They say that created an unknown factor. Other climates talk about the tax cuts for a sugar rush. They say its not clear if people will spend in the if youture as they did during the Second Quarter. President trump addressed the issue of sustainability. He predicted growth of 3 or better. Emphasis on better. Here is the president. In the Second Quarter of this year the United States economy grew at the amazing rate of 4. 1 . Ill say this right now and ill say it strongly. As the trade deals come in one by one well go higher than these numbers. So, neil, most economist if you look at on average what they expect they expect 2. 5 through the end of 2019. That eye higher than the 2 they have been tracking. These are the same economist. Yes, indeed. All right, thank you very much. Now to the remark the president made to sean. He thinks if you think this is off the charts how about eight or nine percent. He said he could do that by have the Trade Deficit that will have a benefit to the couns
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growth solve a lot of problems and i don t know if growth donald trump doesn t fear debt like most americans. he s more comfortable leveraging. let put it that way. that said, these problems aren t going to go away. the interest rate which you brought up originally is a concerns. you re financing a lot of debt and economy doesn t grow well because the rates are low. you can t lose control of the interest rates. it s when the rates go up and payments that gary was talking about spiral without more spending. you have to at least keep the confidence there that you re going to borrow and that s the biggest single problem, some of it s because the economy is hot, but other japan and others california 500 billion in debt. new york, i think 400. illinois is one step from junk
8, 9%. how far would this go to addressing this? growth would help the situation for sure. the question is, does it cause inflation to rise? if inflation rises, it hikes rates. the interest payments that we are going to have to make to service the debt is going to go through the roof. so it s really a problem for your generation. i m kind of cast out. i i m kind of cashed out. i m not too, too worried. where is this going. saying to the federal reserve don t raise rates. if federal reserve raises rate, he wants a hot economy and low borrowing cost. that can somewhat get us out of the problem. the high interest rates would be a disaster for the deficit. we know so people like you