Perhaps Donald Trump didn't unleash the animal spirits of the economy after all.
Shortly after the election, many commentators suggested that Trump's win, and his promise to cut regulation and his promise to cut regulation and taxes, seemed to give the economy a psychological boost. Indeed last month, members of the Federal Reserve noted that measures of consumer confidence and business activity appeared to have improved.
But those animal spirits, as economists call such signs of optimism, are strikingly absent in a pretty good predictor of future economic activity: lending....
http://fortune.com/2017/02/08/donald-trump-economy-crack/
Shortly after the election, many commentators suggested that Trump's win, and his promise to cut regulation and his promise to cut regulation and taxes, seemed to give the economy a psychological boost. Indeed last month, members of the Federal Reserve noted that measures of consumer confidence and business activity appeared to have improved.
But those animal spirits, as economists call such signs of optimism, are strikingly absent in a pretty good predictor of future economic activity: lending....
http://fortune.com/2017/02/08/donald-trump-economy-crack/
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