Obama to Trump: you'll never get 3% growth. We got 3.9% now!

[Kirkland Laing]

It's cycles Brock. Anything Trump does is only going to be seen on a longer timeline. He has been President two years only. Plus I fully anticipate another global meltdown and I am not going to cry too much about it.

If US interest rates do keep going up it's going to blow things up. There are trillions of dollars of corporate/business debt in other countries denominated in dollars. If those loans start failing due to the dollar going up due to interest rates then it's going to cause big problems. Then everybody will be saying that the great economy of the late 2010s was actually illusory. And it is really. Heading for ten years into an economic expansion, rock bottom interest rates, first-in-history combination of low interest rates and high unemployment, previously central banks have always started banging rates up and creating recessions once unemployment hits 5%. This time because the recovery has been so poor they've kept them low and we now have less than 4% unemployment and everybody is talking about how strong the economy is. Well it isn't. It's still fragile as hell and it won't take much to fuck things up. We should have 4-5+% growth at this point in the cycle with these conditions and we can't crack three without cutting taxes and blowing the deficit up. And the US is currently running trillion dollar deficits in the middle of it. Just wait till the next recession.