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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.
We'll see who is right. Hopefully, for the sake of the nation, Kudlow is right.
" Kudlow is right" I agree.
To have any credibility for the 10 economists, give what they predicted in the past about the economy.
I recall MANY, probably some of the same, saying we were going to go into DEEP recession due to the Trump tax cuts, etc.
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I recall MANY, probably some of the same, saying we were going to go into DEEP recession due to the Trump tax cuts, etc.
Fake news? Many predicted they would not pay for themselves despite the lies from the trump administration. And the naysayers were correct. We are looking at trillion dollar annual deficits now during a supposed economic boom
Which economists said it would implode when Trump got elected? That's news to me.
"Which economists said it would implode when Trump got elected? That's news to me."
NOT our fault you DON'T follow the news!
"Oct 29, 2016 Simon Johnson Can the global economy, still coping with the aftermath of the 2008 financial crisis, withstand the shock of Donald Trump’s victory? Is a world recession now inevitable?
WASHINGTON, DC – With the United States’ presidential election on November 8, and a series of elections and other political decisions fast approaching in Europe, now is a good time to ask whether the global economy is in good enough shape to withstand another major negative shock. The answer, unfortunately, is that growth and employment around the world look fragile. A big adverse surprise – like the election of Donald Trump in the US – would likely cause the stock market to crash and plunge the world into recession'
"So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened."
Bill Maher said Friday that he is "hoping" for the bottom to fall out of the economy and for the country to enter a recession so we can "get rid of Trump." He said one way to do that is a "crashing economy." Maher said he is "sorry" if it hurts people, but rooting for a recession is a prevention measure to losing democracy.
"Can I ask about the economy because this economy is going pretty well? I feel like the bottom has to fall out at some point. And by the way, I'm hoping for it. Because I think one way you get rid of Trump is a crashing economy. So, please, bring on the recession."
And....just like that, there's a hiring surge for April and the unemployment rate drops to 3.6%, the lowest since 1969. And economists didn't see it coming.
It's all political and social propaganda.
It's understandable that economists have biases and prejudices, but it is unconscionable for them to allow those biases and prejudices to affect their judgment.
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.
We'll see who is right. Hopefully, for the sake of the nation, Kudlow is right.
Thus far these top economists are not looking too good. 3.5% unemployment rate, and record high Dow....
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