Investment Guru Warren Buffett Thinks The U.S. Economy’s Growth Rate Is Higher Than Two Percent

For the last seven years, the U.S. economy has plugged along at a meager two percent growth rate. When that rate is compared to India’s and China’s economic growth, the U.S. is not even in the ball game. India and China’s economic growth rate is in the six to eight percent category. But the Trump administration thinks maintaining a 2.3 percent rate is good news. But something isn’t adding up, according to some economists. The unemployment rate in the U.S. is 3.9 percent, so more Americans are working, but the GDP output is not increasing. Trump wants a three percent growth rate, and according to investor Warren Buffett, he may already have his three percent economic growth rate.

 

 

Mr. Buffet said the economy grew by 2.9 percent in the fourth quarter of 2017. And he thinks U.S. economic growth now equals or surpasses that growth. But Buffett also said there is no way to tell what the growth percentage is, according to a Reuters article. But the president’s tax cut should help increase economic growth, according to Buffett.

 

 

The current 2.3 growth rate that the Commerce Department released last week is not what Trump was expecting. But the president believes his $1.5 trillion income tax package will do the trick once people start spending the money they are getting back from the government. That sounds like it could work if consumers spend the money instead of saving it. But Buffet feels comfortable talking about positive growth even though Trump is on the verge of starting a trade war that could negatively impact U.S. economic growth.

The Multi-talented Clay Hutson

Clay Hutson is an event Tour rigger, and also a sound engineer, stage manager and tour producer and he is based in Nashville, Tennessee, United States. In that case, he could as well be said to be an entrepreneur as he owns a business in the music industry. He has been involved in various tours, and this year, he has joined Tim McGraw and the likes of Faith Hill on the second leg of their Soul2Soul which is a world tour. Clay Hutson’s presence in the tour being a respected and renowned tour producer means that it will be well managed and presented. His experience is of over 20 years, he has assisted various musicians to put up live performances and managed their stage and offered them excellent sound. Initially, Clay Hutson worked only as a sound engineer and once toured with the sound team of Billy Graham. With time though, his love for rock ‘n’ roll pushed him to venture into the music industry entirely. From then moving forward, he has been traveling to various states from Europe, Australia and North America where he does what he loves best; assisting musicians put up live shows to entertain their fans. His hard work and dedication to his work have made him become recommended by various artists who find his work appealing.

To back his passion and career in the music industry, Clay Hutson studied Theatre Design & Technical Production and earned his MBA from Stephen M. Ross School of Business at the Michigan University. He has worked for various individuals and companies from being a manager with Getagrip Touring Inc., Ronin Event Creative, and stage manager for Halsey and rigger for Kid Rock. Others include Garbage, Guns N’ Roses and Pink as well as Kelly Clarkson. The best thing with Clay Hutson is that he values all events whether big or small and offers them the best which makes him most people’s favorite person for the job.

 

Clay Hutson became involved in the music industry from childhood, and that means that his experience is well founded and has improved over the years. He is also known for his love and mastery for DiGiCo consoles and prefers specific music systems that fit his work and helps him deliver efficiently no matter the event. With his company, he offers a wide range of other services such as production design, show production, monitor engineering, logistics management, production management and rigging. In that case, he offers his clients a one-stop facility where they can find everything related to entertainment and live events. Learn more: https://www.allmusic.com/artist/clay-hutson-mn0001881174

The Trump Administration Wants China To Cut The Trade Deficit by Sixty Percent Over The Next Two Years

President Trump is playing with economic fire, and he thinks he’s not going to get burned. Last week, the Trump administration sent an economic delegation to China to make a deal. His trade sanctions started an economic sparing match, and that’s not good news for American consumers. The delegation wants China to reduce the trade deficit by $200 billion over the next two years. The trade deficit was $336 billion in 2017. And the U.S. delegation also asked China to stop taking U.S. intellectual property from the U.S. companies who sell that property in China. If China does what Trump wants, he will take away his tariff threat. That threat impacts about $50 billion worth of Chinese goods.

That sounds like an economic hardball at its finest, according to a BusinessInsider.com article. The head of the White House National Trade Council, Peter Navarro, is in charge of the negotiations. Navarro is not as cooperative and he is not as fair when it comes to negotiating as Larry Kudlow, Trump’s top economic advisor. The Chinese rejected Navarro’s offer. According to associate director of the Cato Institute’s Center of Trade Policy Studies, Simon Lester the delegation knew the Chinese would reject a deal like that.

Lester thinks the Trump administration is putting on a show so the Chinese will turn down the offer and Trump will enforce his tariff plan. There’s a big difference between what China will do and what the U.S. wants from China. And the Chinese are not backing down. A trade war with China will fuel inflation in the U.S., according to some economists and U.S. consumers will pay a heavy price for wanting to buy China products that other countries can’t produce.