Here are your latest donwgrades for growth expectations

[transporter]

The OECD:

21/11/2018 - Global economic growth remains strong but has passed its recent peak and faces escalating risks including rising trade tensions and tightening financial conditions, according to the OECD’s latest Economic Outlook.

...

The Outlook says trade tensions have already shaved between 0.1 and 0.2 percentage points from global GDP this year and estimates that if the US hikes tariffs on all Chinese goods to 25%, world economic growth could fall to close to 3% in 2020. Growth rates would drop by an estimated 0.8% in the US and by 0.6% in China. The Outlook shows that annual shipping traffic growth at container ports, which represents around 80% of international merchandise trade, has fallen to below 3% from close to 6% in 2017.

Goldman Sachs:

"Growth is likely to slow significantly next year, from a recent pace of 3.5 percent-plus to roughly our 1.75 percent estimate of potential by end-2019," wrote Jan Hatzius, chief economist for the investment bank, in a note to clients on Sunday. "We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration."

...

JP Morgan:

JP Morgan economists expect economic growth to slow down in 2019, to a pace of 1.9 percent for the year.

The economist say the slow down from a "boomy" 3.1 percent in year-over-year fourth quarter growth will come as fiscal, monetary and trade policy get less supportive or more restrictive.

...

The economists expect that growth will hold above 2 percent in the first and second quarter, at 2.2 and 2 percent respectively, before falling to 1.7 percent in the third quarter and 1.5 percent in the fourth quarter. The economy last grew at less than 2 percent in the first quarter of 2017.

Everyone of these outlets notes trade and fading impact of stimulus (tax cuts) as reasons. Gee, where have I read that before?

Trump and the R's in Congress did everything wrong. Tax cuts are only stimulative for a short period of time (Gilligan never understood this). Excess govt spending helps but the growth of spending can't continue at this rate. We have an inept, incompetent and unfit President who is being advised (sort of) by an equally incompetent crew of psuedo economists.

So we got a short term boost....that lasted 2 quarters and is now over. 2 quarters of above trend growth in exchange for $1 to 1.5 trillion of excess debt (in a rising interest rate environment).

 

[Hijinx]

Growth is up to the democrats now. They have charge of the economy, the budget, and the House.

Their getting elected is what killed the boom, and if they do what they claimed they will do they will kill it even further.

Lets watch Nancy and her minions go.

 

[GURPS]

Trump and the R's in Congress did everything wrong.

Still a matter of OPINION .... just because it does not follow YOUR World View

Tax cuts are only stimulative for a short period of time (Gilligan never understood this). Excess govt spending helps but the growth of spending can't continue at this rate.

ah yes the dismissive derision from the smartest mother ####er in the room

We have an inept, incompetent and unfit President who is being advised (sort of) by an equally incompetent crew of psuedo economists.

and who would recommend as 'competent' Mr Krugman


you are a little slow on the up take Sugar Tits Zero Hedged Covered this on MONDAY

http://forums.somd.com/threads/335104-The-End-Of-The-Tax-Cut-Boost


Do you really think you are changing anyone's mind here, with your derision, dismissive attitude and contempt for anyone NOT Holding YOUR Opinion or World View

Every post you make is against anyone or any group that doesn't conform to your propagandist viewpoints.

 

[BOP]

If I only had a brain!

#summarized