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