There is No Question in the Minds of Americans that the Economy is Strong
There’s no question that the US economy is experiencing a big effect due to President Donald Trump’s policies, and that all the naysayers have been proven wrong, economic analyst Larry Kudlow said Sunday.
Mr. Kudlow, who advised Trump on the tax reform legislation passed in December, said he is expecting up to 4% growth annually.
He explained the economy has already grown at more than 3% for 3 Quarters running for the 1st time since 2005, which followed Bush 43’s tax cuts.
Mr. Kudlow also said, “The biggest beneficiaries from the tax cut are going to come to wage earners – ordinary working-class folks around the country. The companies themselves jumped in almost immediately and directly referred to the Trump tax cuts and said they want to provide higher wages right away to help a workforce that hasn’t seen wage increases since about Y 2000.”
However, Mr. Kudlow cautioned that there could be a “minor 3 to 5% correction in the stock market” due mainly to a similar percentage rise in interest rates and said that people should not be shocked if it happens.
When it does dip by 5% it is healthy, and bad sign for the overall economy or an indicator that inflation will be problematic.
Have a terrific weekend.