The US Economy is BOOMING as the Chinese Economy is Collapsing

Another day and more signs that the US economy is continuing to take off while the Chinese economy continues to teeter.

From the article linked above:

The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey finds applications increased 13.5% for the week ending January 11, 2019. The Market Composite Index is now at its highest level since February 2018.

The seasonally adjusted Purchase Index increased 9% from one week earlier to its highest level since April 2010. The unadjusted Purchase Index increased 43% compared with the previous week and was 11% higher than the same week one year ago.

“Mortgage applications rose to their strongest level in years last week, with purchase applications rising to the highest since 2010, and refinance applications up to their highest level since last spring,” said Mike Fratantoni, MBA Senior Vice President and Chief Economist. “Uncertainty regarding the government shutdown, slowing global growth, Brexit, a more patient Fed, and a volatile stock market continued to keep rates from increasing.”

ENERGY DOMINANCE!

Loans are up meaning more and more Americans can get money to start their small businesses. DEREGULATION IS WORKING!

Meanwhile the Chinese Government is doing everything humanly possible to lift up their economy.

From the article linked above:

China’s central bank injected a record $83 billion into the country’s financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy.

China’s policymakers are pledging to step up stimulus measures this year and do more to protect jobs as economic growth cools to 28-year lows.

But a raft of measures last year from big rail projects to tax cuts seem to have had little impact so far, with recent data suggesting activity is cooling more quickly than expected.

“The news is clear – the economy needs help,” said Trinh Nguyen, senior economist for emerging Asia at Natixis in Hong Kong.

You won’t get any tears from Charles Payne about China’s woes!

24 thoughts on “The US Economy is BOOMING as the Chinese Economy is Collapsing

        1. The yearly rate is figured out using a different methodology. It isn’t an average of the 4 quarters combined. With that being said, I see it finalizing over 3%+. Which will be the first time since 2005. At this point I am projecting 3.3%.

          The one thing about the shutdown that will kill me is that the BEA isn’t working and won’t report the Initial Estimate for the 4th Quarter and the 2018 Annual real GDP rate on January 30th.

          Oh well, I guess I can wait 🙂

          Liked by 11 people

          1. It’s not just the hard economic numbers, though they influence people’s attitudes, its the improving polls for the president. Despite the desperate MSN’s negative coverage of him and their increasingly insane narratives,( or perhaps because of), the average citizen is working out that things are 1: getting better, 2: look likely to continue to improve and 3: the sky hasn’t fallen- there’s no (hot) war. It’s all economic and Pres Trump is killing it.

            Liked by 8 people

  1. Just wow. I never thought I would ever read a headline about a booming US economy and crippling China economy happening concurrently. Then again, there has never been anyone quite like our current President.

    I was quite confused about Steve’s concerns, as I don’t see how China’s economy is our concern. Then I saw follow-up tweets about international investments and overseas businesses. I’m not an ecomomics expert, but wouldn’t a crippled China economy mean that the US can now step in and fill the void? Or that US companies would be less inclined to want to outsource jobs?

    Liked by 9 people

    1. That is exactly what our President is building in his America First Agenda. It will take a few more years for us to be up and running so that we are manufacturing and supplying not just our country put different areas in the world.

      No one will report that if they are seeing it. I would say a majority of the MORONS aren’t able to see MAGAnomics in action. They learned everything based on Globalism.

      Here is some more great news:

      From the article linked above:

      China is still the world’s No. 2 economy and is still the monster of emerging markets, but regardless of those bonafides, Xi Jinping’s country is losing the trade war in nearly every way imaginable.

      The Shanghai Composite is down around 30% in the last 12 months. Only Turkey is doing worse.

      The stock market is a terrible way to measure China growth. Investors know it. So they look to the economic data. Industrial production is still positive but in decline. Quarterly GDP growth is in decline. On Monday, China released weak exports data for the month of December.

      “The Chinese trade numbers released today got all the alarm bells ringing,” says Naeem Aslam, chief market strategist for Think Markets in London and a Forbes contributor. “If you need any evidence how the trade spat is impacting a country’s economic health then look no further than China trade. The lower export number means lower jobs, which means another direct impact on the (Chinese) economy. Donald Trump can be pleased. His policies have brought China to its knees.”

      Liked by 9 people

      1. “ No one will report that if they are seeing it. I would say a majority of the MORONS aren’t able to see MAGAnomics in action. They learned everything based on Globalism.“

        Well, that would certainly explain the “tweet of concern”. Still operating under the old (read: Globalists) model.

        Liked by 11 people

  2. 25 years ago this month nafta was signed into law, but the planning began much sooner than that.
    And China’s economy took off immediately when it was signed. No coincidence, nope, none.
    Chinese stole with assistance from subversive Americans our wealth and industrial base. The faster their economy tanks the happier I will be.

    Liked by 10 people

  3. In the real world: my oldest son sold his home in October to a cash buyer from New York and did not have the house on the market. He bought a new home at year end to accommodate a family of five since the birth of our grandson.

    My daughter is in the market for new home after renting for many years.

    My youngest son and wife are expecting our new grandson in a month and will be in the market for a new home in the coming year.

    Life is good!!!

    Liked by 17 people

  4. flep,

    I really hope China, India, Africa and everyone else for that matter manages to figure out what makes a country’s economy thrive. China is geared up for mass production and will be well set up to provide cheap goods for broken economies. They have 4 times the population of the US and it would be great if they could feed their people and provide more than very basic necessities.

    According to Numbers USA the vast majority of the world lives on $2 a day. That is very sad to me. But it is not sad enough that I think it is our job to support the whole world. We have been doing that and it has not helped the common man at all. Their government leaders just get richer while their people starve. Their governments need to learn to take basic care of their own people. They need to lead, follow or get out of the way.

    I see the USA producing some basic goods for export such as food products, gas and oil. Other than that, I would think we should focus on quality goods, innovative tech products, luxury items like automobiles and other things that are for people who make more than $50 a day and have the infrastructure to use higher quality goods. Many of the other countries don’t even have bathrooms, wells, or roads that a car could travel safely. We could provide services for teaching them how to build infrastructure. We give them something to aspire to. It is not about creating envy but about showing them a better and easier way to live.

    It breaks my heart to see 1% of the population piling up money they could never use while the people in their country don’t have basics. The 1% want to genocide the world population so they can have all of the money it seems. I don’t think the 1% should be taxed or their money even confiscated. I think they should be allowed to sit on their piles of gold and jewels and try to figure out how to eat it or wear it in a world that no longer uses their money to survive.

    I have some ideas of how that could work and all of my ideas are Christian based. I do think the USA can and does set an example of how to do business in an honest and forthright way that benefits all of the people of the world. I know our leaders are mostly part of the Globalist corruption, but they are not and have never been what makes America great. They are the parasites trying to destroy our country.

    Thank God for President Trump.

    Liked by 9 people

    1. No wealth confiscation ever! We don’t do that.

      BTW, the rich don’t “sit” on piles of money; that money is working in the economy and is providing jobs for people. When the govt has the wealth (regardless of how it gets it) nobody gets to produce any value. Even if the govt gives out jobs, the job itself produces NOTHING.

      So leave the wealth in the hands of the people who created it.

      Liked by 2 people

      1. Pgroup, I would never confiscate anyone’s money. I said to just let them keep it, eat it and wear it.

        I am talking about a total workaround. Christ never said to take anyone’s wealth. I have never ever minded at all when someone earns their wealth. I think President Trump is an amazing example of that. He puts out quality products and reaps vast rewards. That is how it should work. I have known many wonderful people. Some had money and some did not. It never really mattered to me.

        I look for what is in a person’s soul, not what is in their bank account.

        When we have criminals all over the world doing human trafficking, drug trafficking, organ harvesting and big banks laundering money for them, governments and politicians taking bribes from them; I do not think it is Christian to participate in criminal activities in order to have a job.

        Jobs absolutely produce very important things. You will see that what President Trump has done by giving people jobs again will have a wonderful effect on their self-esteem, health, hope and families. Jobs give the common people the opportunity to improve their lives, start businesses and build their own wealth but more importantly, it gives them the satisfaction of a job well done.

        When 1% own 99% of the money, there are many who do exactly sit on their piles of money and just try to get more. They do not care how they get it and it is never enough. They think up grand schemes of creating wars, genocide, world domination and all sorts of evil things.

        Money does not and never has made any person good. Lack of money does not make any person worthless.

        Confiscating money from the rich to give to the poor only makes everyone equally poor. Then the whole world can live or die on $1 a day. Communists have never produced anything but death and destruction. They steal money from people who produce and when they have destroyed that host, they go find someone else to destroy. Communism is straight from hell. Communists despise people. There is no love in them.

        Jesus said that we don’t have because we don’t ask. We are to give freely because we have received freely. We are to forgive our debtors and help whoever asks. God takes care of us so we can take care of others. We never have to sell our soul to Satan. God provides everything we need.

        When we put God first in our lives and love one another we create a whole different world. The Trump supporters survived NAFTA and the Globalists by helping each other, holding fast to their values and remembering that God has a purpose and plan for their lives.

        We are in the process of rebuilding our families and lives again.

        God Bless President Trump
        God Bless America
        MAGA

        Liked by 2 people

  5. From the article linked above:

    A large majority of business leaders say they plan to add more jobs in 2019, and many say the Trump tax cuts have helped their businesses, according to a new Zogby Analytics Poll highlighted in the Washington Examiner.
    The Examiner reports:

    A survey of owners, chief executive officers, vice presidents, officers, administrators and directors found that 79 percent are putting plans in place to hire more employees. And broadly, said the new Zogby Analytics Poll, executives are citing the tax cut for continued expansion. “What we found was an optimistic, yet somewhat cautious outlook for business this year,” said the analysis.

    Liked by 6 people

  6. China can’t feed themselves and their situation is worsening. They are seriously polluting their land. Building dams and towns on arable land and Chinese people don’t trust Chinese reduces and by from o/S where possible. Ie in Australia Chinese buyers grab all the baby formula in the supermarkets and pharmacies and ship it to China. They can make $100;000. P.a. Easily doing this. Also their frozen fruits and vegetables. In China a lot of traditional farming still done with night soil being the only fertiliser, spreading endemic diseases such as.hep b and c, amongst others. China’s solution is to buy up valuable farmland overseas to control the food chain. The farmland is clean and unpolluted and not exhausted by subsistence farming methods. The Sam with fishing. They have depleted their own fish stocks in their own waters with drag and drift netting and over fishing. They pick a poorisland country ie Tonga. Build a sports stadium in return for fishing rights, anihilate the fishing grounds and move on leaving hungry islanders with no fish but a lovely stadium. (And some suspiciously wealthy local politicians). This is not haphazard, it is planned. Remember, during the worst years of the great potato famine in Ireland ireland was still exporting food. To England. From English owned estates in Ireland. Coming to all poorer, weaker nations in China’s orbit soon.

    Like

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