Don’t Let the MSM Convince You That Our Economy Is In Trouble Because Of the February Jobs Report…..

The MSM will spin today that our Economy is struggling because only 20,000 jobs were created in the month of February. What they won’t highlight is the fact that Wage Growth increased by 3.4% in the month of February. That is a HUGE number.

Americans have more money in their pocket to save and/or spend.

 

 

 

 

Also the Unemployment Rate is once again under 4%.

 

The Labor Participation Rate held at 63.2%. Matching the highest rate since August 2013.

 

 

 

 

Meanwhile China saw its markets drop 4.5% yesterday because of the sharp fall in exports in the month of February.

 

 

From the article linked above:

The Chinese stock market has had a great run the last 6 weeks, with multiple +1% gains, even as U. S. markets have recently stalled.  Last night, was a reality check as the SSE Composite Index (^SSE) had its largest decline this year, dropping -4.5%.

Again, trade is front and center, as fresh media reports overnight are tapping down expectations for a bullish conclusion to the U. S. – China trade negotiations.

 

From the article linked above:

  • China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing’s trade dispute with the U.S.
  • February dollar-denominated exports fell 20.7 percent, compared to an expected 4.8 percent fall.
  • February dollar-denominated imports fell 5.2 percent, compared to an expected 1.4 percent fall.
  • China’s overall trade surplus for the month came to $4.12 billion — much weaker than an expected $26.38 billion.

 

In Canada, they are on the cusp of a major recession!

Canada’s economy practically grinds to a halt — and nobody saw it coming

From the article linked above:

Canada’s economy practically came to a halt in the final three months of 2018, in a much deeper-than-expected slowdown that brings the underlying strength of the expansion into doubt.

The country’s economy grew by just 0.1 per cent in the fourth quarter, for an annualized pace of 0.4 per cent, Statistics Canada said Friday from Ottawa. That’s the worst quarterly performance in two and a half years, down from annualized 2 per cent in the third quarter and well below economist expectations for a 1 per cent annualized increase.

The European Central Bank is at a loss in terms of what they can do to stop the entire European Union from heading into a major recession.

https://www.cnbc.com/2019/03/07/global-debt-yields-sink-as-ecb-acknowledges-sick-european-economy.html

From the article linked above:

  • Investors fled to the relative safety of debt after the European Central Bank’s cut its GDP expectations
  • “While it was no surprise to us, the ECB has finally recognized how sick their economy is,” said Andrew Brenner of National Alliance.

Money managers sought the relative safety of government debt after the European Central Bank’s revised its euro area 2019 GDP expectations to 1.1 percent from 1.7 percent.

Mario Draghi didn’t try to sugarcoat the situation either, telling reporters Thursday morning that “the weakening in economic data points to a sizable moderation in the pace of the economic expansion that will extend into the current year.”

U.S. economic growth has thus far remained insulated from international economic turmoil in China and Europe, posting a gain of 2.6 percent in the fourth quarter of 2018.

AMERICANS AND MAIN STREET ARE WINNING!

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