Do you work in finance? I do. Trump is the most business friendly president since Reagan I am told. Plus Obama dealt with super cheap monies. Trump may not be your cup of tea but in terms of the economy his is a killer. Just sucks he has not addressed entitlements
I do not want to beat a dead horse here, but what has Trump done that Obama did not do as far as the economy?
not one single economic measure is on a different path than it was on Nov 9 2016.
Corporate confidence. He is is seen as a business friendly Pres
So, some random, un-measurable emotion.
I guess you have to take what you can get.
It is measurable as you can see from the economy. I recently Attended a conference and a BNY Mellon economist praised our economy and actually our unemployment is too low if you can believe it.
On one hand you call stats meaningless and then then other you say that things are "measurable". You cannot have it both ways. you never offer anything but platitudes and anecdotes.
This confidence you keep speaking of is leading to corporations taking on massive debt, the wrong thing to do during a boom, be it a country or a corporation
Did the BNY Mellon economist speak of the coming correction/recession? They can only be held off so long, our system was designed to fail on occasion as a method of control.
.
Her name is Liz Young. You may Google her. She said zero chance of recession this year and at best 10% chance next year. I gave you stats? 3% unemployment. More jobs than people to fill them. This creates issues with commutes, utilities and a strong dollar impacts trade. As she said, what other currency do you trust more? EUR? No. British Pound? No. Yen? No.
Because employers are fighting for new skilled employees and trying to retain their values ones, for
the first time in a long time, wages are going up notably. Now this creates inflation so BNY foresees one more rate increase this year.
In terms of debt, a lot of it is from shadow banking not true commercial banking. So you’re looking at debt funds, asset managers, etc. The next possible bubble is student loan debt.