Tag Archives: Trump administration

Since Donald Trump became US president, his core economic agenda has been sidetracked repeatedly by so-called cultural issues. However, now the administration is stepping up its tax reform effort. Even so, other issues threaten to derail this agenda item too (like nuclear war on the Korean Peninsula!). Of course, it’s not even clear we’re talking about tax reform here. Much more likely, Trump has sold out and is now merely pushing for tax cuts for the wealthy. Nevertheless, the risk to the...

In sum, while Donald Trump, the cultural warrior, is failing as President on the economic front, not helping get us to the 3 or 4% growth he promised, he isn’t cratering the economy yet either. A US debt default or a military war could certainly change that though. The US economy has been resilient. We are now back to 2% growth after a mid-cycle pause due to the (partial) bursting of the shale oil investment bubble. But, since we are in the ninth year of this economic expansion, you have...