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The Trump Economy Half A Year After The Tax Cuts

July 4th, 2018 · No Comments

  • Half a year after the tax cuts the economy is on sound footing and unemployment at multi-decade lows.
  • Proponents of the tax cuts claim they are responsible for an economic revival.
  • While we don’t exclude the possibility that this revival might still arrive, nothing in the figures suggests that the economy has been propelled on a higher growth path yet.
  • There is one constituency with demonstrable gains though, shareholders. The stock exchange undoubtedly showed a Trump induced acceleration which no other¬†variable shows.
  • But it remains to be seen how that continues as dangers are lurking from many sides.

Source: The Trump Economy Half A Year After The Tax Cuts | Seeking Alpha

Tags: Economy · Public sector deficits and debts