Friday, December 07, 2018

Sadly, I read an article before the elections that stated that Hillary Clinton would be considered a successful President if elected not because she was really good but because she was riding a wave of economic growth that would last through 8 years of her presidency. Yes the economic grown and bull Market have been going a record 9 years (started early during Obama's tenure....) but the forecast still predicted further growth. OK, that forecast was wrong about Hilary becoming President... but I am now hearing market forecasts that are downgrading predictions - thanks partly to Trump's Tariffs. Trump has already started strong-arming the Federal Reserve to stop the scheduled (planned) interest rate increases because of the worsening economic forecasts. They actually had a multi year schedule for rate increases because of strengthening economic forecasts .... but those forecasts are being trashed.... 2 years into the Trump presidency.

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