Re:The next recession
by crunchyfrog on Thursday October 11, 2018 @07:07PM
(#18197754)
> There are also reasons to be optimistic, for example, US corporate earnings are way up -- 2018 is up 20% over 2016 alone -- that's huge.
Isn't that mainly the result of the large cuts to corporate taxes? Deficits are also up as the article notes for the same reason making it harder for the US government to respond with stimulus in the event of a recession.
Isn't that mainly the result of the large cuts to corporate taxes? Deficits are also up as the article notes for the same reason making it harder for the US government to respond with stimulus in the event of a recession.