We Are the Hottest Economy In the World

Our President and his Killers smell blood in the waters. President Xi saw the SOTU and the polling data that came out afterwards. He realizes that PDJT and his Killers aren’t going anywhere for the next six years.

We are three weeks away from the March 1st deadline. If a deal with China is not finalized, the 10% tariffs on $200 billion worth of imports will increase to 25%. That will absolutely kill the Chinese economy.

From the article linked above:

The U.S. is dispatching its chief trade negotiator, Robert Lighthizer, and Treasury Secretary Steven Mnuchin to Beijing early next week to continue trade talks as a March 1 deadline to reach an accord nears, a senior Trump administration official said Tuesday.

The senior official also said President Trump hasn’t yet committed to meeting Chinese President Xi Jinping—a shift from Mr. Trump’s comments last week. “I’ll be meeting with President Xi, maybe once and maybe twice,” the president said during an Oval Office…

If You Build It, They Will Come!

From the article linked above:

General Motors is posting an $8.1 billion net profit for 2018 as it got better prices for vehicles sold in the U.S., its most lucrative market.

The performance was far better than the previous year, when the company lost $3.9 billion after a giant tax accounting charge.

GM made $10.8 billion before taxes in North America, meaning big profit-sharing checks for about 46,500 union workers in the U.S. They’ll get $10,750 each, down from last year’s $11,500.

There is more WINNING that will have a Huge effect on our real GDP rate. Pay close attention to which side of the imports versus exports caused the deficit to narrow.

From the article linked above:

The U.S. trade deficit fell $6.4 billion to $49.3 billion in November, down sharply from $55.7 billion and easily beating the consensus forecast. It was the first decline in the U.S. trade deficit after 5 straight months of increases.

Forecasts ranged from $-55 billion to $-51.8 billion, with a $-54 billion consensus. The report is a net positive for fourth-quarter (Q4) gross domestic product (GDP).

The politically-sensitive U.S. trade deficit with China fell $2.8 billion to $35.4 billion in November. Exports fell $0.1 billion to $7.4 billion and imports declined $2.9 billion to $42.8 billion.

From the article linked above:

The decline was largely due to a slide in importswhich fell 2.9 percent to $259.2 billion. Exports edged lower to $209.9 billion, a 0.6 percent drop.

In all, the year-to-date goods and services deficit increased by $51.9 billion, a 10.4 percent rise from the same period in 2017. Exports rose $157.1 billion or 7.3 percent, while imports gained $208.9 billion or 7.9 percent.

On a broader level, the drop in the trade deficit will serve as a boost to fourth-quarter GDP.

Remember the impact of reducing the deficit had on our 2nd Quarter real GDP rate.

Guess what caused the revision upward by 0.2%?

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