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Zero Hedge — Treasury Forecasts Tax Reform Will Lead To Longest Period Without Recession In History

Summary:
That's quite a crystal ball they got there at Treasury. It is unclear what is more ridiculous: that the propose gift to corporations will not only pay for itself but lead to a perpetual engine of trickle-down economic growth, one which has been refuted in every single instance in history, or that the Treasury expects the US economy to continue for another decade without a recession, which in 2027 result in an 18 year period of continuous growth since the last official recession ended in 2009, the longest period without a recession in history.   ZH gets this right, but the rest of the post is not worth reading.Zero HedgeTreasury Forecasts Tax Reform Will Lead To Longest Period Without Recession In History Tyler Durden

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That's quite a crystal ball they got there at Treasury.


It is unclear what is more ridiculous: that the propose gift to corporations will not only pay for itself but lead to a perpetual engine of trickle-down economic growth, one which has been refuted in every single instance in history, or that the Treasury expects the US economy to continue for another decade without a recession, which in 2027 result in an 18 year period of continuous growth since the last official recession ended in 2009, the longest period without a recession in history.  

ZH gets this right, but the rest of the post is not worth reading.

Zero Hedge
Treasury Forecasts Tax Reform Will Lead To Longest Period Without Recession In History

Tyler Durden
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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