“The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.”
The U.S. economy is in very good shape — it has a strong underlying growth trend,” said Douglas Holtz-Eakin, an economist and president of the American Action Forum, a center-right think tank. “All of the risks are policy risks. They’re risks that the Fed didn’t get it right, risks that come with the clock — we’ve got to do the debt ceiling, we’ve got to fund the government.”
“But Powell stressed that there is a lack of clarity about what Trump would do. It's unknown whether he would deliver on tariff threats against Canada, Mexico, China and Europe. Nor is there much official guidance on how Trump would fund tax cuts that could add $4.6 trillion to deficits over a decade.”
https://finance.yahoo.com/news/trump-poised-inherit-strong-economy-120023064.html
the us economy is a house of cards. Countries moving away from the dollar makes its collapse inevitable. Nobody will fund our debt for dollars that aren't worth anything.
Economist here. Economists are full of sheet with no practical experience, just textbook jockeys.
the main current uncertainty is the Fed, since they recently reneged on their subtle promise that there would be rate cuts over the next two years
it's clear that all countries under threat of tariffs will fold under the pressure and give Trump what he wants by and large, just like last time he was in office, this will level the playing field for US exporters in foreign markets that have to deal with tariffs there
tax cuts will be 'funded' with real economic growth from increased foreign and domestic investment in the US, lower energy costs, and increased demand for US exports such as energy, food, and technology
only a strict Keynesian Communist would not be able to see through their uncertainty about this
the fact is that there is no 'smooth' economy to inherit. Trump and his supporters know that he is inheriting a basket case that has the same foundation as a house of cards
what is hidden in the numbers below, is that most of the 'People of color' hired in the last four years, were actually illegal immigrants, where all of the 904k lost white jobs were citizens
Sounds like BS to me. Biden and Harris are shitting their pants on the way out the door and leaving a big steaming turd on the rug for everyone to clean up. Is there anything the dems can't mess up? Oh well, off to get a nice, deep, tropical tan for a few weeks, hopefully they will let me back in through customs. See you dudes in a few weeks, Merry Christmas, you filthy animals!