We’ll see Mr. Trump.
It is fair to say that the economy, at least on the ground does have vigor to it. That is certainly the case where we live. Employers are competing for talent in a very desirable area of the country. This is the first time since the tech BUBBLE that we’ve seen this on a broad scale.
There are however serious challenges to the underpinnings of the economy. The Fed has expanded and expanded and expanded and the piper will have to be paid eventually. Rates will move higher and things will cool. How cool is an important question. And the biggest question is whether the next downturn created by the Fed is a surface level downturn or a deep systemic downturn. Either could happen or it could be a combination of the two. Things like $20 trillion debts don’t just disappear into the ether. They have consequences.
Another thing that is fair to say is that the country does feel like it wants to do business. This stands in stark contrast to the Obama and even Bush years.
It should also be noted that we have strong disagreements with President Trump on a number of economic issues. Important ones.
President Donald Trump pitched his economic record to voters Friday, boasting that strong numbers released earlier in the morning were “sustainable” and blasting Democrats for wanting to “raise everybody’s taxes.”
“We’re going to go a lot higher,” Trump said, referring to the report that showed a 4.1 percent rise in gross domestic product during the second quarter. It was the highest quarterly jump in nearly four years.
During a speech on the White House South Lawn, he predicted that the country was on track for its highest annual growth rate in over 13 years.