The Commerce Department says the U.S. economy picked up steam in the first three months of the year, after a rocky finish to 2018. Gross domestic product grew at an annual rate of 3.2% in the first quarter, up from 2.2% at the end of last year. That's a significant turnaround from six weeks ago, when many analysts expected a slump in GDP growth to just 2% or less. via www.npr.org I'm actually really worried about the economy. I'm always worried about something, but this feels a little different. We haven't returned to anything like a normal monetary policy since the Great Recession. The Fed is busy monetizing debt like crazy. At the first sign of a correction, they backed off of backing off quantitative easing. Tax cuts are a good idea but there has been no appetite for cutting government spending, which continues at an increasing rate. In brief, the Trumpster seems to be doing what he does best, which is borrowing and spending like crazy and hoping good…
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