Sans Trump and his legionaries, feels like most are ready for a slight contraction right before things consolidate. Markets are up despite the inverted yield curve, but things are almost certainly likely to get worse before they get better, right?
Trump goon Moore could barely even deny it:
They have 300 Ph.D. economists over at the Fed, but he has a better feel for the economy than the economists over at over at the Federal Reserve... This is short term pain for long term gain. China is a big problem ... Everything they're doing whether it's stealing our intellectual property, whether it's closing off their market to us - Trump is fighting the good fight here. But yeah it's hurting the economy.
It would be better if investment slowed and returned to growth (classic V shaped recession) before serious bubbles form and we lose several years of productivity due to long-term balance sheet issues. Thoughts?
[OK, "welcoming" might be a strong word, but you know]