It is probably not a big surprise that the traditional liberal-left inheritance media do everything they can to paint a negative image of President Donald Trump’s economic policies.
Now we have gotten used to political media after Trump for years, with charges of false and erroneous conclusions.
But now the false news has spread to economic and commercial media. And it’s really a shame.
Renowned economists and economic journalists are smoothed on Trump, using prices like a stick to beat him over his head.
It’s like the Narration “ Russia, Russia, Russia ” has now come to economic coverage. And, remember, “Russia Russia Russia” turned out to be a big hoax.
Well, it is now “recession, recession, recession” – yet another hoax.
The prices will cause a recession. The prices will cause inflation. Prices lead to the stock market.
“Russia, Russia, Russia” – that’s what I read.
People need a filter to cross all this madness.
First of all, there is no recession.
In fact, John Carney de Breitbart points out that the job market is in fact stronger than economists thought it and that factory jobs come back. The JOLTS in January report shows 30,000 new manufacturing job offers and 30,000 new manufacturing hires. The rate of quit has increased. The S&P Global Manufacturing PMI has reached its best level since June 2022. The February employment report was solid.
Some generally renowned economists predicted a Bulging report in February in February due to prices. But the prices have not yet really triggered. And the report itself was lighter than expected, with the lowest number in several months.
And the benefits of companies, mother milk of actions and the cornerstone of the economy, always increase.
Bond yields and mortgage rates are actually decreasing. Oil prices too.
Former Treasury Secretary Steven Mnuchin said that “people are excessively reacting to Trump policies” and that he does not see signs of imminent slowdown in the American economy.
Let me quote my old friend. “I don’t think we are going to have a recession. I don’t think the prospects seem to have a recession”, ” He said to another network.
I think he’s absolutely right.
Short -term stock corrections come and go. But Trump policies are deeply pro-growth.
It aims to reprimand the economy – with tax reductions, deregulation, energy production and reciprocal trade policy.
When these policies are fully in place, there is a high growth potential of 3% or better, in parallel with reduced inflation.
And, with regard to the prices, let’s step back and see how this story takes place in the following six to twelve months.
Trump may well, the large negotiator, ends with much more prices reductions than the increase.
And, in any case, its commercial and personal tax reductions are, frankly, much more important for our economic future.
