MAGA Economy Gets Mixed Review In GDP Report, While Trump’s 3% ‘Miracle’ Is Wiped Off The Board
We now have a fresh, comprehensive read on the state of Donald Trump's pedal-to-the-metal MAGA economy, which, if the president had his way, would be firing on every possible cylinder thanks to debt-funded fiscal stimulus, aggressive rate cuts and large-scale asset purchases by a captive Fed.
But, back in reality, the fiscal impulse that made 2018 such a banner year for corporate America and insulated the US from the burgeoning downturn abroad is waning. Although the June payrolls report, a hot