When President Donald Trump recently raised eyebrows in calling his predecessor President Barack Obama’s “war on climatological impurities” a hoax, he stunned much of America’s believers, who had approved the cutback in the “belching” of carbon dioxide (CO2). This called for the limitation of coal production and cutting back U.S. manufacturing, in general, to “save the air.”
While economic pressure has forced the U.S. Federal Reserve into slowing its four-year quarterly interest uptick, similar pressures also are causing a re-evaluation of increasing rates by leading global economies.
In the decades of U.S. presidencies preceding the current White House occupant, a preoccupation with long-term climate change and cheap imports to win over the U.S. population’s multi-millions have increasingly shrunk America’s once globally dominant manufacturing sector.
Since the House of Representatives controls the purse strings of legislation, even if decisively brought to the floor by the Senate, it’s not a safe bet that an all-encompassing infrastructure program will emerge in Trump’s last two years of his first term.
A growing humanity cannot survive without clean water. Even though 70 percent of the earth’s surface is covered by water, under present global circumstances, the demand/supply balance is rapidly tilting against the supply factor.
While the bulk of European imports of oil, and lately natural gas, have previously depended on Russian pipelines, they are benefitting from a desire to have less dependence on Russia. The availability of the U.S.’s fast-growing natural gas exports is beginning to fill the void.
As 2018 nears a very successful U.S. business comeback surge, both in the economy as well as the equity markets that set a record bull market length, the 2019 follow up faces a tough momentum challenge.