The economy is not as great as Trump says.
In a new Monmouth University poll , the Trump tax cuts have lost 1/3 of the popularity they had in January, and now only 1 in 3 Americans approve of the tax cut.
Most economic forecasters believe that economic growth in 2019 will be less than it is this year.
Spending on business equipment has fallen so far this year
We are at "full employment", but wage growth remains stagnated. Wages have not grown under Trump any more than they grew under Obama.
The tax cut has mainly resulted in companies giving cash back to shareholders.
Trump said that the tax cut would ignite a frenzy of business spending. That has not happened.
The US Chamber of Commerce says a survey reports that only 38 percent of American business plan increased investment in the next 3 years.
Morgan Stanley reports that their research shows that business investment has "peaked" for now.
Trump's trade war is not helping.
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Trump says "The greatest ever!"
So that must be true.......
Why do many right wingers and Republicans believe the economy is the "greatest ever" ? Because their Supreme Leader told them so.
He creates "reality" out of thin air and/or exaggeration. All houses of cards eventually collapse though.
No.
The economy is doing well... according to certain criteria.
Not so well, according to other criteria.
Not so well as under Obama.
But hey! A reader must make a teeny-tiny effort to collect some data, in order to know whether Trump's trumpeting is true or false. And somehow... I do not see the Unthinking Faithful TM making that effort. https://thenewstalkers.com/data/media/0/0/jrSmiley_35_smiley_image.gif','Oh no you don't');">
Looks like the Fed is headed for two more rate hikes this year in an attempt to slow the overheating economy. As your article a couple weeks ago pointed out inflation has already blown past the Feds two percent target rate.
They won't have to the "overheating economy" is about to cool alarmingly.
All the gains in the market in 2018 have already evaporated and working on last year's gains.
Retail is imploding, store closings are accelerating, that's the largest employment sector. Which means sales tax revenue is going to drop big time. As will the income tax revenue.
Small family farms are shutting down daily. The trade war will wipe out a bunch. In example, China stopped buying and cancelled future contracts for soy beans and sorghum. 1/2 of all US production of soy is planted for China.
Insurance companies just put us on notice for 19% - 30% rate hikes this year.
Imported foods are going to get expensive and more costly to transport.
Your $49.95 water pump for your car is going to be $64.99.
So far we have tax revenue loston two sections employment and sales. And expenses are going to jump putting a further squeeze on the consumer.
The market was on a steady upward trajectory for years. 10 months in to Trump's term it's declining and shaking like it was a polygraph tied to Trump's arm.
It's not overheating, it's about to break and not one Republican has a clue or the balls to say something....that just about every economist agrees on...it's coming.
Maybe Trump should check this out, of course it would burst his bubble.