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The Economy Says Trump Is Crazy Like A Fox

Our friend Dr. Sebastian Gorka summed up perfectly the current mental state of the Democrats and their allies in the establishment media in a recent column for The Hill, "Trump must be incompetent or mentally unwell because, well, we want him to be. 'Notional truth' is another phrase for my ideological 'reality,' a phrase that George Orwell would have recognized instantly," Gorka wrote.

This is the same kind of “notional truth” that made Dan Rather’s fake dossier on George W. Bush’s military Trump stock marketservice “fake but true” as Leftwing commentators of the time put it.

In driving the narrative that President Trump is mentally unwell the media elite have entered into a new realm of opinion writing where merely making a statement they wish to be true substitutes for a fact-based assessment of reality.

Fortunately, there is another objective standard of reality by which to measure President Trump’s fitness for office, and that is the impact his policies have had on the wellbeing of American citizens.

And by every measure we could find Americans are doing better under crazy President Donald Trump than they were under the cool, suave and eminently sane Barack Obama.

The unemployment rate for blacks fell to 6.8 percent in December, its lowest level since 1972, to which Trump on Saturday tweeted, "I'm so happy about this news."

Yesterday, the President followed up with this tweet: African American unemployment is the lowest ever recorded in our country. The Hispanic unemployment rate dropped a full point in the last year and is close to the lowest in recorded history. Dems did nothing for you but get your vote!

Obviously, the ravings of a lunatic according to the Leftwing media.

Newsmax Finance reports that U.S. equities are in the longest winning streak since early November as investors continue to price in the benefits of cuts to corporate taxes passed late last year. Major Wall Street banks from JPMorgan Chased & Co. to Wells Fargo & Co. kick off earnings later this week, with the impact of the tax cuts in focus. With risk assets globally enjoying a strong start to 2018, outlooks from leading companies may dictate the next move for equity markets.

Further Newsmax reports that top market indicators remain strong:

The S&P 500 Index rose 0.2 percent to a record 2,747.43 as of 4 p.m. in New York. It jumped 2.6 percent last week.

The Nasdaq Composite Index rose 0.3 percent to an all-time high, while the Dow Jones Industrial Average slipped 14 points from its record to halt a four-day rally as investors took profits.

The MSCI All-Country World Index added 0.1 percent for a fifth straight gain.

The MSCI Emerging Market Index gained 0.4 percent to the highest in almost seven years.

Celebrating this record increase in wealth for everyone from billionaire hedge fund managers to small business people with 401k accounts and union guys with their pension funds invested in the market, a clearly deranged President tweeted:

The Stock Market has been creating tremendous benefits for our country in the form of not only Record Setting Stock Prices, but present and future Jobs, Jobs, Jobs. Seven TRILLION dollars of value created since our big election win!

In his recent column, Dr. Ed Yardeni, President of Yardeni Research, Inc., a provider of independent global investment strategy research summed President Trump’s mental health this way: “Market's Performance Suggests Trump Is Crazy Like a Fox.”

Yardeni noted that the market had another great day on Friday, despite the fire and fury coming out of Washington about the President’s mental capacity. Instead, the market might be responding very positively to the tax reform plan passed late last year. Now there is talk of moving on to welfare reform and an infrastructure spending program. There is also more talk starting between North Korea and South Korea.

Yardeni went on to ask, what if Trump is right, and all his critics are wrong? “I know that sounds crazy,” he wrote “so perhaps I need to have my head examined. Then again, so should Mr. Stock Market! Apparently, investors aren’t worried that our President is deranged.”

The market’s performance suggests they think Trump is crazy like a fox concluded Dr. Yardeni:

How else to explain that the S&P 500 is up 28.2% since Election Day, November 8, 2016 to yet another record high on Friday? The Nasdaq is up 37.4% over the same period. Here’s the performance derby of the S&P 500 sectors since Election Day: Information Technology (44.2%), Materials (33.0), Industrials (30.4), Consumer Discretionary (29.5), S&P 500 (28.2), Health Care (25.1), Consumer Staples (8.7). Energy (8.6), Real Estate (6.5), Telecom Services (4.7), and Utilities (4.6).

Money flows also suggest comfort with Trump. Equity mutual funds and ETFs attracted $315.1 billion over the 12 months through November 2017. Money is still coming out of equity mutual funds, but that’s more than offset by hefty inflows into equity ETFs. They attracted $355.8 billion over the past 12 months, with $197.8 billion going into equity ETFs that invest domestically and a record $158.1 billion into those that invest globally.

Dr. Yardeni doesn’t give President Trump all the credit for the economy and spanks him for being a bully, but the point remains: Apparently, investors, who have billions on the line, aren’t worried that our President is deranged.

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