Trump is not wrong about interest rates and the strong dollar, but does the Fed have any ammunition to do anything about it?

By Robert Romano Treasury yields flashed warning signs again with intraday inversions of the 10-year and 2-year treasuries as President Donald Trump blasted the Federal Reserve once again for acting too slowly to lower interest rates. “Germany sells 30 year bonds offering negative yields. Germany competes with the USA. Our Federal Reserve […]


Fake news: Marketwatch and Drudge are wrong, 500,000 jobs not lost in 2018, the economy created 2.2 million jobs last year

By Rick Manning You might have noticed some alarmist reporting from Marketwatch and the Drudge Report implying the economy lost 500,000 jobs last year. “JOB GROWTH REDUCED BY 501,000,” reported Drudge, linking to a Marketwatch report that was headlined, “U.S. created 500,000 fewer jobs since 2018 than previously reported, new figures […]


Trump should still seek a payroll tax cut – Here’s why

By Richard Manning To cut the payroll tax, or not to cut the payroll tax? That is the question facing President Trump. The president said Tuesday he was considering asking Congress to cut the payroll tax for individuals, but then on Wednesday told reporters that […]


Love President Trump or hate him, everyone including President Xi should be rooting for his China trade deal

By Robert Romano “Somebody had to take China on… This is something that had to be done. The only difference is I am doing it.” That was President Donald Trump talking to reporters during a visit by Romanian President Klaus Iohannis to the White House on Aug. 20, making the […]


Russia, racist, recession: The new fake news R words

By Rick Manning Magically and mystically, this minute the favorite “R” word of the Democrats has shifted from Russia to racist to recession in the blink of an eye — all falsehoods — as they desperately hope that the normal economic cycle turns prior to the Nov. […]


Up or down, President Trump owns the economy—and he has a lot to be proud of

By Robert Romano Right at the outset, let me say, you can’t talk down the economy. It’s either doing well, or it’s not, and by every measure, the Trump economy is doing just fine. Certainly, the numbers are better than in 2012 when former President Barack Obama […]


Why we should be worried about Alan Greenspan’s negative interest rate prediction. It might mean the end of capitalism.

By Robert Romano While the financial and political media were panicking about the 10-year, 2-year treasuries interest rate inversion and the possibility of a recession on the horizon, former Federal Reserve Chairman Alan Greenspan was making a few headlines of his own, predicting that U.S. treasuries’ interest rates could […]


No need to panic, the 10-year, 2-year treasuries spread was bound to invert eventually. But why did the Fed wait until after 2016 to hike rates?

By Robert Romano The 10-year, 2-year treasuries spread was bound to invert eventually. It’s been a full 12 years since the last inversion, after all, and a full 10 years since the last recession. Is anyone really surprised? The economy is not a perpetual motion machine . Still, that didn’t stop equities markets from […]


Deficit likely to come in just shy of $1 trillion in 2019, latest Treasury figures show

By Robert Romano With just two months remaining in fiscal year 2019, come Sept. 30, the U.S. budget deficit appears likely to come in just shy of $1 trillion, the latest data from the U.S. Treasury shows . From October through July, the deficit has already come in at $866.8 billion. The U.S. budget deficit […]


Trade in goods deficit with China down 10 percent first half of 2019, or $18.8 billion

By Robert Romano The U.S. trade in goods deficit with China is down 10 percent in the first six months of 2019, or $18.8 billion, compared to 2018, according to the latest data from the U.S. Census Bureau . And that’s with the 10 percent tariffs President Donald Trump slapped on $200 billion of goods […]

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