End of economic sugar high

Patrick W. Watson


... “sugar-high inflationary rally” is a pretty good description for 2018 ...

Business tax cuts enabled trillions in stock buybacks, which increased earnings growth and drove share prices higher. The resulting “wealth effect” enhanced consumer confidence — at least for those who own stocks — and made them spend more freely.

President Trump’s tariffs, both threatened and actual, made importers accelerate purchases and build inventory to get ahead of new taxes ...

... sugar-stimulated kids do crazy things. So does a sugar-stimulated economy ...

https://www.forbes.com/sites/patrickwwatson/2018/12/04/this-is-the-end-of-trumps-economic-sugar-high/#2e6ef2a65238