From Scott Lincicome of the Cato Institute:
Trump has now spent 18 mos injecting (or threatening to inject) new taxes, almost at random, into the global economy, with zero significant pushback from congress, the courts, or the WTO. Of COURSE that's gonna make investors think twice abt dropping billions into new projects.
In response to the news that the US Economic Policy Uncertainty Index is at a 34 yr high. Companies are not pumping cash into capital investments as promised when those tax cuts were passed.
My employer announced on Thursday that they are projecting 4-6 quarters of stagnant or shrinking sales projections.
I don’t know about you all, but I’m tired of all this winning we are receiving.