“Recession canceled: US industrial production jumps to high records.” This was the title in the zero hedge website this morning. Often ignored, industrial production is an importantly significant supply-side indicator of the health of the economy. The February Index went to 104.2, bus topping in the previous record registered during Donald Trump’s first term at the end of 2018. This is even better when you see under the hood of the production index.
Manufacturing in nine-tenth part of 1% led to motor vehicles and parts led to an incredible 8.5% for the month. High tech output in February rose 1.4% and now more than 26% at the annual rate in the last 3 months. And then business equipment, which is very important, was 1.6% in February and about 24% per annum in the last 3 months.
Former Trump’s counselor Kelinen Conway pushed ‘Kudlo’ to expand the Tax Cuts and Jobs Act.
The huge advantage in February commercial devices can be well operated by the expectations of return to 100% immediate expansing, including the construction of the factory-a new ad-on wrinkle for the pro-development program of Trump. It is also possible that foreign investment is adding torque to manufacturing and equipment number-in front of the announcement of the reciprocal trade policy of the Tramp.
The mess here is that many domestic companies are pursuing trade policy by stocking on foreign imports in January-which will technically press the GDP. But when you see production, manufacturing and business equipment growing, it shows an original Healthy supply of economyAnd the demand side was also in February, as great as Core retail sales number jumped 1% and now in the last 3 months is running 3.8% annually.
Additionally, housing increased by more than 11%in February. In recent years, the housing is in a recession and the Trump administration has launched a major deragulation scheme to free the land and has somehow stopped the areas of the blue state from shutting down any new construction. but at least The mortgage rates have fallen About half a percentage points up to 6.6% – and it can increase some of a housing rebound. And what is more, the reading of inflation for February came towards everyone.
Steve Moore, the host of ‘Moore Money’, says he is ‘very fast’ on the economy and breaks the impact of Trump tax cut on ‘Kudlo’.
Of course, liberal journalists are emphasizing a quote “Tariff is a disaster” storyWe are going in a recession that they say. Not waiting for a minute, inflation they are going to go to the sky-high. No one hangs, it is a tariff that is destroying the stock market. Indeed, all these unproven principles are likely to be very wrong. Even though liberals are working so hard to stay sticking to Trump.
Oh, a final idea: Republican should move forward in the House and Senate On tax deduction programThis will immerse the recession once and for all.
