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Everyone's focused on the political news, as they should be. But there's some important economic news too, and not just the market having another fainting spell: it's becoming clear that the Trump boom, such as it was, is over 1/
"Nowcasts" of 4th quarter growth suggest that it was around 2 1/2 percent, not much above trend. 2/ frbatlanta.org/cqer/research/…
Very recent data and leading indicators suggest a significant slowdown currently underway -- not a recession, but growth probably under 2 percent 3/ bloomberg.com/news/articles/…
All this suggests that the growth spurt in the 2nd and 3rd quarters was no more durable -- and less impressive! -- than the growth spurt in mid-2014, which I don't remember anyone hailing as an Obama boom 4/ 
Basically, my parents gave themselves a $2 trillion tax cut and all I got was a couple of decent quarters 5/
