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THE GREAT AMERICAN JOBS MACHINE: WHAT COULD GO WRONG?
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Our FEATURE today focuses on a 5 page report in the Wall St Journal that spells out in great and informative detail the current status of jobs in America. Unknown to most, the US economy has added additional jobs for 100 consecutive months or a total of 3,045 days! Unemployment is the lowest in 49 years. Surprisingly, the largest gains in employment and earnings increases is amongst minorities which doesn't fit the narrative of the left. Bottom line, the report demonstrates that the US is experiencing the "best of times". What could go wrong? Historically, our economy can not experience a long term period of very low unemployment, low interest rates, increasing wages and robust consumer spending without a significant increase in inflation which is a TAX on our citizens. The Bureau of Labor Statistics, a government agency, tells us that the Consumer Price Index(CPI) is less than 2%. Common sense and our buying experience tells us that it is much higher but constant political manipulation of data misleads the US consumer and investor. Other topics include: "Solid Growth Caps a Robust Year", 4th Quarter GDP was +2.6%, US stock indices gained $5 trillion in value since Christmas, Oil + 25% in 2019, China hits a WALL of debt, "An Eerie Calm" hovers over US markets, NASA reports on global cooling, CIA whistle blower tells of Trump Coup d' Etat and AOC discredits the left. "Disclaimer: This commentary is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of this date and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources are believed to be reliable but not guaranteed. Past performance is not indicative of future results. H. L. Quist is an Investment Advisor Representative."
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