While recent changes to US tax laws have triggered part of the recent boom The Tax Cuts & Jobs Act of 2017 as you know substantially reduced individual and corporate taxes, and also lowered the tax bite to repatriate billions trapped offshore in business accounts. How long will Goldilocks have her way in this late stage Bull Market for business? economy runs on 70% consumer-driven spending for fuel, it is probably a good idea to keep them in La-La Land for as long as we can.īut as the party continues outside, I am also hearing from the subtle concerned voices inside about what if anything a CEO or business owner can do to prepare for a potential downturn (aka future recession) and stay one step ahead of their competitors. The evidence is all around us.Īnd I am confident you can feel the growing enthusiasm when you speak with customers and employees who will likely altogether contribute well to the bottom lines of American businesses this Christmas season.Īs far as consumers go, despite all the media head-fakes and White House melodramas this year the typical consumer seems oblivious to all the noise, like a 3-year-old at Disneyland.Īnd given that our U.S. And with unemployment rates lingering below 4 percent consumers are not only busy working, but also busy spending. But as the economy starts to cool in 2019, will Goldilocks stick around after dinner?Īs of mid-September, all three major stock index averages, Dow, S&P, and Nasdaq are at or near record highs. And things continue to look good economically now and for the next six months. This figure was revised upward reflecting more business-spending on software, and the forward trend looks to sustain a robust 3% annual growth rate for all of 2018. Consider this the US economy grew at an impressive 4.2% annualized growth rate in the second quarter of 2018.
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