What I Told Rob Yesterday

Last night, I listened to a political speech, the speaker made a very pointed statement about global economics:   What I Told Rob Yesterday Dear Reader: Last night, I listened to a political speech... The speaker made a very pointed statement about global economics... "There's 'no reason the blades for wind turbines can't be built in Pittsburgh instead of Beijing." That was President Joe Biden. It was a bold thesis. It beckoned the mantra "Buying American." It spoke of creating jobs here and diversifying the energy supply. But then... a few paragraphs later, the following happened. He proposed raising taxes on business investment. He pounded the podium and called for a minimum wage hike. And he demanded more regulation on every part of the U.S. economy due to climate change. I called the co-host of my daily television show after the speech. I told her that if I passed out and woke up in the hospital, tell the doctor my malady is the fact that "I studied economics." The President had challenged his own thesis. Every one of those proposals adds to the costs of manufacturing. He offered three reasons why wind turbines cannot "be built in Pittsburgh." Well, I suppose they could. But it would take a significant amount of heel-clicking and centralized planning. That was my key takeaway from the event last night. That... and the fact that we're facing the greatest level of dirigisme in U.S. history if all these proposals pass. What I Told Rob Booker on Wednesday Central planners will use any problem to justify government intervention into our lives. I'm pretty middle of the road. Still, I question if government leaders understand why U.S. GDP growth may hit 6.5% in 2021, as predicted by the IMF. I ask if they know why second-quarter GDP might explode to 10% in the coming quarter. It's NOT the government. It's the consumer who has built up one of the most incredible bouts of demand in 100 years. The consumer will drive the bulk of the economic growth. Not infrastructure. Not military spending. The CONSUMER. Consumer spending is 70% of the U.S. economy. And they're sitting on gobs and gobs of cash in the wake of the COVID-19 pandemic. They’re about to spend like sailors on shore leave. In fact, I'm predicting that GDP will be even higher than official projections. That's right. U.S. GDP could hit 7% or more this year. Why? The consumer. American consumers are sitting on TRILLIONS in cash and other liquid assets. American consumers had a savings rate of nearly 20% in January... with stimulus still arriving. They're tired of being indoors. They're sick of lockdowns. They want to go out and spend money... and not on computers and televisions. They want to pay for EXPERIENCES. Real, human experiences. And I hate to be the bearer of bad news to the government – but I don't think consumers are worried about their carbon footprint... TripAdvisor says that 67% of Americans plan to travel this summer. Money is about to flood theme parks, expensive restaurants, and retail centers. Cash is going to spread across casinos, high-end hotels, and other consumer-facing companies. I told Rob Booker yesterday during our live event that we're on the verge of AN EXPLOSION of consumer spending. Watch the recap right here. The incredible March-ending earnings reports we've seen this week are great. Year-over-year growth from Big Tech and e-commerce exploded. But that was Q1 compared to the same time last year. Wait until the earnings reports from Q2 and Q3 by companies shuttered during the Pandemic. The numbers should reflect year-over-year rebounds that send investors flooding back... I'm talking about the earnings and cash flow of certain travel, hotel, airline, and theme parks... This is why I'm riding this REOPENING TRADE very hard. And I'm doing it before people start to think about those reports. I'm calling this year's spending and economic growth the beginning of the NEW ROARING '20s. You need to see this for yourself. This is only going to be available for rebroadcast for a few more days. Check it out, again, right now. Garrett {NAME} P.S. I've handpicked THE TOP EIGHT COMPANIES that I expect will see huge gains over the next 60 to 80 days. You can ride this trend as well. And you can use a straightforward strategy to maximize your returns and limit your risk. Again, there's very little time. By next week, we'll start talking about peak vaccination and peak travel season. And, by then, people will already be looking to the next earnings season. [Jump aboard now.]( © 2021 Godesburg Financial Publishing, Inc. DISCLAIMER: COMMUNICATIONS FROM GODESBURG FINANCIAL PUBLISHING (GFP) AND EMPLOYEES ARE FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY – NOT INVESTMENT ADVICE: GFP and all the services it offers are for educational and informational purposes only and should NOT be understood to be securities-related offers or solicitations. 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