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Old 11-21-2018, 05:08 PM
Status: "think locally, act yokelly." (set 27 days ago)
 
Location: Clyde Hill, WA
3,374 posts, read 589,823 times
Reputation: 1025

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https://www.cnbc.com/2018/11/21/trum...n-in-2020.html

A group of 10 economists predict a decline in growth back to 2.4%. The factors cited are the trade wars, the interest rate hikes by the fed, and the fading impact of Trump's tax cuts.

Quote:
Economists point to a number of factors for the slower growth, but topping the list of scare factors for markets are those Fed interest rate hikes as well as the impact of tariffs and trade wars, should they continue. Economists do not foresee a recession next year, but by 2020, one seems more likely, some economists said.
Trump's chief economic advisor, Larry Kudlow, is singing a different tune. He says that recession is so far in the distance that he "can't see it."
https://thehill.com/homenews/adminis...-i-cant-see-it

We'll see who is right. Hopefully, for the sake of the nation, Kudlow is right.
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Old 11-21-2018, 05:15 PM
 
6,435 posts, read 9,959,958 times
Reputation: 8001
Most of these economist were the same ones saying the economy would implode as soon as Trump took office which of course turned out to be complete and utter BS. Unlike the previous inept administrations, he actually understands the economy and knows what he's doing.
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Old 11-21-2018, 05:31 PM
 
Location: Fredericktown,Ohio
6,954 posts, read 4,424,494 times
Reputation: 2764
I used to love making predictions on the economy and my record of having it right was horrid and some were huge misses. So with that said I think Goldman has it right and there will be a decline in growth back around the 2% range. It looks like a perfect trifecta of rising interest rates, tariff war, and the tax cuts having less of a impact going forward on growth. Add in the stock market that is over due for a correction and some have predicted it could be in the 50% range.

I say it is in the cards there are just to many factors for growth to continue and a 2020 recession sounds about right.
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Old 11-21-2018, 06:00 PM
 
Location: San Francisco, CA
13,987 posts, read 10,930,642 times
Reputation: 12772
Quote:
Originally Posted by allenk893 View Post
Most of these economist were the same ones saying the economy would implode as soon as Trump took office which of course turned out to be complete and utter BS. Unlike the previous inept administrations, he actually understands the economy and knows what he's doing.
LOL.... famous last words.
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Old 11-21-2018, 06:02 PM
 
26,705 posts, read 9,085,250 times
Reputation: 9311
Misery loves company.
There is nothing more miserable than the hate filled democrats wanting to crush prosperity to keep Trump from another term. Ten economist in the collective against one outside of it is a surprise. They could have easily got 100 to say the same thing. All jockeying to get the job Larry Kudlow has under a liberal democrat admin.
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Old 11-21-2018, 06:06 PM
 
Location: Sonoran Desert
29,352 posts, read 39,775,069 times
Reputation: 18792
Quote:
Originally Posted by Swingblade View Post
I used to love making predictions on the economy and my record of having it right was horrid and some were huge misses. So with that said I think Goldman has it right and there will be a decline in growth back around the 2% range. It looks like a perfect trifecta of rising interest rates, tariff war, and the tax cuts having less of a impact going forward on growth. Add in the stock market that is over due for a correction and some have predicted it could be in the 50% range.

I say it is in the cards there are just to many factors for growth to continue and a 2020 recession sounds about right.
Add debt that is spinning out of control. All of these are self-inflicted wounds. Trump and the GOP are blowing up the recovery.
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Old 11-21-2018, 06:07 PM
 
38,230 posts, read 14,933,179 times
Reputation: 24637
Quote:
Originally Posted by travis t View Post
https://www.cnbc.com/2018/11/21/trum...n-in-2020.html

A group of 10 economists predict a decline in growth back to 2.4%. The factors cited are the trade wars, the interest rate hikes by the fed, and the fading impact of Trump's tax cuts.



Trump's chief economic advisor, Larry Kudlow, is singing a different tune. He says that recession is so far in the distance that he "can't see it."
https://thehill.com/homenews/adminis...-i-cant-see-it

We'll see who is right. Hopefully, for the sake of the nation, Kudlow is right.
This sounds about right.

GDP was goosed last quarter by those trying to get orders in ahead of tariffs.

The payday loan tax scam turned into stock buybacks and paying off loans and even that's wearing off.

New job growth is slowing down and just read where the real estate market is slowing down in a lot of areas, including ours.

All signs are that things are winding down.
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Old 11-21-2018, 06:10 PM
 
Location: The Republic of Texas
66,546 posts, read 33,809,529 times
Reputation: 14259
Quote:
Originally Posted by travis t View Post
https://www.cnbc.com/2018/11/21/trum...n-in-2020.html

A group of 10 economists predict a decline in growth back to 2.4%. The factors cited are the trade wars, the interest rate hikes by the fed, and the fading impact of Trump's tax cuts.



Trump's chief economic advisor, Larry Kudlow, is singing a different tune. He says that recession is so far in the distance that he "can't see it."
https://thehill.com/homenews/adminis...-i-cant-see-it

We'll see who is right. Hopefully, for the sake of the nation, Kudlow is right.



They know the fed is going to raise interest rates, so Trump looks bad, with Pelosi holding the purse.
They did it to Bush. They are going to do it to Trump.
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Old 11-21-2018, 06:16 PM
 
Location: San Francisco, CA
13,987 posts, read 10,930,642 times
Reputation: 12772
Quote:
Originally Posted by BentBow View Post
They know the fed is going to raise interest rates, so Trump looks bad, with Pelosi holding the purse.
They did it to Bush. They are going to do it to Trump.
Monetary policy is all a liberal conspiracy!...
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Old 11-21-2018, 06:29 PM
 
1,794 posts, read 455,560 times
Reputation: 1616
Quote:
Originally Posted by allenk893 View Post
Most of these economist were the same ones saying the economy would implode as soon as Trump took office which of course turned out to be complete and utter BS. Unlike the previous inept administrations, he actually understands the economy and knows what he's doing.
Which economists said it would implode when Trump got elected? That's news to me.
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