Who needs stimulus in a 4.2%-unemployment economy where merely beholding the splendor of Donald revives animal spirits? Is up 12% this year, handily trailing the 30% gain waaay back in 2013.Īs my colleague Caroline Baum tweeted, if an economy runs hot, that’s an argument against tax cuts, not proof of their necessity. Job gains since February are the smallest - “liddlest”? - since 2010. Question: Is the stock market posting record gains while the Gray Lady conks out, both thanks to the splendor of Donald Trump? Does either make a case for Trump’s corporate-tax cut, funded partly by a tax hike on a quarter of the middle class, according to the Tax Policy Center?Īnswer: Like everything Trump says about the economy, this isn’t true. ’’ a stock pick he’s repeated many times. ![]() He also complains about the “failing New York Times Item: Trump tweets that the economy is on the march, but that he gets no credit. On the plus side, if you don’t take Trump seriously, you might hear this and think, “So that’s why they call the briefcase with the nuclear codes ‘the football’!” Question 3: Trump, taxes and the failing New York Times And don’t forget: Corker looks like the key vote to approve or defeat Trump’s tax bill. Trump launches a furious tweet battle that Corker wins with the built-to-last dig that Trump’s White House is an adult day-care center where those responsible for containing Trump’s tweets had missed a shift.Īnswer: Albert Einstein - high-IQ guy! - didn’t know what weapons World War III would require, but he said World War IV would be fought with sticks and stones. Item: Bob Corker, Republican chairman of the Senate Foreign Relations Committee and Trump’s new Twitter foil, says Trump might blunder the U.S. Markets have decided this question already if you’re thinking about coal stocks, don’t. Even acting, with 69,400 jobs, is arguably a more reliable way to make a living now. ![]() coal companies long ago reached junk status, if not bankruptcy, and why coal employment is now lower than in renewable-energy sectors like wind and solar. Currently, the benchmark price for natural gas Question: Can Trump really bring back coal, an industry that employs just 52,000 Americans while threatening the environment like no other? Should he?Īnswer: Coal is competitive and gains market share among utilities, which consume most coal, when natural gas tops $6 per British thermal unit of heat. ![]() “The war on coal is over,” says Pruitt, presumably not from the safety of the soundproof $25,000 secure phone booth he just added to his office. Item: Environmental Protection Agency Administrator Scott Pruitt signs order to roll back President Barack Obama’s Clean Power Plan, a linchpin of the U.S. If it gets messy, he’ll toss you some beautiful. Well, buddy, the rest of the week’s headlines provide plenty of fodder for a Trump IQ test - of you and the market.
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