Wednesday , September 18 2019
Home / Mish's Global Economic / “No Recession in Sight”: Translating Trump and Kudlow

“No Recession in Sight”: Translating Trump and Kudlow

Summary:
President Trump and his economic advisor Larry Kudlow have important announcements. I can help with translations. Please consider Trump 'Not Ready' for China Trade Deal, Dismisses Recession Fears. Consumers Doing Well Trump: “We’re doing tremendously well, our consumers are rich, I gave a tremendous tax cut, and they’re loaded up with money.” Trump Translated: The "tremendous tax" cut primarily benefited the wealthy. Consumers are tapped out. That's why housing and autos are on the ropes. Deal With China Trump: “I’m not ready to make a deal yet [with China].” Trump Translated: China is damn sick and tired of my tactics. They prefer to wait hoping for a Democrat president. Trump: “I would like to see Hong Kong worked out in a very humanitarian fashion,” Trump said. “I think it would be very

Topics:
Mike Shedlock considers the following as important:

This could be interesting, too:

Mike Shedlock writes Editorial Mistake My Ass: New York Times Made Numerous Serious Judgment Errors

Mike Shedlock writes 50,000 UAW Workers on Strike and GM is Already Just One Notch Above Junk

Mike Shedlock writes Death of Shopping Malls and Department Stores in Five Charts

Mike Shedlock writes Industrial Production Much Stronger than Expected

President Trump and his economic advisor Larry Kudlow have important announcements. I can help with translations.

Please consider Trump 'Not Ready' for China Trade Deal, Dismisses Recession Fears.

Consumers Doing Well

  • Trump: “We’re doing tremendously well, our consumers are rich, I gave a tremendous tax cut, and they’re loaded up with money.”
  • Trump Translated: The "tremendous tax" cut primarily benefited the wealthy. Consumers are tapped out. That's why housing and autos are on the ropes.

Deal With China

  • Trump: “I’m not ready to make a deal yet [with China].”
  • Trump Translated: China is damn sick and tired of my tactics. They prefer to wait hoping for a Democrat president.
  • Trump: “I would like to see Hong Kong worked out in a very humanitarian fashion,” Trump said. “I think it would be very good for the trade deal.”
  • Trump Translated: I have completely abandoned the idea there will soon be a trade deal unless I further capitulate to the demands of China. I was forced to give Huawei Another 90-Day Reprieve and sadly, I Chickened Out by Delaying my Trade War Tariffs to Save the Holiday Season.

Recession

Got Gold?

This concludes another Mish public service announcement.

Mike "Mish" Shedlock

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Leave a Reply

Your email address will not be published. Required fields are marked *