Peak Economy, Peak Earnings
- The tax cuts produced a boom in economic growth, but the effects look set to peter out.
- The tax cuts also unleashed some headwinds that could gather force, like rising rates and yields and a rising dollar, a pretty dangerous cocktail for the world economy.
- Earnings are set to peak and even if we avoid crisis like a spiraling Italian bond market or Chinese economic growth keeling over, the prospects look considerably dimmer.
Source: Peak Economy, Peak Earnings | Seeking Alpha
Tags: Economy · The Markets