Will real growth improve under the Trump Administration? Not if the Fed and the left can prevent it!

The tweet caught my eye: Even if the economy grows at a modest 3% over the next few years, Trump will likely be able to take a victory lap. https://t.co/DWoHMJPa1S — CNNMoney (@CNNMoney) March 22, 2017 Modest? By long-term historical standards, certainly, but the professional economists, including the Federal Reserve, seem to think that roughly …

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The Fed and its economic biases

We have frequently noted how poorly the Federal Reserve has done on its economic prognostications. Now, The Wall Street Journal catches up with us: The Fed Is Stuck in the Past With Its Forecasts of the Future Recent economic forecasts that have missed the mark suggest a flaw in the central bank’s approach By James …

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The problem of remittances

From CNNMoney: I send money home to Mexico to support my family by Patrick Gillespie | March 20, 2017: 12:16 PM ET Dalia Maldonado is considered a life saver by her family and friends in Mexico. She paid for her father Francisco’s knee surgeries. She pitched in $400 for her friend Esmeralda’s leukemia treatment. And …

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Why the enforcement of immigration laws should please the left

From eater.com, a food and restaurant site: How Immigration Raids Destroy the Lives of Food Workers Comparing the tactics of Trump’s administration to the Bush era by Tove Danovich | March 16, 2017, 2:02pm EDT On February 22, 2017, exactly 55 unauthorized workers1 went missing from Mississippi restaurants after Immigration and Customs Enforcement agents (ICE) …

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A good start: the President’s FY2018 budget blueprint

From CNN: Trump releases $1.1 trillion ‘hard power budget’ with cuts to State Dept, EPA By Dan Merica | Updated 7:29 AM ET, Thursday, March 16, 2017 (CNN)President Donald Trump released a $1.1 trillion budget outline Thursday that proposes a $54 billion increase in defense spending corresponding cuts to non-defense spending at the State Department, …

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The #idesOfMarch : What a perfect day for the Fed to stab President Trump in the back!

As previously noted, the Fed are raising interest rates: Fed raises rates, signals more to come in 2017 by Patrick Gillespie | March 15, 2017: 2:33 PM ET The Federal Reserve raised its key interest rate by 0.25 percentage point on Wednesday. It was just the third time that the Fed has increased rates since …

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Will the Federal Reserve openly fight President Trump’s economic policies?

The United States’ gross domestic product grew by a paltry 1.6% in 2016, the worst year since 2011, and that growth rate was lower than the Federal Reserve Board’s projection of a 1.9% growth rate, made when the year was already 11½ months over. The growth rate for just the fourth quarter of 2016 was …

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The #DefiantGirl statue

From CNNMoney: Fresh evidence women are better investors than men by Heather Long | @byHeatherLong | March 8, 2017: 3:45 PM ET Have you seen the statue of the “fearless girl” facing the Wall Street bull? State Street Global Advisors put up the statue to mark International Women’s Day and it’s getting a lot of …

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The February unemployment figures

From The Wall Street Journal: In Office, Trump Changes His Tune on Job Growth Numbers He Once Denounced Democrat Party chief says ‘Thanks, Obama!’ By Daniel Nasaw | March 10, 2017 | 12:44 pm ET President Donald Trump and his allies on Friday cheered a report that the U.S. economy had created 235,000 jobs in …

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Most economists oppose President Trump’s immigration policies

Heather Long tweeted: Over 200 economists disagree with Trump on immigration, NAFTA and the debt, according to @business_econ survey https://t.co/AOgvIItBU2 — Heather Long (@byHeatherLong) March 6, 2017 To which I responded: Would those be the same economists who predicted a stock market decline if Trump won? https://t.co/be9JYutNZv https://t.co/E2Jaypbxi1 — Dana Pico (@Dana_TFSJ) March 6, 2017 …

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