MUFG Union Bk's Chris Rupkey noted....>

US DATA REACT: MUFG Union Bk's Chris Rupkey noted US "GDP is winning the race on

growth even earlier than the Trump admin expected," citing 3.2% in the 3Q "with

plenty of strength in business investment even before those massive tax cuts

take effect."

- He adds US Tsy "1-pager analysis has GDP rising just 2.5% next yr and it won't

hit the magic 3% warp speed growth rate that creates jobs, jobs, jobs until year

2020."

- He said "only fly in the ointment of the Tax Cuts and Jobs Act" is that

"unemployment claims are hovering just above levels not seen since the 1970s.

This means the economy is moving deeper and beyond the full employment zone,

whereas business has discovered there are no workers out there to hire."

- "Stay tuned," he said. "The economy is rock solid for now and with fiscal

stimulus kicking in next month, the economy's afterburners could put this

economy's rocketing growth rate into even higher orbit. We've never seen a

Congress in history serve up tax cuts on a platter to businesses and individuals

unless the economy was in recession."