Goldman Warns On U.S. Fiscal Policy: ‘We Are Heading Into Uncharted Territory’

Goldman Warns On U.S. Fiscal Policy: ‘We Are Heading Into Uncharted Territory’

The reviews on Donald Trump's ill-timed and ill-conceived fiscal stimulus just keep coming in and they are not, as Trump would have it, "tremendous." We've spent all kinds of time documenting why piling fiscal stimulus atop an overheating economy is a bad idea. We've also gone to great lengths to explain why that is especially precarious at a time when the Fed is attempting to run down its balance sheet and when a combination of factors (including, by the way, misguided trade policies) are cons
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7 thoughts on “Goldman Warns On U.S. Fiscal Policy: ‘We Are Heading Into Uncharted Territory’

  1. Great insights H. Thank you.

    The US is indeed headed into uncharted territory re: its fiscal policy.

    Unfortunately our monetary policy, governance and stupidity are in familiar territory, historically speaking. This is what the early death throes of an empire look like…

  2. It is inconceivable to me that banks that are now writing analyses detailing what a bad idea this fiscal policy is did not, in fact, pressure Republicans from passing this very budget. Maybe the lobbyists and economists are getting into drunken fights?

  3. Harvey you exactly right this sh*t is nothing but GREED. Take everything you can today and damn the future. If you are dumb enough to give it to us we’re going to take it you stupid Pavlov lemmings. What lies do you want to hear today? Well the fools have already killed our economy we just don’t know it yet. This is going to hurt a lot of people and there will be blood in the streets. Tell you what just say it now, “who could have known”, “our thoughts and prayers are with the victims and their families”, well one event bubble bursting and we are DOA.

  4. This isn’t anything that thoughtful people already argued about .. with the exception that GS is finally speaking out.

    IMO tax policy ought to be overseen by the Fed & Treasury to keep this kind of political influence from destroying our economy but just like with gun “rights” we’ll continue to follow along as we suddenly see the weakness that we accepted and created far too late to be proactive about any of it. Welcome to the United States .. influence for sale without regard to the damage it will likely create.

  5. well it looks like we are going to stair step up to Japan.
    crushing debt and go to near zero growth, per graphs we have all seen.
    thanks .gov & .CB’s around the world. keep a strong hedge, i know i will.
    it’s just a matter of time now, how sad for good people around the world.
    USA of old is done–look for opportunities elsewhere–i am doing that right now.
    one thing i think i know is the world will not stop consuming, energy, water and food.
    lots of luck to all.

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