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Nationalist Pundit

America First and Always!

Blog posts : "Economy"

US-China Trade Deal Signed

President Donald J. Trump signed Phase One of the new US-China trade deal today.  An elaborate ceremony at the White House marked the occasion.  A bevy of official Washington, Big Business, and a delegation of Chinese led by their Vice Premier attended the signing.  President Trump was in a jovial mood, poking fun at many of the American politicians and business leaders in the room.  He even had some fun with Fox Business Channel star, "The Great Lou Dobbs"!  Phase One of the new US-China Trade Deal will guarantee upwards of $225 Billion dollars of China purchasing U.S. exports.  About $50 Billion dollars worth of agricultural products, energy, and services, along with some $75 Billion in manufactured goods.  China will also crackdown on intellectual theft, counterfieting and ease forced technology transfers.  They will also reduce their currency devaluation.  America will maintain a 25% tarfiff on some $250 Billion dollars worth of Chinese imports into the United States.  On another $350 Billion in imports, the current 10% tariff will be lowered to 7.5%.  These tariffs will remain in place until the Phase Two trade deal is reached, which may not be till next year.

 

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November Jobs Report 2019

The jobs report for November, 2019, came out yesterday, showing more growth for the Trump economy.  Some 266,000 new jobs were added last month, much higher than the expected 180,000.  The national unemployment average fell from 3.6% to 3.5%, the lowest numbers in 50 years.  The Bureau of Labor Statistics jobs report also showed that wages have increased about 3.1% in the past year, to an average hourly rate of $28.29 per hour.  The previous jobs reports from September and October were increased 40,000 jobs now that the GM strike is concluded.  Just about every sector of the economy is showing growth.  No wonder House Democrats are trying to impeach President Donald J. Trump, since his strong economic policies are making America great again!

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Book Review - The Case For Nationalism By Rich Lowry

Happy am I when I get to do a book review for a work I agree with 90% or more!  Such is the new book by Rich Lowry, "The Case For Nationalism:  How It Made Us Powerful, United, and Free".  Published by Broadside Books, an imprint of Harper Collins, Lowry does an excellent job laying out his argument.  Now, I will admit that when I first opened the package when then book was delivered, I was skeptical.  Rich Lowry is an editor for the National Review, a publication which was largely anti-Trump in 2015-16.  However, Lowry, to his credit, did not sign the 'Never Trump' declaration the magazine issued.  Lowry has some issues with our President, such as his tone and tweeting, but Lowry apparently likes Trump's policies, as well he should.

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October 2018 Jobs Report, More Winning

by Andrew Zarowny, 11/03/2018

 

Somebody better make Barbara Streisand some pancakes! The October 2018 jobs report came out on Friday and had more great news for America and President Donald Trump. About 250,000 new jobs were added, including over 30,000 high-paying jobs in manufacturing. A sector which Barack Obama said would never do well again. The National Unemployment Average remained at 3.7%, despite some 600,000 long-term unemployed returning to the work force. The numbers from the Bureau of Labor Statistics also showed that wages were up some 3.1%.

 

 

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Stocks Dive On 1st Day Of New Fed Chair

Yesterday was a rough one on Wall Street as the Dow Jones plunged some 1,175 points, setting a new record for biggest, one-day losses. At one point, the Dow was down almost 1,600 points. However, given the value of the Dow, the loss only amounted to a 4.6% dip, not even making the top 5 in history. All of this comes as Jerome Powell took the oath as the new Chairman of the Federal Reserve Bank. Historically, it is normal for the markets to dip when a new Fed Chair takes over. Most analysts are not too concerned about yesterday′s sell off, as the overall economy is in very good shape. Even the manufacturing index hit a new record high at 59, 2 points higher than expected.

 

 

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Bitcoin Futures Launched, Crypto-Currency Mania

On Sunday, the Chicago based Cboe Global Markets exchange launched Bitcoin futures trading. By close of markets on Monday, Bitcoin futures settled at $16,680 after flirting over $18680. Bitcoin is an alternative currency, digitally based created in August of 2008 by Satoshi Nakamoto. At that time, it had essentially zero value. Throughout most of the next several years, you could ′buy′ as many as 3 to even 33 Bitcoins for just $1US. But, the digital currency began to catch on as some retailers and smaller banking services began to accept them as cash. By 2013, 1 Bitcoin was worth over $260. It even briefly spiked in 2014 at around $1,200. The controversial currency ebbed and flowed for the next several years from about $60 to $1,500. Today, some say it is worth at least $2,000 a ′coin′. While many ′experts′ say that Bitcoin is a Ponzi scheme, a fraud, or at the very least, a ″speculative bubble′, others claim that Bitcoin is the future and could be worth as much as $250,000 each by 2020.

 

 

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North Korea Plans Launching Missiles At Guam

Reports from various sources indicate that North Korea may be planning to launch 4 missiles towards the island of Guam. Kim Jong Un wants to defy America and the world by launching four of its Hwasong-12 IRBM, Intermediate Range Ballistic Missiles, to a point some 20 miles off the coast of Guam, some 2,100 miles away. Guam, part of the United States Protectorate of the Marianas Islands, is home to some 160,000 U.S. citizens, as well as a military base with over 6,000 personnel. According to the reports, this provocative action could take place as soon as within the next week.

 

 

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Not Tired Of Winning, Trump Economy Surges

Monday marked the 9th, straight day of the Dow Jones breaking another record high, blowing well past 22,100. This was the 35th record high since President Donald J. Trump took office and nearly 60th since his being elected last November. Since November 8, 2016, the Dow Jones Industrial Average has increased some 15.6%. All of the major American markets have surged over 12% since the election. The latest Jobs Report for July, 2017 was higher than expected with over 209,000 new jobs created. Unemployment has fallen to a 16-year low of 4.3%. The Labor Participation Ratio has increased to a 16-year high, indicating more Americans are employed than ever before in the 21st Century!

 

 

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