Monday, March 13, 2017
New Deal Demoncrat - weekly indicators.
IPEZone - pro-, anti-trade voices duke it out at the White House. Maybe Trump only has to send out a few anti-trade tweets to keep his voters happy?
NYT - Trump budget proposal reflects working-class resentment of the poor. Which is a real thing, but the lefties don't get it because they think there's a monolithic class that they can lead around the nose. Which is why the working class throughout the developed world has swung to populists, and not to the left.
Tim Taylor - secular stagnation vs financial cycle drag.
New Deal Demoncrat - for now the economy remains on autopilot. And no surprise, Republican consumer sentiment has skyrocketed. Don't underestimate the power of psychology!