On the July Jobs Report
A big beat, driven by hiring by small businesses not distracted by Washington “chaos.”
US Jobs - 2017-08-03
Reagan Cut Taxes, Revenue Boomed
Exceptions to the Rule: The Politics of Filibuster Limitations in the U.S. Senate
Global PMI - 2017-08-02
Dow 22K and the ‘Trump Infamy Ecosystem’
...Donald Luskin of Trend Macrolytics thinks Mr. Trump has every right to take credit for rising markets. In a note to clients this week he acknowledges the view of many investors that “all of the pro-growth hopes and dreams that flourished right after Trump’s surprise election have now been crushed by the swamp, and Trump’s own seeming self-destructiveness.”
Trump Should End Obama’s Bailout of Congress’s Health Care
The Turn to “Effective, but we don’t like it.”
Drop the BAT and Run
In another week of Washington chaos, a protectionist barrier to tax cuts just got removed.