By CD Media Staff | February 20, 2020
Economists can’t explain it other to say that there must be ‘increased optimism’ after POTUS signed the ‘phase one’ trade deal with China. The mainstream business press isn’t even trying, preferring to move it off the front page as quick as possible.
However, the Philly Fed just reported a huge sonic kaboom! in manufacturing over the last month, the second highest reading since the ’08 financial crisis.
The Left thinks its something they don’t want to talk about; CD Media thinks it’s an absolute blowout due to President Trump’s economic policies.
Philadelphia Fed Manufacturing Survey (Feb) printed a massive 36.7 vs consensus estimate of 12.
Continuing Jobless Claims (Feb 7) printed at 1.726M vs estimate of 1.72M.
Initial Jobless Claims (Feb 14) printed at estimate of 210k.
Initial Jobless Claims 4-2eek Average (Feb 14) printed at 209k.
This piece originally appeared on CreativeDestructionMedia.com and is used by permission.
The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of Steve Gruber.
Join the Discussion
COMMENTS POLICY: We have no tolerance for messages of violence, racism, vulgarity, obscenity or other such discourteous behavior. Thank you for contributing to a respectful and useful online dialogue.