Recent stories about the world’s economies have found that in the third quarter, the American economy is the only world economy showing any growth. Indeed, the economy of every other major nation shows that their growth rate is either stagnant, or slipping.
The good news about the Trump economy may have not gone unnoticed among economists, but the media is pretty much ignoring the good news.
But, as Investors Business Daily reported:
The fact that the U.S. appears to be pulling away from the rest of the world hasn’t gone unnoticed, at least not in the White House. At a speech last week at the Economic Club of New York, Trump’s top economic adviser, Larry Kudlow, said “the U.S. is the hottest economy in the world today. We’re crushing it.”
But wait a minute.
For some time now, the “experts” have been telling us that the U.S. was just riding a global growth wave. The improved economy here had nothing to do with Trump’s deregulatory efforts, or his pro-growth tax cuts, or the sharp uptick in optimism once he got elected.
Now it appears that the U.S. economy is accelerating, while the rest of the world is in neutral
And according to CNBC’s Global CFO Council report, the U.S. economy is listed as “improving” while the rest of the world’s major economies are either merely “stable” or are “declining.”
BEA News also noted how strong the U.S. economy has become under Trump:
— BEA News (@BEA_News) September 27, 2018
And Commerce Secretary Wilbur Ross also noted that U.S. Manufacturing is up across the board.
— Sec. Wilbur Ross (@SecretaryRoss) September 27, 2018
Follow Warner Todd Huston on Twitter @warnerthuston.