as it pertains to Beijing’s geopolitical strategies, Chairman Xi Jinping and President Trump.
As such Kudlow speaks in distant terms while allowing the ‘killers’, specifically U.S.T.R. Lighthizer, Commerce Secretary Wilbur Ross and President Trump, to engage as planned.

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Nuance and subtlety is everything in China. Culturally harsh tones are seen as a sign of weakness and considered intensely impolite in public displays between officials; especially amid adversaries. Respect is earned through strength and cunning.
There is no doubt in my mind that President Trump has a very well thought out long-term strategy regarding China. President Trump takes strategic messaging toward the people of china very importantly. President Trump has, very publicly, complimented the friendship he feels toward President Xi Jinping; and praises Chairman Xi for his character, strength and purposeful leadership.  Trump knows how to play their panda/dragon games.
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In a rather epic tweet directed toward the totalitarian government of Iran, President Trump reminds everyone, particularly the enabling EU,  that on November 5th a massive set of economic sanctions will begin again.

(White House) REIMPOSING ALL SANCTIONS: President Donald J. Trump is reimposing the toughest sanctions ever on Iran, targeting many of the corrupt regime’s critical sectors.

• On November 5, 2018, all United States sanctions that were lifted under the disastrous Iran nuclear deal will be fully reimposed.
  • Together with the unprecedented sanctions actions taken by the Trump Administration, this will be the toughest sanctions regime ever imposed on Iran.

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Council of Economic Advisers Chairman Kevin Hassett appears on Fox business to discuss the excellent October jobs report and U.S. trade talks with China.

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The Bureau of Labor Statistics (BLS) releases the October 2018 jobs report and the Ju-Ju bones are jumpin’. A quarter million new jobs created, vastly exceeding all expectations. Every sector increased in jobs:
Total nonfarm payroll employment increased by 250,000 in October, following an average monthly gain of 211,000 over the prior 12 months. In October, job growth occurred in health care, in manufacturing, in construction, and in transportation and warehousing. (See table B-1.)
Health care added 36,000 jobs in October. Within the industry, employment growth occurred in hospitals (+13,000) and in nursing and residential care facilities (+8,000). Employment in ambulatory health care services continued to trend up
(+14,000). Over the past 12 months, health care employment grew by 323,000.
In October, employment in manufacturing increased by 32,000. Most of the increase occurred in durable goods manufacturing, with a gain in transportation equipment (+10,000). Manufacturing has added 296,000 jobs over the year, largely in durable goods industries.
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Vice President Mike Pence tells FOX Business’ Trish Regan the migrant caravan heading toward the U.S. southern border was organized by leftist groups in Honduras, and central America, and is partially financed by Venezuela.

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Earlier today President Donald Trump delivered remarks surrounding the current state of U.S. immigration policy [initiatives here] and the approaching Central American migration.  There are approximately four migration groups traveling north.

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Ever since candidate Trump announced his intent to run for the presidency in 2015, CTH has mapped out the economic possibilities of applied MAGAnomic policy.  Once you absorb the ramifications within the intentional policy shift from Wall Street (global) to Main Street (America first), every downstream result is essentially common sense.

• Part 1 – Why I support Donald Trump – July 2015
• Part 2 – Why I support Donald Trump – August 2015
• Part 3 – Why I support Donald Trump – September 2015

One of the reasons the professional political class hate Trump is simply because he applies common sense policy built upon the cornerstone of America-first. Decades of pontificating political economic policy are dispatched; and the American economic engine roars.

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President Trump delivers remarks during “Our Pledge to America’s Workers,” at the the White House.  Anticipated start time 2:30pm EST
UPDATE: Video Added

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More fantastic MAGAnomic numbers today to bolster the great news from yesterday.  ADP/Moody’s private payroll analysis shows 227,000 jobs gained in October, and September’s revised actual payroll numbers increased from 218k to 230k.
The ADP hiring analysis reflects continued strong jobs growth across the U.S. with private sector employment increasing by 227,000 jobs in October.  This exceeds the earlier projections where analysts were expecting 189,000 new jobs added during the month.

The October payroll increase was the highest since February 2018.   Additionally, the Bureau of Labor Statistics released their latest employment cost summary today showing overall wage growth in September of 2.8% year-over-year.
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First the wonky stuff.  The Conference Board Consumer Confidence Index (CBCCI) has jumped again for October and now measures the highest current sentiment among consumers since 2000.   The CCI now stands at 137.9 (1985=100), up from 135.3 in September.   Additionally, the future outlook of consumers, known as the “Expectations Index” (consumers’ short-term outlook for income, business and labor market conditions) increased from 112.5 last month to 114.6 this month.  More DATA winnamins.
What does that mean?  Well, it means middle-America feels GREAT about now, next week, next month, and well into next year.  Additionally, now that the winnamins are starting to catch up to them, the pontificating wonkified actuaries will begin to project a splendidly “strong” holiday season.  Duh!  They’re always playing catch-up. LOL.

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The key to understanding MAGAnomics is to focus on the middle-class.  If the middle-class is thriving and doing well, all of the economic indicators will tell the same story.  MAGAnomic benefactors (ordinary working people outside the investment class) are scantly impacted by the Stock Market.
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