>Trying to decide whether that means you actually agree with POTUS that rate rises are having an effect on the boom.
OF COURSE THEY DO.
They sparked the boom and the Fed is trying to moderate it, hence the downturn.
With full employment (because of Fed easing), future growth at those rates can only cause inflation.
>
>As for the inflections: share market falls from record prices are one thing, but how about capital spending? Manufacturing jobs? Small business confidence? How about the Quinnipiac results of 70% of US voters saying the economy is excellent or good?
All of those things are a direct result of the Fed's policies
>>E.g. you had said the tax cuts would go to the rich-
They did.
When you cut marginal rates the highest rated payors benefit most.
>> so what's the cause of those 3 inflections and wide voter confidence specifically?
Can't speak to blips.
The trend is inescapable and it began in 2009.
Anyone who does not go overboard- deserves to.
Malcolm Forbes, Sr.