NEWSBREAK 12/15/2016: Dollar climbs to highest level in over 13 years!
With their (fake) warnings that a Trump presidency would lead economic markets into turmoil, the Democrats and media critics have got to be feeling a little embarrassed. The opposite is actually occurring.
Image cropped from: www.donaldjtrump.com/
Personally I haven’t seen anything like this since Ronald Reagan in the early 1980s, after the US had been through years of economic malaise. Trump is proving to be a real mover and shaker. Let’s look at some recent developments.
For starters, the news is out that technology giant IBM just announced it plans to hire 25,000 workers over the next 4 years and spend 1 billion dollars in training. Moreover, the Daily Mail reports: “The IBM jobs investment news came before the highly anticipated meeting Wednesday between Trump and the leaders of several major technology companies.” Expect more similar announcements in the weeks and months ahead.
Dow Chemical announced in a press release that it would invest in a “new, state-of-the-art innovation center” in Midland, Michigan. The innovation center will support approximately 200 research and development jobs in Michigan, including 100 newly created jobs while repatriating 100 jobs from other Dow facilities throughout the globe to Midland.
Long cited by Trump as an example of industry leaving the US, air conditioner manufacturer Carrier now pledges to keep some 1000 jobs in the US, Fox News reports here. This news comes after the company told workers earlier in the year that it would be closing its plant and moving production to Mexico. Fox calls it a signal and that “more companies may follow.”
In another jobs and investment coup, the Washington Post reported earlier how President-elect Trump had just announced that Japanese telecom and internet conglomerate SoftBank would invest $50 billion in the United States and create 50,000 new jobs. That’s significant.
In the same article above, the WaPo also noted analysts speculate that Foxconn, a major supplier for Apple’s iPhones, could be responsible for the additional $7 billion in investment and 50,000 new jobs. However, Foxconn could not be reached for comment.
Politico reported recently that a Ford plant would now stay in Kentucky: “Donald Trump bragged …that the chairman of Ford Motor Company called him personally to inform him that the auto maker would be keeping one of its plants in Kentucky instead of moving it to Mexico.”
US Steel Chief Executive Mario Longhi told that his company may be restoring up to 10,000 jobs in the United States, Fortune reports here.
Stocks record high
With the flurry of positive economic announcements in the wake of Trump’s election, stocks reacted and recently hit new high, wrote Marketwatch.com. Analysts say there’s still plenty of room for upward movement.
“Optimism skyrocketed like never before”
CNBC reports here that economic optimism has “skyrocketed like never before“. It writes: “The election of Donald Trump has brought with it a surge in optimism in the United States over the economy and stocks not seen in years.”
So what’s happening? They say that nothing is as successful as success, and once it starts rolling, it just feeds on itself. This is what is happening now, and Trump has not even taken office yet.