Author Topic: The Trump boom arrives  (Read 722 times)

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Offline Right_in_Virginia

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The Trump boom arrives
« on: September 12, 2017, 03:45:14 pm »
The Trump boom arrives
Washington Times, Sep 10, 2017, Stephen Moore

Anyone noticed through the fog of Russia, Comey, Charlottesville, and now two monster hurricanes that the U.S. economy is booming faster than any time since the late Clinton years?

It is undeniable. And the pace of improvement is quickening. In the last year of the Obama administration, the economy was decelerating with a dismal 1.6 percent growth rate. The economy revved up to a three percent growth rate in the April-June 2nd quarter this year, which is a nice bounce but still not a great number.

A preliminary sneak peek at the current 3rd quarter GDP by the Atlanta Federal Reserve Bank, estimates an even brisker 3.4 percent growth.

It’s easy to read too much into short term trends and, yes, they can turn on a dime. But the new bounce in the step of the economy is confirmed by many other indicators, almost all of which point straight north.

The Dow Jones industrial average is up over 3,000 points (starting with the 700 point rally the day after the election) and the net wealth of Americans — mostly through their pension funds — has increased by more than $4 trillion.

In August the University of Michigan, which tracks consumer sentiment, reported that confidence soared to near its highest level in at least a decade. Other surveys by the NFIB and the National Association of Manufacturers find that confidence for their members is hovering at near record highs.


More:  http://www.washingtontimes.com/news/2017/sep/10/donald-trump-gives-the-economy-a-boost/