Donald Trump: Love him or hate him, you can’t ignore him. While people on different sides of the aisle may disagree with his temperament or leadership style, there’s one area that is difficult to disagree on: The fact that the economy and employment have boomed under President Trump.
Helping us analyze Trumpian Economics is our guest, Jack Hanney, CEO of Patriot Gold Group, who will help us paint a picture of the economy with and without Trump. Welcome, Jack!
Q&A:
Q1: Tell us how stocks have done under Trump.
Answer: The Dow Has Reached Historic Highs.
Q2. How about employment?
Answer: U.S. Unemployment for Women, Blacks, and Hispanics are at or
near all-time lows. Women are at 3.6%. Hispanics at 4.2%, and African-
American unemployment is at 5.5%.
Q3. Where is personal income today compared to pre-Trump?
Answer: Income Has Grown Under Trump (Longer-term issue is that U.S.
workers need to catch up)
Q4. What about confidence by CEOs in the economy and in their
businesses?
Answer: Corporate Investment is Booming
Q5. What about international trade?
Answer: Trade is being addressed significantly for the first time in decades.
Q6: Now let’s imagine a world with President Sanders, Warren or Biden.
Paint us that picture.
Answer:
1. The Historic 11+ Bull Year Run in Stocks Has Two Options. 1. Correct
with a mild recession. 2. Continue to Rise to only fail spectacularly.
2. Unemployment Literally Has No Place Else to Go. Clinton Said Sub 5%
was virtually full employment.
3. Taxes are a-comin’!
4. Expensive Social Programs are The Soup Du Jour
5. Automation is Coming, AI is coming, Autonomous Cars Are Coming. If
Just 10% of the nearly 4 million US Truckers were replaced by autonomous
self-driving TESLA’s Semi’s we’ve got about 400,000 unemployed
Americans.
Trump is out Front taking on many of yesteryear issues such as trade, getting
corporations to open businesses in the USA and encouraging corporate
spending. The Dems by their modern nature are anti anything big
corporation. We have bigger storms coming that no president can guard
against. America must prepare and Americans must protect their
retirements.
Reference article for show prep: https://www.bbc.com/news/world-
45827430
ABOUT JACK HANNEY…
Jack Hanney has been in the financial markets for 20+ years and is widely heralded as an expert in his field.
Born and growing up in Westchester County, NY where his father was a successful politician and owner
of an Insurance Brokerage Firm. Jack began subscribing to The Wall Street Journal at the age of 14 and moved to California in his early 20’s to study under William O’Neill, arguably the single most successful investor in the history of the markets and founder of Investor’s Business Daily and author of How to Make Money in stocks.
Jack Hanney went on to be the General Manager and Director of Sales at several algorithmic automated trading companies trading the futures and commodities markets working with Introducing Brokers out of Chicago, Geneva and NYC. Jack was recruited by several tech startups and made a name for himself at Infosearch Media, Virtumundo and The Design People before returning to Finance. Jack passed on Morgan Stanley and other reputable, prestigious Brokerage firms to be a CFP in their Wealth Management Divisions and opted for a position as Senior Executive Trader with MG Private Client Services where he spent 4 years 2010-2014.
Jack Hanney had spent two years as Director of Trading, Executive Vice President of WDM overseeing the Retail Division before collaborating with two other prominent experts in his field and opening Patriot Gold Group a collective of Industry-Leading Experts bringing their clients Investor Direct Pricing and superior customer service.
Jack has written over 200M in business and trades maintaining outstanding relationships with his clients at Patriot Gold Group (PGG), where he is a senior partner, who he refers to as dear friends and family and now …welcoming them to the PGG family of investors. Jack resides in Los Angeles, California and is the proud father of his two daughters, Kate age 10 and Luna age 18.
