While he doesn't think it's the most likely scenario, Goldman Sachs CEO Lloyd Blankfein says there's a real risk of an overheating economy and the Federal Reserve raising rates quickly. His advice to the average American invested in the stock market: "I'd be planning for the contingency that this ends up being a worse time than people are thinking."
The one thing that should be said about this guy is that he flip flops on just about every damn thing you can think of. His opinion changes based on how it impacts his financial status. If he was losing money, he would be anti Trump. If he is making money, he is pro Trump.
So, this guy 3 weeks ago said he liked Trump policies, and now he is suddenly he is worried about overheat. You don't need to be an economist to see that cutting taxes and increase spending will hurt the economy. That tax cut will not benefit the street guy, and neither will do miracles for a economy that is already in good shape.
Joao, not sure if you saw the news about the amount of CEO's would raise salaries from the cuts, and the number of "yes" were just a few. They are giving some bonuses which are a single payments, and the small cuts for street guy will expire in few years. The economy is already with full employment. It's not me, but most serious economists are unanimous that the moment was bad. There's was just no need for this cut right now.