Unemployment Below 4% While Economy Booms; Democrats Have Identity Crisis; China is Too Weak to Win Trade War Against US

Unemployment Below 4% While Economy Booms; Democrats Have Identity Crisis; China is Too Weak to Win Trade War Against US

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In-Brief

  1. The US unemployment rate again falls below 4% and the economy booms.
  2. The US and China trade war is one that China is too weak to win. The US can both lose and win in a major trade war with China.
  3. China once again adds to its already huge debt burden threatening a burst of its financial bubble.
  4. The Democrats are in a major civil war and have an identity crisis that cannot be resolved before the November elections or before the 2020 elections.
  5. The absence of an unpopular war, an economic boom, and relatively high satisfaction among voters about the direction of the country, all suggest that a Democratic Blue Wave in November is unlikely.
  6. PREDICTION: The Democrats will gain 5 to 15 US House seats in the midterm elections.
  7. PREDICTION: The Democrats will lose 4 to 7 US Senate seats in the November elections.
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Blowout Increases in GDP and Personal Savings; Major Trade Deal with Europe; A Financially Fragile China Adds More Debt

Blowout Increases in GDP and Personal Savings; Major Trade Deal with Europe; A Financially Fragile China Adds More Debt

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In-Brief

  1. The US economy grew at a robust 4.1% in the latest quarter.
  2. US household savings rates jumped in unexpected good news, especially as consumer spending is also strong.
  3. The US and Europe agreed to seek a trade deal reducing tariffs and barriers to free, non-predatory trade.
  4. China once again adds to its already huge debt burden.
  5. PREDICTION: The Democrats will gain 5 to 15 US House seats in the midterm elections.
  6. PREDICTION: The Democrats will lose 4 to 7 US Senate seats in the November elections.
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Trump in Europe – The Good, Bad, and Really Ugly; With the Economy Great – Republicans and Democrats Name Immigration Most Important Problem

Trump in Europe - The Good, Bad, and Really Ugly; With the Economy Great - Republicans and Democrats Name Immigration Most Important Problem

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In-Brief

  1. Trump in Europe…the Good [truth-telling] …Bad [bluster]…and the Ugly [Putin press conference].
  2. Times are so good that Americans tell Gallup that unemployment and war on terrorism do not top the most-important-problem list. Immigration does.
  3. California Democrats endorsed an up-and-coming progressive over party stalwart Diane Feinstein as the progressive v. establishment civil war rages.
  4. Mystified or apoplectic over Trump’s foreign policies? Watch his actions and downplay his words, especially when they are extemporaneous.
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Trump Rampages Across Europe; Putin’s Russia is a US Enemy; Kavanaugh Confirmation Vote Challenges Vulnerable Democrats

Trump Rampages Across Europe; Putin's Russia is a US Enemy; Kavanaugh Confirmation Vote Challenges Vulnerable Democrats

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In-Brief

  1. Trump rages through Europe in a loud, obnoxious manner, but he tells truths that should be told.
  2. Putin’s Russia is an enemy of the US, but it is also weak and vulnerable economically.
  3. Judge Kavanaugh is likely to be confirmed to the Supreme Court after a very ugly and unfair partisan process. Red-state Democratic Senators up for re-election will be damaged in the process.
  4. China re-opens the debt floodgates.
  5. Congressman Jim Jordan [R-OH] is highly unlikely to become the next Speaker of the House.
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Blockbuster Jobs Report!; N Korea Denuking Process On-Target or Collapsing?; Justice Kennedy Replacement Fireworks; Who Speaks For The Democrats?

Blockbuster Jobs Report!; N Korea Denuking Process On-Target or Collapsing?; Justice Kennedy Replacement Fireworks; Who Speaks For The Democrats?

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In Brief

  1. Secretary of State Michael Pompeo reports the process of denuclearizing N Korea is progressing after several days of talks in N Korea. By contrast, the N Koreans describe US demands as “regrettable.” Who is lying or posturing?
  2. It is now unclear who speaks for or will lead the Democratic Party.
  3. Justice Kennedy’s retirement sets off a bitter battle over his replacement. Trump will announce his choice today.
  4. Maxine Waters, many Democrats, and their allies continue to advocate incivility, political terrorism, and repression against Republicans. This is generating conflict within the Democratic Party and adding to the progressive versus establishment civil war.
  5. Political populism sweeps the globe driving out left-wing and right-wing establishments.

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Abolish ICE, The US Immigration and Customs Enforcement Agency? Totally Open Borders?; Kennedy Retirement Sets Off Epic Battle!; Waters and Democrats Want Incivilty and Political Terrorism as Weapons?

Abolish ICE, The US Immigration and Customs Enforcement Agency? Totally Open Borders?; Kennedy Retirement Sets Off Epic Battle!; Waters and Democrats Want Incivilty and Political Terrorism as Weapons?

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All of you now subscribed will continue to get free versions of the TR Headlines and In-Brief sections. To get the details and the In-Depth section, a paid subscription will be required... STARTING TODAY... Monday July 2nd, 2018. To get to the full report today, you will either need to login or subscribe to the blog.

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In-Brief

  1. Many Democrats propose open borders and abolishing ICE, the Immigration and Customs Enforcement agency. Completely open borders?
  2. Justice Kennedy retires, setting off a bitter battle over his replacement.
  3. Maxine Waters, many Democrats, and their allies advocate incivility, political terrorism, and repression against Republicans.
  4. The US Supreme Court makes numerous important decisions.
  5. The progressive v. establishment civil war in the Democratic Party explodes.
  6. Trump’s influence on the post-Trump Republican Party will be limited.
  7. The European Union’s integration is threatened by its own migration crisis.
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Trump talks North Korea, China, the Charlottesville Tragedy, and Steve Bannon

NO, the sky did not fall today with the eclipse and probably will not anytime soon on the planet either—just a tongue-in-cheek caution not to overreact to the news

In Brief

  1. President Trump gave a clear thoughtful address Monday night outlining a new strategy for Afghanistan, South Asia and the fight against terrorism. It was remarkable for his recognition that what a President comes to know and consider when in the Oval Office is a great deal different than what any candidate or outsider understands.
  2. Both N Korea and China “blinked” this week in their confrontations with the US over nuclear weapons, ballistic missiles and trade.
  3. China’s foreign and domestic policy moves point more and more to their fear of an economic “hard landing” with their real estate and debt bubbles bursting. The US could easily cause such a downturn with aggressive trade moves but appears to be emphasizing more its need for help with N Korea at the current time.
  4. The Charlottesville tragedy is just that, but the aftermath is far less clear than being portrayed in the media. The power to prohibit “hate speech” means the end of free speech. All need to consider what that portends. Especially crucial is the question, “who will define ‘hate speech’”? It won’t be University administrators, faculty or students. It will be politicians and judges. Is a Facebook post by a black Missouri state senator hoping Trump is assassinated “hate speech”? Would a Twitter post from a KKK leader hoping for the assassination of Elizabeth Warren, Bernie Sanders or Barack Obama be “hate speech”. Think about it.
  5. A Marist Poll for NPR and PBS shows 62% of Americans think “statues honoring Confederate leaders should remain as an historical symbol” and 27% think, “they should be removed because they are offensive to some people”. Surprise you?
  6. Steve Bannon is out at the White House and back at Breitbart News.
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