And The Trump Economy Keeps Getting Better And Better

November 28, 2019

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And The Trump Economy Keeps Getting Better And Better — *Image by* *DonkeyHotey*

The equity markets under the Trump presidency are the gift that keeps on giving. U.S. equity indices hit new highs today in spite of rumors that the 'trade deal' is in trouble over Trump's signing of legislation supporting pro-democracy protesters in the Chinese enclave of Hong Kong.

Durable goods also came in at a gain of 0.6% vs a consensus estimate of -0.8%, driving markets higher.

Third quarter gross domestic product for the American economy was revised upwards to 2.1% from a previous reading of 1.9%.

“Outlooks generally remained positive with some contacts expecting the current pace of growth to continue into next year,” wrote the Federal Reserve's 'Beige Book' economic report.

We at CD Media don't believe the markets are rallying on expectations of a trade deal with the Chicoms but rather with the prospect of Trump's re-election which looks more and more likely.

Author

CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."