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Re: Wall Street predicts economy slowing dramatically as 2020 nears

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 20 Nov 18 4:11 PM | 90 view(s)
Boardmark this board | The Trust Matrix 		Msg. 27722 of 54959
(This msg. is a reply to 27721 by clo)
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There are plenty of folks who think it may look worse than slow growth.

When it happens, the Republicans will try to reduce what they call entitlements, but which are really support for the young, the elderly and the vulnerable. They will do so during a recession. Nice people.

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The above is a reply to the following message:
Wall Street predicts economy slowing dramatically as 2020 nears
By: clo in ALEA
Tue, 20 Nov 18 3:40 PM 		Msg. 27721 of 54959

This will kill Trump's chances, especially since he hyped how the tax cut would give us a booming economy!

Wall Street predicts economy slowing dramatically as 2020 nears
item.bylineText
BY TORY NEWMYER
with Bastien Inzaurralde

Federal Reserve Chairman Jay Powell recently suggested that economic conditions may be “too good to be true.” A new report from Goldman Sachs suggests he was on to something.

The bank is projecting economic growth will slow “significantly” in the second half of 2019 as the twin jolts from tax cuts and a bump in federal spending fade while the Fed continues raising interest rates. More precisely, it expects this year’s heady pace of 3 percent-plus growth will sink to 1.75 percent by the end of next year.

more:
http://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2018/11/20/the-finance-202-wall-street-predicts-economy-slowing-dramatically-as-2020-nears/5bf346a11b326b392905493e/?utm_term=.a43c40a2dc25

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