The Secret Behind Trump’s Economy: Absolutely Nothing

Unemployment is low, the stock market is at all-time highs, there are signs of wage growth, and investors have more money in their accounts.  With Trump taking credit for these positives, many American’s are left to wonder what he has done to create this economy and what will happen next.  Our founder, Kevin McNab, explores the secret to Trump’s economy in his latest article published in ColoradoBiz Magazine. The answer may be surprising.

In early 2016, then-candidate Donald Trump blasted unemployment figures provided by the Bureau of Labor Statistics. “Don’t believe these phony numbers when you hear 4.9(percent) and 5 percent unemployment,” Trump told his supporters at a New Hampshire rally.  “The number’s probably 28,29, as high as 35.  In fact, I even heard recently 42 percent”.

Fast-forward 14 months after great unemployment numbers and (*now former) Press Secretary Sean Spicer said, “I talked to the President prior to this and he said to quote him very clearly: ‘They may have been phony in the past, but it’s very real now.’“

With many in Washington stretching the truth to outright lies and President Trump lauding the economy, this brings up two questions:

  1. Can President Trump take credit for the current economy?
  2. And what has he done to boost the economy?

The answers may be surprising…Read More!

ACE Wealth Partners LLC is a wealth management firm specializing in asset management and financial planning.  ACE serves clients across the country with a concentration of clients in the Denver Metro area including Cherry Hills, Arvada, Broomfield, and Westminster.

Kevin McNab

This article is written by Kevin J. McNab. Kevin is President of ACE Wealth Partners, LLC and is a CFP®, ChFC®, and CRPC®. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. The views expressed in this blog post are as of the date of the posting, and are subject to change based on market and other conditions. This blog contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Please note that nothing in this blog post should be construed as an offer to sell or the solicitation of an offer to purchase an interest in any security or separate account. Nothing is intended to be, and you should not consider anything to be, investment, accounting, tax or legal advice. If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants, or attorneys regarding your individual circumstances and needs. No advice may be rendered by ACE Wealth Partners, LLC unless a client service agreement is in place. If you have any questions regarding this Blog Post, please Contact Us. Please read our website DISCLOSURE carefully for additional information.