The US Economy is BOOMING as the Chinese Economy is Collapsing

Another day and more signs that the US economy is continuing to take off while the Chinese economy continues to teeter.

From the article linked above:

The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey finds applications increased 13.5% for the week ending January 11, 2019. The Market Composite Index is now at its highest level since February 2018.

The seasonally adjusted Purchase Index increased 9% from one week earlier to its highest level since April 2010. The unadjusted Purchase Index increased 43% compared with the previous week and was 11% higher than the same week one year ago.

“Mortgage applications rose to their strongest level in years last week, with purchase applications rising to the highest since 2010, and refinance applications up to their highest level since last spring,” said Mike Fratantoni, MBA Senior Vice President and Chief Economist. “Uncertainty regarding the government shutdown, slowing global growth, Brexit, a more patient Fed, and a volatile stock market continued to keep rates from increasing.”

ENERGY DOMINANCE!

Loans are up meaning more and more Americans can get money to start their small businesses. DEREGULATION IS WORKING!

Meanwhile the Chinese Government is doing everything humanly possible to lift up their economy.

From the article linked above:

China’s central bank injected a record $83 billion into the country’s financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy.

China’s policymakers are pledging to step up stimulus measures this year and do more to protect jobs as economic growth cools to 28-year lows.

But a raft of measures last year from big rail projects to tax cuts seem to have had little impact so far, with recent data suggesting activity is cooling more quickly than expected.

“The news is clear – the economy needs help,” said Trinh Nguyen, senior economist for emerging Asia at Natixis in Hong Kong.

You won’t get any tears from Charles Payne about China’s woes!

Here is some more great news:

From the article linked above:

China is still the world’s No. 2 economy and is still the monster of emerging markets, but regardless of those bonafides, Xi Jinping’s country is losing the trade war in nearly every way imaginable.

The Shanghai Composite is down around 30% in the last 12 months. Only Turkey is doing worse.

The stock market is a terrible way to measure China growth. Investors know it. So they look to the economic data. Industrial production is still positive but in decline. Quarterly GDP growth is in decline. On Monday, China released weak exports data for the month of December.

“The Chinese trade numbers released today got all the alarm bells ringing,” says Naeem Aslam, chief market strategist for Think Markets in London and a Forbes contributor. “If you need any evidence how the trade spat is impacting a country’s economic health then look no further than China trade. The lower export number means lower jobs, which means another direct impact on the (Chinese) economy. Donald Trump can be pleased. His policies have brought China to its knees.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s