Firing back at Hassett
Politico asked for responses to CEA Chair Kevin Hassett appearing to spike the ball on tax cut-induced growth. David Kotok was among the top responses.
Cumberland Advisors’ David Kotok: “There is TrumpHateconomics and TrumpLoveconomics. But both use political narrative for data so both are wrong on forecasts and long on hyperbole. In the middle, US Economics of slowly improving US economy, low interest rates, low and gradually rising inflation, recovering job picture, front-loaded fiscal policy are all collectively in a tug of war with gradually tightening monetary policy and trade war scare. … Without the hyperbole of extremes of T-hater versus T-lover the analysis would be better and the forecasts sharper.”
Read the full article at Politico.