Who is winning?

Sundance at The Conservative Treehouse reports,

With the new year comes more Main Street winning; and the distinction between Wall Street’s economy and Main Street’s economy becomes stunningly clear.

The January jobs report showed a gain of 200,000 U.S. jobs, and more importantly, a 2.9% year-over-year growth in wages. [Biggest wage rate jump since the phony trillion stimulus-funded growth mid-2009.] We continue to remind of our two-year prediction that stunning wage growth will evidence in Q2 of 2018 (April-July)… today’s report is only the preview of that wage growth cycle.

Construction reported by the biggest gain by sector with 36,000. Bars and restaurants added 31,000 and health care was up 21,000. Manufacturing also showed a gain of 15,000 and durable goods-related industries added 18,000.

“Perhaps the biggest positive surprise on hiring is the continued surge for the goods-producing sector with manufacturing and construction leading the way,” said Mark Hamrick, Bankrate.com’s senior economic analyst.

The Main Street economic engine is fundamentally detached from the drivers of the Wall Street economic engine (monetary policy). While the paper wizards are getting kicked in the teeth, interest rate increases will not diminish Main Street gains because wage increases will remain ahead of price inflation. Interest rate increases will, however, impact Wall Street because interest rates are monetary policy, and a great deal of Wall Street is based on speculation within the paper (false) economy.

Can you see now why we have been saying for two years MAGAnomics will draw out the new dimension in modern economics? There is a distance between Main Street’s economic engine and Wall Street’s economic engine. MAGAnomics operates in the space between them.

...At the very heart of America-First, MAGAnomics focuses on U.S. jobs and U.S. companies. Investment growth drives labor demand; labor demand drives wage rates; wage rate growth increases consumer demand for goods and services; that demand drives investment; more investment is expansion of production capacity – ie. need more labor.

Read more here.

MAGAnomics

Sundance reports at The Conservative Treehouse,

AMERICA’S ECONOMY IS FIRING ON ALL CYLINDERS: President Donald J. Trump has unleashed America’s economic growth engine and ushered in a new era of economic optimism.

Under President Trump, nearly 1.7 million new jobs have been created.
159,000 jobs have been created in the manufacturing industry.
57,000 jobs have been created in the mining and logging industries.

The unemployment rate has fallen to 4.1 percent, the lowest in nearly 17 years.
Thirteen States have reached record low unemployment rates.
Gross Domestic Product (GDP) in the United States has grown by more than 3 percent in the last two quarters.
The GDP growth rate was 3.3 percent in the third quarter of this year.
The GDP growth rate was 3.1 percent in the second quarter of this year.
Productivity in the United States economy grew to 3 percent last quarter.

Americans’ confidence in the economy has soared to record highs under President Trump.
The Conference Board Consumer Confidence Index reached a 17-year high in November.
The National Association of Manufacturers’ Outlook Index had the highest annual average it has ever recorded.
The Dow Jones Industrial Average has hit record highs 70 times in 2017—the most ever recorded in one year.
For the first time in its history, the Dow closed higher than 24,000 points.
Since President Trump was elected, more than $5 trillion in wealth has been added to the United States economy.
HARD AT WORK: The Department of Labor has implemented pro-growth programs, rolled back overreaching regulations, and taken action to support American workers.

The Department of Labor has convened a Task Force on Expanding Apprenticeships, which will work to create more opportunities for American job seekers and job creators.

The 20-person task force brings together leaders from business, labor unions, educational institutions, and trade groups to advise the Administration on how to expand the number and breadth of apprenticeships.
Following President Trump’s Executive Orders on regulatory reform, the Department of Labor is working to identify regulations that place an undue burden on employers with minimal impact on worker protections.
The Department of Labor is actively involved in the process of renegotiating and improving the North Atlantic Free Trade Agreement.

Secretary of Labor Alexander Acosta has directed the Department to aggressively confront visa fraud and abuse