Chrysler

Can The US Economy Ever Get Back To 3% GDP Growth?

It is really about reasserting the preeminence of humans – the workforce – in any calculus of macroeconomic policy. Make them (us, really) more productive, and the economy will grow faster. And if that is impossible, and with it that 3% target, then technology will replace the worker rather than simply augment his or her efforts.

Frontrunning: May 24

  • Trump Meets With Pope Francis After Policy Clashes (WSJ)
  • Fed Minutes to Offer Clues on Debate Over Path of Rate Increases (WSJ)
  • Manchester bomber had 'proven' links to Islamic State (Reuters)
  • U.K. Chides U.S. for Leaking Manchester Bombing Probe Details (BBG)
  • China Handed First Moody's Downgrade Since 1989 on Debt Risk (BBG)

China Downgrade Forgotten As Asia Closes Higher, Futures Flat Ahead Of Fed Minutes

Not even last night's Moody's credit downgrade of China - the first since 1989 - could dent the global stock rally which has pushed global stock prices to all time highs. After initially sliding, regional stocks and emerging Asian currencies pared early losses following the unexpected downgrade of China, taking their cue from the "sudden reversal" of the Shanghai Composite Index, which some speculated saw the latest intervention of the "national team."

Frontrunning: May 19

  • Dollar remains weak as beating eases for global stocks (Reuters); Global Stocks Edge Higher as Commodity Prices Rise (WSJ)
  • Trump Mideast Trip Aims to Bolster Ties, Shift U.S. Spotlight (WSJ)
  • Trump Heads Abroad With White House in Crisis (BBG)
  • Russia Probe Heats Up as Trump Tries to Limit Damage (WSJ)
  • Iranians queue up to vote in fiercely-contested presidential election (Reuters)

Are Auto-Makers Bailing On Their Job-Creation Pledges?

Carmakers quickly kowtowed to Trump after his 'surprise' win in November, allowing the then-president-elect to take credit for their pledges to hire thousands of workers and keep U.S. factories open. At the time, fears of a 35% import tax were enough to keep them in line. But now that Trump is having trouble whipping votes in Congress, WSJ is asking: When will corporate America jump ship?

 

"I Kept My Promise To Americans": Trump Explains What He Did In His First 100 Days

"One hundred days ago, I took the oath of office and made a pledge: We are not merely going to transfer political power from one party to another, but instead are going to transfer that power from Washington, D.C., and give it back to the people. In the past 100 days, I have kept that promise — and more." - Donald Trump

Tesla Faces New Model 3 Delay As German Workers Threaten Strike; More Headaches For Musk Emerge

Tesla is facing a potential strike at its new German subsidiary: the German Trade Union IG Metall has warned that it is exploring a worker strike at Tesla Grohmann. The machines built at Tesla Grohmann are used to manufacture the Model 3 and as a result, the car's production start in July could face another imminent delay. Meanwhile, Elon Musk faces even more headaches...