As seen in this chart I created using the St. Louis Fed's database of economic data, imports from China fell 6.66% from the first quarter of 2015 to the first quarter of 2016. I kid you not. 6.66%.
Many might consider -6.66% to be the devil's work. They might point out that a fall of that magnitude is nearly unprecedented, with the only exception being during the Great Recession (also seen in the chart). Not me!
Instead, I consider this to be absolute proof of our strong and resilient economy. Rather than buying cheap goods from China this year which would ultimately add to our many overworked American landfills, many Americans are clearly now choosing a smarter path.
We're spending all of our money on good old-fashioned American services, ranging from good old-fashioned American nail salons which fill our many strip malls to good old-fashioned American financial services where good old-fashioned American advisors will tell us, for a small fee, that we can always expect the good old-fashioned American stock market to grow 10% each and every year. Always has, always will.
Warning: Definitely NOT Safe for Work!
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