Tornado Alley (PROG)

[fuagf]

Worldwide economic recovery. Thank central banks.

"U.S. consumer confidence rises to highest level since November 2000 "

"The key to the global recovery from the 2007-2008 recession has been the extraordinary monetary policy support from central banks in the United States, E.U., Britain and Japan, economists say. Those four central banks almost quadrupled their holdings of government securities, measured as a share of gross domestic product, in a bid to lower borrowing costs and stimulate economic activity, according to the IMF.

In the United States alone, the Federal Reserve increased its balance sheet to $4.5 trillion from a pre-crisis peak of $925 billion.

That ocean of money sloshing around the world was powerful enough to drown out the most incendiary presidential tweet. “The significant power of central banks’ easy money is able to dominate the negative effect of what’s going on on the political stage, not only in the U.S. but in Japan and elsewhere,” said Torsten Slok, chief international economist at Deutsche Bank."

https://www.washingtonpost.com/business/economy/the-global-economy-is-ignoring-president-trump-should-it/2018/01/04/213ba5ae-f0d4-11e7-97bf-bba379b809ab_story.html?utm_term=.8563569e3a35

Fingers crossed Trump's generally condemned untargeted steel and aluminum tariffs don't set
many more destabilizing actions in motion. Thankfully retaliatory action will likely be targeted.