• One of Trump's biggest accomplishments could make the next recession worse

    6 days ago - By Business Insider

    The $1.5 trillion tax overhaul signed by President Donald Trump last year could worsen the next recession, according to economists and strategists at Morgan Stanley.
    In a report on Tuesday, they likened the boost from tax reform to a "happy hour" after which the economy is vulnerable to a painful hangover.
    Financial markets have already priced in much of the boost from tax cuts, they said.
    Enjoy the tax cuts now, but brace for when next the economy goes bust.
    According to Morgan Stanley, the $1.5 trillion tax overhaul signed by President Donald Trump last year could make the next recession...
    Read more ...

     

  • One of Trump's biggest accomplishments could make the next recession worse

    One of Trump's biggest accomplishments could make the next recession worse

    6 days ago - By Business Insider

    The $1.5 trillion tax overhaul signed by President Donald Trump last year could worsen the next recession, according to economists and strategists at Morgan Stanley.
    In a report on Tuesday, they likened the boost from tax reform to a "happy hour" after which the economy is vulnerable to a painful hangover.
    Financial markets have already priced in much of the boost from tax cuts, they said.
    Enjoy the tax cuts now, but brace for when next the economy goes bust.
    According to Morgan Stanley, the $1.5 trillion tax overhaul signed by President Donald Trump last year could make the next recession...
    Read more ...