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1.Market Observations, 8.Was Sticky

8 Oct 2018 (AFR) – Voter optimism on US economic boom tempered by Donald Trump’s style

(8 October 2018, AFR, p21, by Sam Fleming)

US unemployment rate (FT)

US unemployment rate (FT)

‘It may dismay relatives in his native Belgium, not to mention his wife’s family in Mexico, but Laurent Deconinck counts himself an enthusiast for the policies of Donald Trump. The benefits, he says, walking across his factory floor in a northern suburb of Minneapolis-Saint Paul, are all around him. Mr Trump’s tariffs on imports of steel and aluminium may be pushing up metals costs, but Mr Deconinck is passing that on to customers — clearly itemised in his invoices. Meanwhile, investment write-offs encouraged by the Republicans’ tax cuts have freed up cash for spending on new kit to make metal components, he says, gesturing at a $US300,000 machine he bought as a result.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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