Donald Trump has claimed the USA economy is the greatest it's ever been l, saying it's "perhaps the greatest economy we've had in the history of our country".
Now while this is a bold claim, he is not too far from the truth. The economy is doing well. However, there have been multiple times throughout the history of the country where statistics show otherwise.
The tensions between the second-largest economy in China have forced the Federal Reserve to lower interest rates which in turn leading to more investments
One of Trump's biggest achievements is the reduction of the unemployment percentage. This rate is at its lowest for half a century; since 1969, which is 3.7%.
Wages on average has also gone up slightly. It reached 3.4% in February and has marginally come down to 3.23%.
However, it is important to note that when taking inflation into account, between the period of August 2018- August 2019, wages stand at 1.5%
https://www.google.com/amp/s/www.bbc.com/news/amp/world-45827430
How much further can this go before we overcook the economy and go to recession? It seems that the 'animal spirits' are already waking in those who are forecasting the trajectory of the economy, and we did see the treasury bond yield rates invert recently.It seems to me that, though it may not be an issue this election cycles, the president of 2020 will have to deal with the repercussions of the policies enacted by the current administration. How much longer can the good times last?
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