“Simply a function of math.”? I see, like the unemployment rate below 5%.
So there you have it, folks: there’s never been a better time to buy gold. Which is why I’m selling it.
“Let’s start with the Congressional Budget Office (CBO) and their projections...”
When I started out as an accountant, I thought up an account name that sounded impressive and would confuse people. "Prepaid Accrued Cash". Many intellectual discussions around staff lunch tables with that one. And now we have "Real Potential GDP".
And much of this article talks about one expense (interest expense, cost of money) as being the primary reason that economic growth / revenue (GDP) can't grow. Very interesting, similar to adding Social Security Numbers together and looking for a meaning or purpose.
Author is an idiot!
He thinks to have $1 of growth in the economy takes $3 of government debt. It’s not the debt that drives growth. The debt reflects that government has been spending more than it takes in. And that is reflective of poor economic results.
He ain’t listened to anything Trump has said. Instead he is looking solely at trends of our current incompetency and assuming more of the same.
Trump will soon have both the economy growing and debt shrinking. Then this idiot author will then assume that in order to grow the economy you have to shrink debt.
Nice article. Hey! Did you know NYC is ungovernable? And nationally milease is the rule. Yep. Because Democrats can’t fix any of these things no one can...
Get rid of the restraining departments and strangling regulations and return them to what they were in, say, 1969, and the economy will explode in growth.
(Oh, this needs to be done at all levels of government, not just the federal level. The states and counties have “fee’d” and regulated their companies into a low maintenance level with near zero growth.)
Oh gee, another “Trump will fail” article!
Under Trump, so many rules and regs will change that ANY prediction based on the current environment is useless.
meh
When tax rates for corporations go to 15% and off shore funds are brought homethen we will see
Projections = Dice
Just like Ronald Reagan, Donald Trump - whom the pundits, media and inside-the-beltway types view as a fool, a well-meaning dunce - will have to prove that it is those bloviating fools who actually don’t know what they are talking about. Since Trump is far more business-saavy than Reagan was, I would expect that the economic situation will be even better under Trump than it was under Reagan (assuming, of course, that he gets what he wants in a timely manner from Congress).
Anyhow, economic growth comes from productivity gains, which come from investments in human and technological capital. Business does that routinely, as does anyone who is educating him/herself. Remove the shackles of high taxes and onerous environmental and compliance-oriented regulations, and the growth that we used to experience naturally will return. In doing so, we will REDUCE debt (though not in Trump’s first year - that’s asking a bit much). Didn’t we have growth in the ‘90s while reducing government debt?
“Congressional Budget Office” — same office that said Obamacare would lower the cost of healthcare and be deficit neutral.
And there is no way Trump has a path to 270 electoral votes and Hillary Clinton is 98% certain to win
Projection, curves, maths... I’m impressed!
I project that the author predicted a market crash if Trump wins.
Zero Hedge?
More like, Zero respect for the American people.
Stuff like this are true....until it isn’t.
Of course, they mean little in the real world.
If Obama can keep the GDP growth in the positive range, Trump should be able to get to 4% quite easily, given the same conditions.