Trump Turns His Attention To His Own Political Survival

With the midterms behind him, Trump dives into a reelection campaign facing a Democratic House, political gridlock — and special counsel Robert Mueller’s Russia probe.

As president Donald Trump absorbed Tuesday night’s mixed election returns, two key allies were by his side in the White House: one of his 2016 campaign managers, Corey Lewandowski, and the man who will run his 2020 reelection bid, Brad Parscale.

The two men attended what the White House billed as a midterm watch party. But the presence of Lewandowski and Parscale underscored that it may have more accurately been described as the unofficial kickoff of Trump’s 2020 campaign. As guests snacked on hamburgers and hot dogs, the president was surrounded not just by the political aides who will orchestrate the effort but also by some of the donors expected to underwrite it, including Las Vegas casino magnate Sheldon Adelson, Marvel Entertainment CEO Ike Perlmutter, and fracking billionaire Harold Hamm….

>>> continue reading: Trump Turns His Attention To His Own Political Survival

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What Gridlock Means For The US Economy: Goldman Sachs Explains

For once the pollsters were – generally – right, and while there was no blue wave, Democrats did win the House majority as most predicted, as Republicans not only kept the Senate majority but gained a few additional seats. The outcome, which had been extensively analyzed in advance, can be summarized in one word: gridlock.

Here, as explained by Goldman’s political economist Alec Phillips, is what the US divided congress, i.e., gridlock, means for the US economy, and for US policies for the next several years….

>>> continue reading: What Gridlock Means For The US Economy: Goldman Sachs Explains

Midterm Elections: Your Complete Guide To What The Vote Means For Your Money

  • Scenario 1 (Most likely): Democrats take control of the House, while Republicans keep a slim majority in the Senate
  • Scenario 2: (Second most likely): GOP holds control of both chambers
  • Scenario 3: (Least likely): Democratic sweep
  • Each outcome would lead Congress to pursue different policy initiatives and would have widely different implications for the market and individual stocks and sectors.

The midterm elections Tuesday have huge stakes not only for the future of health care, taxes and immigration, but also for the U.S. economy and investors….

>>> continue reading: Midterm Elections: Your Complete Guide To What The Vote Means For Your Money

HERE IT IS: Complete List Of President Trump’s Accomplishments In The Two Years Since His Historic 2016 Election Win

In the two years since the 2016 Presidential election, President Donald J. Trump amassed numerous successes.  His efforts are arguably the best of any President during this relative time period in spite of massive headwinds from the corrupt prior administration, the Fed, the Democrat Party and their MSM!

Below is a list of President Trump’s major accomplishments….

>>> continue reading: HERE IT IS: Complete List Of President Trump’s Accomplishments In The Two Years Since His Historic 2016 Election Win

Why Public Debt Is A Problem — And Trade Deficits Aren’t

As the U.S. trade deficit has been widening for the fourth month running, markets and business experts appear once again bewildered by the events and unsure how to react to them. On the one hand, they had vehemently opposed the increase in trade tariffs and the trade war that has made headlines this year. But on the other hand, they now find that U.S. trade deficit reaching its largest level on record — the precise deficit tariffs purported to narrow — is very worrying. Furthermore, as they scramble to adjust their costs and production plans to the increasing uncertainty of world trade relations — including here not only U.S.’s trade disputes with China, but also UK’s planned exit from the EU and the fraught relationships at the WTO — global companies are also paying less attention to the Fed’s and other central banks’ monetary policies….

>>> continue reading: Why Public Debt Is A Problem — And Trade Deficits Aren’t

Next, President Donald Trump Should Tackle America’s Overvalued Dollar

U.S. manufacturers, farmers and consumers suffer when currency imbalances favor overseas competitors and Wall Street financiers

President Trump’s decisive actions on trade with China are a long time in coming because  U.S. manufacturers have struggled for years against heavily subsidized competition from China.

And whether it’s hefty industrial subsidies, currency undervaluation, intellectual property theft, or the dumping of steel and other products, it’s clear that China has stacked the deck against U.S. producers….

>>> continue reading: Next, President Donald Trump Should Tackle America’s Overvalued Dollar

‘Where Do We Have Tariffs?’ Trump Asks. He’s Got A Point

Donald Trump threw financial pundits back on their heels this week when he told the Wall Street Journal, “We don’t have tariffs anywhere.”

The financial press has obsessed over tariffs for most of the year, first declaring that the tariffs were a tax on consumers and would cost Americans jobs. And when those predictions did not pan out–consumer price levels are in line with the Fed’s target and layoffs are at record low levels–carefully looking for and extensively reporting anecdotal evidence of claims not supported by data.

President Trump’s comments to the Wall Street Journal, however, went even further….

>>> continue reading: ‘Where Do We Have Tariffs?’ Trump Asks. He’s Got A Point

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