His trade policy is having an effect on China:
Trade tensions with U.S. blow hole in budget for China’s newest aircraft carrier.
I don't recall these numnuts talking the economy down during the Obozo years. It was more like saying 1.6% was the new normal (for us little people)...
basing their gloom on the idea of the “sugar high” of the tax cuts ... wearing off next year.
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The effect of the tax cuts hasn’t more than begun to hit. The high so far is more release of pent-up demand as over-regulation has been rolled back.
The more likely thing to stall the economy is the combination of debt and rising interest rates, if the rise faster than growth can cover for them.
Why they say that the recession of 2008 ended in 2009 and then was followed by a recovery of 7 years boggles the mind. Anyone with a functioning brain could see that the recession started in 2008 and lasted about 9 years. Recovery only came in 2017. They only say the recession was in 2008 so they can pin it on Bush alone, and Obama gets an anemic recovery, and a tenuous claim to the current economic boom.
If we have 4% GDP growth...and then fall back to 3.5% GDP growth the media will declare it a recession. If we add 200,000 jobs per month and then fall back to 100,000, the media will declare it a recession.
From the perspective of the media, it is an expectations game. If X is expected to get 49% of the vote in GA and actually gets 49.1% then she wins.
So, anyone who is a Keynesian is absolutely incapable of economic forecasting. They will be wrong more than right by a factor of 50.
Krugman is one of the biggest examples of idiocy rising to the top when they are incapable of being right. He won the Nobel prize in economics with theories that a 3 year old could have blown holes in, and when put to economic test, failed so miserably he should have beef forced to return his award and the cash that went with it.
I disagree. If by trade dispute he means import tariffs then he is wrong. Import tariffs decrease demand for imported goods( and foreign labor that produced the goods). No US workers are harmed. It doesn't hurt our economy it hurts the Chinese economy.