Good question. At some point, Americans will have had their fill of new cars, home repairs and other new stuff......
https://www.weeklystandard.com/irwin-m-stelzer/is-the-trump-economy-sustainable
The key question is whether the current growth rate is “sustainable.” If sustainable refers to the near and middle term, the answer is “yes.” Here’s Goldman Sachs, in its carefully-reasoned and jargon-free midyear outlook, “(Un)Steady as She Goes,” concludes: “The likelihood of a U.S. recession in 2018 is close to zero. Over the next 12 months, . . . the probability of a recession remains at about 10 percent.”
https://www.weeklystandard.com/irwin-m-stelzer/is-the-trump-economy-sustainable
The key question is whether the current growth rate is “sustainable.” If sustainable refers to the near and middle term, the answer is “yes.” Here’s Goldman Sachs, in its carefully-reasoned and jargon-free midyear outlook, “(Un)Steady as She Goes,” concludes: “The likelihood of a U.S. recession in 2018 is close to zero. Over the next 12 months, . . . the probability of a recession remains at about 10 percent.”
