Even Trump haters can't deny the economy continues to hum along at a steady pace even with the reported chaos in Washington.
The White House cheered the latest jobs report showing the economy added 228,000 jobs in November, but Dr. Ray Perryman, president and CEO of the Perryman Group, says we've been on the upswing for eight years.
“It's been pretty steady, 2014 was probably the best year and it's tapered off a little bit, but it's a continuation and the economy is always credited to whoever is in the Oval Office,” he says.
The gross domestic product expanded at an annual rate of 3.3 percent in the third quarter in 2017. That followed the second quarter’s 3.1 percent.
But Dr. Perryman warns what goes up always comes back down.
“Cyber security, what's going on in North Korea, what's going on in the Middle East, our tax reform and health care policies, there's a lot going on now that could tip us,” he says. “But it's probably going to be some force like that, not just the natural working of the economy.”
“We could always improve on trade deals, but I wouldn't want to see us have a big retrenchment, and there is some risk of that happening, but there's also a lot of talk going the other direction as well.”
Some believe a recession is headed our way, possibly just in time for the 2020 election.