Sunday, September 10, 2017

Huge US Infrastructure Program About To Commence -- "Stock Market" Has Taken Notice -- September 10, 2017

Disclaimer: this is not an investment site. Do not make any investment, financial, travel, job, or relationship decisions based on anything you read here or think you may have read here.

Futures mean squat but ...



Maybe futures look so good because North Korea apparently did not test another nuclear weapon or launch another ICBM as they had said they would do this weekend.

But having said that, futures are up significantly, despite:
  • North Korea joining the nuclear club
  • Iran probably moving along with its own nuclear program
  • Texas still recovering from one of the strongest hurricanes to ever hit the oil sector 
  • Florida being hit by perhaps the biggest hurricane in modern history
  • Hillary's book is scheduled to be released this next week which will probably depress everyone
  • an alt-right president is making deals with the alt-left
  • the Mueller investigation continues
On the other hand, I haven't seen anyone really talk about the huge US infrastructure program that is about to commence. This was a huge campaign promise by Donald Trump: a huge infrastructure program. Congress never could get around to it and nature did what Congress could not or would not. Hurricanes Harvey and Irma are going to result in two of the biggest infrastructure programs in the history of the US. Recovery efforts have already begun in Texas and by this time next week recovery efforts will be well along in Florida.

Note disclaimer above: it's hard think that the following are not going to benefit to a great degree from the hurricanes:
  • Walmart
  • Lowes
  • Home Depot
  • Caterpillar
  • trucking sector
  • fast food sector, especially McDonalds
So, most of Trump's campaign promises are coming to fruition:
  • immigration slowed down so much this summer, American businesses had to hire American workers at higher wages for seasonal jobs (previously posted)
  • the huge US infrastructure program Trump wanted is underway in Texas; will commence in Florida in less than a week (as noted above)
  • ObamaCare is dead due to a thousand cuts but major insurers will still be bailed out (previously posted)
And if the Dems follow through with their plan to do away with the "debt limit" law permanently, Trump is going to have an endless amount of money.

See first comment: for "Bannon's" thoughts on Trump's campaign promises, see these links:
By the way, the recent hurricanes probably eliminate Houston and all of Florida as contenders for Amazon's HQ2. My hunch: Jeff Bezos selects northern California, Silicon Valley. If not northern California, southern California, perhaps Torrance, CA.


California Blue, Roy Orbison
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