- While the economy is booming, it’s hard to detect a real break in the post-financial crisis recovery in hard data covering growth, job creation, and wages.
- The high growth in Q2 was substantially boosted by fiscal stimulus and one-off factors, and we don’t think 4%+ growth is sustainable for very long.
- There is a positive trend break in some data though, corporate profits, the stock exchange, and especially business and consumer confidence, creating a feel-good factor.
- And these latter changes are undeniably the result of the Trump government policies.
The Feel-Good Economy
October 3rd, 2018 · No Comments