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In response to
"U.S. inflation winds, and bonds rising higher -- nm"
by
Bacon
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I had a banker say to me the other day “I feel like the economy was sort of humming along and they came in with this big tax cut/shakeup, and we just
Posted by
pmb (aka pmb)
Feb 5 '18, 21:52
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Didn’t need it. It messed with the balance.” Of course it’s not all that simple, but I think the reality of how it can heat up inflation and cause interest rates is starting to make people think after initial unbridled enthusiasm for the increased retained earnings of companies. This is a conservative guy who said this and generally welcome tax cuts and regulation reduction, but it just doesn’t make sense in a growing economy. This is what you should save for when stimulus is needed. Not for an economy that’s been growing for 8;years.
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Responses:
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