All of us should be happy about the present economy.

Not only in the US, but in the world.

Yet we are fighting over the when and the what..

Does trump get the credit after one year?

Has he done something other then the tax gift? Was the tax cut the reason?

While it is clear that no single reason gets the credit. The tax cut must have some effect.

but many factors are involved.. The entire world major economy have recovered after the great recession and are going strong..

what are possible negative that could derail the good times?

3 dominant concerns... Economic inequality leading to war... the climate change problem... And the orange man, president of the United States..

This an interesting article, not very long, but too long to post.. Cover more then my short bits.. Yes, from the NYT but well balanced..

https://www.nytimes.com/2018/01/27/business/its-not-a-roar-but-the-global-economy-is-finally-making-noise.html


LONDON — A decade after the world descended into a devastating economic crisis, a key marker of revival has finally been achieved. Every major economy on earth is expanding at once, a synchronous wave of growth that is creating jobs, lifting fortunes and tempering fears of popular discontent.

No tidy, all-encompassing narrative explains how the world has finally escaped the global downturn. The United States has been propelled by government spending unleashed during the previous administration, plus a recent $1.5 trillion shot of tax cuts. Europe has finally felt the effects of cheap money pumped out by its central bank.

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The long convalescence has yielded a global recovery that is far from blistering in pace, and geopolitical risks threaten its demise. Many economists are skeptical that the benefits of growth will reach beyond the educated, affluent, politically connected class that has captured most of the spoils in many countries and left behind working people whose wages have stagnated even as jobless rates have plunged.

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The biggest concern comes from Washington, where the Trump administration has frequently vowed to punish Mexico and China for their lopsided trade balances with the United States — a step that would raise the cost of components used by American factories. In a sign that such talk has moved beyond rhetoric, the Trump administration this past week slapped protective tariffs on imports of solar panels and washing machines.

“You get into a trade war, that’s the real worry,” said Ben May, a global economist at Oxford Economics in London. “The impacts on global growth would be quite severe.”