The touted recession was aspirational; underlying manufacturing is strong; the Fed; with Jim McTague, long of Barron’s Washington.

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Manage episode 242713935 series 124879
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Jim McTague, long of Barron’s Washington, now a novelist. The economy: housing starts are up. Where’s the recession? “It was aspirational, in order to weaken president Trump.” Trump used the Fed as an annex of the Department of Defense. I theorize that if Iran forces the US to engage militarily, that might affect the market . . . Gasoline prices haven't reacted at all because there’s so much oil in the world. The OECD says global growth will be slowest since 2009; but the US will do better than other by grace of the tax cut and the roll-back of red tape cannot be overestimated.
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