Trumps new problem: Theres growing talk of a downturn in 2019

[UpInArms]

“2018 is likely to be as good as it gets,” said Paul Ashworth, chief U.S. economist at Capital Economics. “The slowdown may not necessarily come in first half of 2019, but maybe the second half as there’s a bigger drag from tighter monetary policy and the fiscal stimulus wears off.”

In a further strike on the Trump economy, Goldman Sachs said the president’s deregulation push is having little to no effect on the economy. “Overall, our results suggest that non-financial deregulation has had a limited impact on the economy to date,” the bank wrote in a report over the weekend.

Goldman's research follows on the heels of a Morgan Stanley report last week that looked at what 556 companies are likely to do with their tax savings. The survey found 43 percent intend to fatten dividends and share buybacks. The next most popular use of the tax money is likely to be mergers (19 percent said this). Only 17 percent anticipate more capital spending and only 13 percent think higher wages are likely. A Bank of America survey in August of over 300 companies found similarly pessimistic expectations for how the tax savings would likely be used.

https://www.washingtonpost.com/news/wonk/wp/2018/02/13/trumps-new-problem-theres-growing-talk-of-a-downturn-in-2019/?utm_term=.35093deb7759

[Ohiya]

1. As Gomer Pyle used to say

Surprise! Surprise! Surprise!

[wasupaloopa]

2. That's typical of a republican controled government. We have all seen it. But they can weather the

storm because they have padded their nest before hand.

The down turn will increase unfunded pension liabilities, cause more foreclosures and bankruptcies, unemployment, lower tax revenues and calls to cut government spending on safety net programs. While those effected will be called takers. It is the same repub administration after repub administration.

If once the media would tell the truth maybe we could change the cycle.

[Vogon_Glory]

3. I suspect there will be

For the information of right-wing lurkers, this was something that that I remember at least one Republican commentator forsaw before the 2016 election. She thought it would knee-cap President Clinton’s effforts to help Democrats gain control of the Senate, and was pretty smug when she said it.

[Yo_Mama_Been_Loggin]

4. A big beautiful recession

Nobody fucks up the economy like I do - Donald J Trump