Category: fiscal stimulus

David Stockman fiscal stimulus infrastructure

David Stockman: ‘Now Comes The Black Swan With An Orange-Colored Hue’

“America’s economy is faltering not from too little infrastructure spending, but from too much debt—-$67 trillion of total public and private debt, to be exact. So it appears that the bond vigilantes are returning from 24 years of hibernation just in the nick of time to put the kibosh on the Trumpite/GOP’s latest hare-brained scheme to balloon the public debt.”

fiscal stimulus reflation tax reform Uncategorized

“Hope Versus Reality”: Goldman Illustrates The Trump Trade Fade

“This week the market struggled to readjust its expectations for US government policy following the move away from health care reform. Client conversations make clear that investors fall into two camps: The first group worries that the failure to “repeal and replace” the Affordable Care Act is a sign that other items on the policy agenda are less likely to be enacted than they had hoped. Others are encouraged about the shift in focus to tax reform as the new top priority for the administration.”