posted March 08, 2017 11:54 PM            

The February jobs report was released earlier today and the results stunned the markets. Employment in the private sector surged by 298,000 for the month However, no forecaster anticipated manufacturing and construction jobs growing over 106,000 jobs.

Construction jobs swelled by 66,000 and manufacturing added another 32,000. A stunning reversal in the sectors gaining the most significant growth in the first full month of a Donald Trump presidency:

The total shattered market expectations of 190,000, according to economists surveyed by ADP. The blockbuster report also solidified market expectations for the Fed to hike interest rates next week. Probability for an increase jumped to 91 percent after the release, according to the CME.

The report encompassed the first full month under President Donald Trump, who has pledged to rebuild the nation’s aging infrastructure system. (read more)

The results are so far beyond expectations that all current forecast models are being revised.

The year is off to a sizzling start for job creation, according to the ADP counts. January added 261,000 positions, a number that was revised upward from the originally reported 246,000.

“Confidence is playing a large role,” Mark Zandi, chief economist of Moody’s Analytics, told CNBC. “Businesses are anticipating a lot of good stuff — tax cuts, less regulation. They are hiring more aggressively.”

Services led the way with 193,000 new jobs, with 66,000 coming from professional and business services. Health care added 38,000 while information-related jobs came to 25,000.

Job creation was fairly evenly distributed across business size. Companies with 50 to 499 employees added the most with 122,000, while small firms added 104,000 and large contributed 72,000. (link)

President Trump has proposed such a significant paradigm shift in U.S. production and manufacturing that he has almost single-handily uncoupled federal economic policy from Wall Street and attached it to the Main Street economic engine.

This result is stunning, yet not unexpected by those who have taken deep dives into the possibility.

REMINDER – One of the larger hurdles President Trump faces is a need to re-educate an entire generation on a fundamentally new vision of the U.S. economy. A return to a Pro-Main Street, goods-based, manufacturing, technology, innovation and industry driven economic model.

Interestingly, many people have referenced a 1991 (25 years old) video of Donald Trump testifying before congress – as evidence of him being tuned in to political consequences of economic activity. The entire video is well worth watching because it gives you insight into a very specific moment in time as they discuss the ‘Reagan era’ 1986 tax reform act.

For the sake of this discussion post I would like to draw your attention to a very specific exchange between Donald Trump and Representative Helen Delich Bently (R-MD).

In this 1991 hearing, Representative Helen Bently is pointing out an ongoing erosion of U.S. manufacturing. Notice how she references current trade deals and “fair trade” versus “free trade”, sound familiar? It should.

What you will find in all of Donald Trump’s positions, is a paradigm shift he necessarily understands must take place in order to accomplish the long-term goals for the U.S. citizen/worker as it relates to “entitlements” or “structural benefits”.

All other politicians begin their policy proposals with a fundamentally divergent perception of the U.S. economy. They are working with, and retaining the outlook of, a U.S. economy based on “services”; a service-based economic model. Consequently their forecasted economic growth projections are based on ever-increasing foreign manufacturing dependency, and even more solidifying service-based economics.

While this economic path has been created by decades old U.S. policy, and is ultimately the only historical economic path now taught in school, Trump intends to change the course entirely.

Because so many shifts -policy nudges- have taken place in the past several decades, few academics and even fewer MSM observers, are able to understand how to get off this path and chart a better course.

President Trump is proposing less dependence on foreign companies for cheap goods, (the cornerstone of a service economy) and a return to a more balanced U.S. larger economic model where the manufacturing and production base can be re-established and competitive based on American entrepreneurship and innovation.

No other economy in the world innovates like the U.S.A, Trump sees this as a key advantage across all industry – including manufacturing.

The benefit of cheap overseas labor, which is considered a global market disadvantage for the U.S., is offset by utilizing innovation and energy independence. Removing many of the burdensome regulations eliminates choking business costs and provides an offset for any import cost increases.

The third highest variable cost of goods beyond raw materials first, labor second, is energy. If the U.S. energy sector is unleashed -and fully developed- the manufacturing price of any given product will allow for global trade competition even with higher U.S. wage prices.

In addition the U.S. has a key strategic advantage with raw manufacturing materials such as: iron ore, coal, steel, precious metals and vast mineral assets which are needed in most new modern era manufacturing. Trump proposes we stop selling these valuable national assets to countries we compete against – they belong to the American people, they should be used for the benefit of American citizens. Period.

EXAMPLE: Currently China buys and recycles our heavy (steel) and light (aluminum) metal products (for pennies on the original manufacturing dollar) and then uses those metals to reproduce manufactured goods for sale back to the U.S. – Donald Trump is proposing we do the manufacturing ourselves with the utilization of our own resources; and we use the leverage from any sales of these raw materials in our international trade agreements.

When you combine FULL resource development (in a modern era) with with the removal of over-burdensome regulatory and compliance systems, necessarily filled with enormous bureaucratic costs, Donald Trump feels we can lower the cost of production and be globally competitive.

In essence, Trump changes the economic paradigm, and we no longer become a dependent nation relying on a service driven economy.

In addition, an unquantifiable benefit comes from investment, where the smart money play -to get increased return on investment- becomes putting capital INTO the U.S. economy, instead of purchasing foreign stocks.

With all of the above opportunities in mind, this is how we get on the pathway to rebuilding our national infrastructure. The demand for labor increases, and as a consequence so too does the U.S. wage rate which has been stagnant (or non-existent) for the past three decades.

As the wage rate increases, and as the economy expands, the governmental dependency model is reshaped and simultaneously receipts to the U.S. treasury improve. More money into the U.S Treasury and less dependence on welfare programs have a combined exponential impact. You gain a dollar, and have no need to spend a dollar. That is how the SSI and safety net programs are saved under President Trump.

When you elevate your economic thinking you begin to see that all of the “entitlements” or expenditures become more affordable with an economy that is fully functional.

As the GDP of the U.S. expands, so too does our ability to meet the growing need of the retiring U.S. worker. We stop thinking about how to best divide a limited economic pie, and begin thinking about how many more economic pies we can create.

President Donald Trump’s “America First” economic thinking is intensely generational in scope.

Simply put, we begin to….

posted March 09, 2017 03:26 PM            

AND..........

U.S. Consumer Comfort Just Reached Its Highest Level in a Decade
Austin Weinstein
March 9, 2017

Sentiment about U.S. economy is strongest since August 2001

Confidence extends beyond Republicans as independents upbeat

Americans’ confidence continued to mount last week as the Bloomberg Consumer Comfort Index reached the highest point in a decade on more-upbeat assessments about the economy and buying climate, figures showed Thursday.

Key Points
•Consumer comfort index rose to 50.6 in the period ended March 5, the highest since March 2007, from 49.8

•Measure has exceeded 50 just six times since April 2002

•Gauge of economy advanced to 48.2, the highest since August 2001, from 46.8

•Buying-climate measure rose to 44.5, the strongest reading since April 2002, from 43.7

•Index of personal finances was little changed at 58.9 versus 59

Big Picture

Stock indexes near record highs and persistent strength in the job market have lifted the consumer comfort gauge in five of the last six weeks since the inauguration of President Donald Trump. The report showed respondents view the buying climate as the most favorable in nearly 15 years, indicating household spending may rebound after a slow start to 2017. While sentiment has been particularly strong among those who vote Republican, the data also showed political independents were the most upbeat since July 2001.

The Details

•Confidence among Americans with incomes above $100,000 cooled for the first time in six weeks, easing to 76.8 from a 78.7 reading that matched a record reached in 2006

•Republicans’ sentiment exceeded that of Democrats by the most since September 2013

•Sentiment rose in the South and Midwest; fell in the West and Northeast

•Part-time employees were most confident since October 2015

posted March 12, 2017 11:24 PM            

Apparently Dumpty has at least a few honest folk working for him.. tho who knows how long this one will last?

The economy, from one of his team:

posted March 13, 2017 02:53 PM            

CNBC is just a shill operation for leftist lunatic democrats. CNBC's John Harwood got his clock cleaned for trying to influence the debate with asinine questions...and arguing with debaters. CNBC never recovered their credibility, nor did John Harwood. CNBC is just another of the lunatic NBC fake news central team.

‘Everyone Feels Pretty Embarrassed’: CNBC Moderators’ Long Flight Back to New York

Tré Goins-Phillips 
Oct 30, 2015

Shortly after Wednesday night’s CNBC Republican presidential debate, criticism of the network began to pile up and the debate moderators were starting to feel the heat on their chartered flight back to New York.