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Finance capital is getting very positive about Trumponomics with its plans for cutting taxes (both corporate and personal), reducing the regulation of the banks and implementing range of infrastructure projects to create jobs and boost investment. But even assuming all this would happen under a Trump presidency, will it really get the US economy out of its depressingly slow crawl? In my last post, I doubted it. Now JP Morgan economists have taken a similar sceptical line.
They reckon Trump’s agenda will likely yield little impact on US employment and inflation in the next two years, while tax cuts will boost growth by only a modest 0.4 percentage points by the end of 2018 (i.e. over two years) at most.
full: https://thenextrecession.wordpress.com/2016/11/22/a-trump-boom/ _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
