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Fri May 24, 2019, 09:46 PM

Trump's policies are bad for business.

How long will it take for our GOP legislators to care?

...JPMorgan on Friday cut its second-quarter growth estimate to a 1.0% rate from a 2.25% pace. Growth is mostly slowing as last year’s massive stimulus from the Trump administration’s tax cuts and spending increases fades.

The dollar slipped against a basket on currencies in thin pre-holiday trade. U.S. Treasury prices dipped, while stocks on Wall Street were trading higher. U.S. markets are closed on Monday for the Memorial Day holiday.

Economists said the raft of weak data, uncertainty over the trade war and sluggish global growth could force the Federal Reserve to cut interest rates. The U.S. central bank recently suspended its three-year interest rate hiking campaign and last month showed little desire to alter its monetary policy stance....

“That does not bode well for future production,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. “It is becoming clear that whatever boom the tax cuts may have created, if they did much at all, is largely gone.”


Read more: https://www.reuters.com/article/us-usa-economy/weak-us-manufacturing-underscores-slowing-economic-growth-idUSKCN1SU1HB
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Reply Trump's policies are bad for business. (Original post)
mia May 2019 OP
Skittles May 2019 #1
RainCaster May 2019 #2

Response to mia (Original post)

Fri May 24, 2019, 09:49 PM

1. big surprise

NOT

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Response to mia (Original post)

Sat May 25, 2019, 02:04 AM

2. The only logical response to this is "Duh!"

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