Posted February 2018
As of 1/31/18 everything looked pretty rosy. That was then this is now.
In that short 9 days we have been forced to watch the Washington “Reality Show” at full volume. I keep wondering where all of the centrist Senators and Representative have gone to. We did the right thing with a large, long overdue business tax cut but were wrong to have no offsetting tax increase or spending cuts. On top of that mistake, in the last 24 hours we have seen a bargain between the two main parties to avoid a government shutdown by raising spending again for both military and social programs. Any economist will tell you that we are on an unsustainable fiscal path. It now appears that financial markets are expressing concern with our lack of control by a major equity sell-off. Forecasting just got a lot harder.
As always we encourage your questions, comments and especially, constructive criticisms,
What does this mean? Want to read more?