For over 30 years, Gary D. Halbert has been publishing newsletters for the investment community. Now you can receive his FREE Forecasts & Trends E-Letter delivered each week to your e-mail inbox. Gary covers the latest economic forecasts and market analysis, and you'll enjoy his always-spirited political commentaries.

This Week's Forecasts & Trends E-Letter

Trump Packing Federal Courts With Conservative Judges

October 17, 2017

While the mainstream media remains obsessed with President Trump’s tweets and other controversial statements, the Commander-in-Chief is quietly packing the federal courts with conservative, originalist judges who are not only very smart but also relatively young.

President Trump took office with more federal court vacancies than any of the last five presidents, with the exception of Bill Clinton. And Mr. Trump is wasting no time filling them: he has already made almost 60 nominations to the federal courts and has dozens more coming.

The president is literally remaking the judiciary with young conservatives who believe in the literal interpretation of the Constitution. Since the media is so obsessed with Mr. Trump’s unusual antics, they either haven’t noticed or are too busy bashing him for other things. It is for that reason that I want to let all of my clients and readers know about this good news.  

Before we get to that discussion, let’s take a look at a couple of economic reports from last week. The September retail sales report last Friday was the strongest in 2½ years. The International Monetary Fund last week increased its estimate of global economic growth from 3.2% to 3.6% this year and raised its 2018 estimate to 3.7%.

Finally, we’ll look at the latest figures on the federal budget deficit for FY2017, which came in at a whopping $668 billion, up $82 billion over FY2016. This is a troubling trend that unfortunately looks to continue. Following that, I’ll get to our main topic today.

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