Market Comments | pomonawealth

Pump it up, Uncle Sam!

The US economy does not look in serious need of stimulus. Unemployment stands at just 4.1%. Wages are rising albeit slowly and in December more than three million Americans quit their jobs, the second highest reading on record. In 2017 the economy grew by 2.5%. With the economy so strong, who needs more stimulus? Most of the stimulus will come from tax cuts that President Donald Trump signed into law in December. These are worth 0.7% of projected GDP in 2018 and 1.5% of GDP i

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