News Roundup! Lies, Lies & More Lies About the Economic Train, Video With Wilbur Ross & Peter Navarro, Germany’s Economy Is Drowning, Philadelphia Shooter Surrendered, PM Trudeau Is In Some Serious Trouble…..

The talking heads decided that yesterday was the day they would take their BS guns and point them at our Economic Train.

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The Economic Train today decided to throw a MOAB on their collective heads. Our LION came out and put a BIG SMILE on her face!

THERE WILL NEVER EVER BE A RECESSION UNDER PDJT!

I decided to wait to right this because a major economic indicator was going to be released earlier today.

Here is the definition used to indicate when a country is in a recession.

Well here is the data!

From the article linked above:

The advance estimate for U.S. retail sales came in at $523.5 billion in July, an increase of 0.7% (±0.5%) and more than double the consensus forecast.

  Prior Revised Consensus Forecast Forecast Range Actual
Retail Sales – M/M ∆ 0.4% 0.3% 0.3% -0.3% to 0.5% 0.7%
Retail Sales less autos – M/M ∆ 0.4% 0.3% 0.4% -0.2% to 0.6% 1.0%
Less Autos & Gas – M/M ∆ 0.7% 0.6% 0.5% 0.4% to 0.5% 0.9%
Control Group – M/M ∆ 0.7%   0.3% 0.3% to 0.3% 1.0%

In another indication of strong consumer spending, U.S. retail sales are 3.4% (±0.7%) above July 2018. Total sales for May 2019 to July 2019 were up 3.3% (±0.5%) from the same period a year ago.

Retail trade sales were up 0.6% (±0.5%) from June 2019, and 3.4% (±0.7%) a year ago.

Non store retailers were up 16.0% (±1.4%) and miscellaneous stores were up 6.0% (±4.6%) from last year.

From the article linked above:

The New York Federal Reserve’s Empire State Manufacturing Survey unexpectedly ticked slightly higher (0.5) in August to 4.5, beating the forecast. New orders increased after two straight months of declines.

  Prior Consensus Forecast Forecast Range Actual
General Business Conditions Index – Level 4.3 2.5 -2.5  to 6.0 4.8 

The new orders index climbed back above zero to 6.7. The shipments index increased slightly to 9.3. Unfilled orders fell for a third straight month, while delivery times were steady and inventories rose for the first time since April.

70% of our quarterly and annually real GDP rate comes from consumer spending.

For the MORONS that are wishing for the worst for our economy, this right here is why you will never ever achieve your dreams.

MONEY TALKS AND BS WALKS!

From the article linked above:

Monthly reports on the number of new jobs and the unemployment rate can drown out important trends like these two: After four decades of worsening, wage inequality has started shrinking. And in a twist, America’s blue-collar workers are playing the biggest role in driving that reversal.

This may come as a surprise, because education is classically seen as a ladder up the income scale. Despite blue-collar workers often lacking college degrees, their wages have been accelerating faster than those of their white-collar counterparts.

For example: In the past three years, white-collar workers, the sector that the Bureau of Labor Statistics classifies as “Management, Professional, and Related Occupations” and which encompasses 40% of the workforce, have seen their wages grow by nearly 7.5%. During the same period, all other workers, a group composed almost entirely of noncollege grads, have seen their paychecks grow by about 10 percent. 

Moreover, that wage jump has reached not just traditional working-class mainstays, where men make up the majority. It also has reached many workers in women-dominated blue-collar jobs — for example, health support workers and personal care workers. 

From the article linked above:

Big picture: The steady pace of consumer spending at local retail stores and Internet sites is a reassuring sign for a U.S. economy that’s facing mounting hurdles, particularly a festering trade dispute with China that’s sent Wall Street stocks tumbling. Economic growth has slowed around the world and that could also spell trouble at home.

The saving grace for the economy is a healthy labor market and low unemployment rate that’s given households enough confidence to spend at levels sufficient to keep the U.S. out of recession.

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Our KILLERS know the truth!

Commerce Secretary Wilbur Ross appeared (in studio) on CNBC to discuss the current state of the U.S. economy, the ongoing issues with communist China, the ‘next step’ trade tariffs and the situation in Hong Kong.

I can listen to Peter Navarro speak all day and night! He is an ASSASSIN. He has had his eyes on China for a very long time.

He appeared on Fox News to discuss the status of the U.S-China trade negotiations and the reason for a USTR delay on some product tariffs.

Keep the following in mind about Wall Street and the Federal reserve.

50% of all companies manufacturing in China are U.S. owned multinational corporations. Those companies don’t want tariffs to succeed in disrupting their supply chain. As a consequence those Wall St. Corps also don’t want lower U.S. Fed interest rates designed to combat China’s currency devaluation.

Lets take a look at the most powerful economy in Europe. Germany is as close as one can be to a damn RECESSION!

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https://www.bbc.com/news/business-49342012

From the article linked above:

A decline in exports dampened growth, according to official data, which comes amid concerns of a global slowdown.

Gross domestic product (GDP) fell by 0.1% compared with the previous quarter, according to the Federal Statistics Office.

That takes the annual growth rate down to 0.4%.

Germany, Europe’s largest economy, narrowly avoided a recession last year.

In other news, the armed standoff between Philadelphia police and a suspect who shot six officers ended shortly after midnight when Maurice Hill, 36, a local man with a lengthy history of gun convictions, surrendered to authorities.

From the article linked above:

Police sources identified the gunman in a standoff at a Tioga apartment building that left six police officers injured as Maurice Hill, 36, a Philadelphia man with a lengthy history of gun convictions and of resisting attempts to bring him to justice.

After Hill’s surrender, Johnson said in an interview with CBS3 that Hill called him around 8:30 p.m. on his personal phone “in a panic.”

“I told him, ‘you gotta surrender, man,’” said Johnson, who added that he has known Hill for about a decade.

Public records show that he has been arrested about a dozen times since turning 18, and convicted six times on charges that involved illegal possession of guns, drug dealing, and aggravated assault. He has been in and out of prison; the longest sentence handed him came in 2010, when a federal judge gave him a 55-month term.

And, his record would indicate, he does not like to go to prison. In 2008, he was convicted of escaping, fleeing from police, and resisting arrest. Along the way, he beat criminal charges on everything from kidnapping to attempted murder.

The POS from Canada was slapped across the face with reality yesterday. This comes with only two months left before Canada votes on their next PM.

The Canadian Office of Ethics completed their investigation of PM Justin Trudeau and whether he inappropriately used his office to influence and pressure the Canadian Attorney General to drop criminal charges against a political ally and donor, SNC-Lavalin.

Section 9 of the Canadian Ethics Act prohibits “public office holders from using their position to seek to influence a decision of another person so as to further their own private interests or those of their relatives or friends, or to improperly further another person’s private interests.”

The investigation found:

Prime Minister Trudeau used his position of authority over Ms. Wilson‑Raybould [AG] to seek to influence, both directly and indirectly, her decision on whether she should overrule the Director of Public Prosecutions’ decision not to invite SNC-Lavalin to enter into negotiations towards a remediation agreement.

Therefore, I find that Mr. Trudeau contravened section 9 of the Act.”

The POS ran to the cameras to defend himself.

The MSM in Canada absolutely loves the POS. They will do everything in their power to cover for him. The people of Canada will ultimately have to choose on October 21st. They better choose wisely.

Meanwhile, we will never lose under PDJT!

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