According to the numbers the American economy under President Trump is now at ‘full capacity.’
So what exactly does 'full capacity' mean? Dr. Vance Ginn, economist with the Texas Public Policy foundation, explains it means that it is using its resources most efficiently.
“More jobs will be available with potentially higher income. And there’s just an overall feeling of more economic activity, and more prosperity in the process,” Ginn explained.
So that's on a national basis. Let's talk about Houston. Since the economy is doing so well, what can we expect to see in 2018?
“A lot of people are forecasting either higher oil prices, or prices that aren’t lower than they are right now. That would be a good thing going in to next year,” Ginn said.
Ginn says Washington is acting more like Texas is now when it comes to the economy, which is why this expansion, according to forecasts in the Wall Street Journal, could be the longest on record.