Trump warns of Stock Market crash if he loses in 2020

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President Trump warned of a stock market crash if he lost the election in 2020. The Trump Economy is setting records, and has a long way up to go….However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which has not […]

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2008: Federal Reserve policies leading to income inequality

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According to a new study the richest 10% control 70% of America’s wealth. Market Watch: The rich are getting richer. It is a refrain that has certainly been uttered before, and likely will again, as Deutsche Bank Securities’ chief economist points out that the gap between the haves and have-nots in the U.S. is, indeed, […]

April! Two key 2020 states hit record low unemployment

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Two major swing states hit a record low in unemployment in April. CNBC: Along with the new low for Vermont, Pennsylvania at 3.8% and Wisconsin’s 2.8% set new standards for state unemployment as indicated by records that go back to 1976. Pennsylvania and Wisconsin’s fortunes are significant in that they will be key swing states […]

Trump’s tariffs making businesses shift supply chains from China

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Trump’s tariffs are making businesses begin to shift there supply chains from China. Washington Examiner:  Whether President Trump is bluffing or stating his honest opinion that he is comfortable with permanent tariffs on Chinese goods, businesses are increasingly deciding they need to start planning for the tariffs to be around for a long time. “In […]

2016! Over 50M Americans paid ZERO or less in Income Taxes

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Over 50 Million Americans paid zero dollars or less in Income Taxes in 2016. CNS: Of the 150,272,157 tax returns filed for the 2016 tax year, 50,219,667—or 33.4 percent–were classified by the Internal Revenue Service as “nontaxable returns,” meaning the people who filed them paid $0 or less in income taxes, according to data published by […]

POLL! 7 out of 10 say economy is in ‘good shape’

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According to a new CNN Poll, 7 out of 10 Americans view the economy as in ‘good shape’.(It is important to recognize that only 51% approve of Trump’s handling of the economy) CNN: Americans give the nation’s economy glowing reviews in a new CNN Poll conducted by SSRS, and Donald Trump’s approval rating may be […]

Who is right? ADP claims 183k jobs created in Feb while BLS says only 20k

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The number of Jobs created is not clear due to a major discrepancy between the ADP and BLS. BLS claimed only 20,000 jobs were created: The economy added 186,000 jobs on average each of the past 3 months, but only 20,000 in February, the 101st straight month of job growth. Statistical noise or evidence of […]

Amazon paid a -1% federal tax rate last year

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According to a progressive think tank, Amazon paid a -1% federal tax rate last year, which is less than the bottom 20% of Americans did in 2015. Chicago Tribune: Amazon, the e-commerce giant helmed by the world’s richest man, paid no federal taxes on profit of $11.2 billion last year, according to an analysis of […]