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Rex Nutting: So much for the Republican tax cut as a game changer — the investment boom is fading fast [MarketWatch]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: MarketWatch
Opinion: So much for the Republican tax cut as a game changer — the investment boom is fading fast The investment boom that began in 2016 is fading fast, quashing the never-realistic hopes of Republicans that the corporate tax cut had permanently transformed the economy for the better. A year ago, Republicans were predicting that their big tax cut for businesses would create a virtuous cycle of higher fixed investment, leading to higher growth rates lasting for years. A month ago, White House economist Kevin Hassett was insisting that everything was still going as planned. He declared that companies were investing more in equipment, software and facilities, enough to propel U.S. potential growth from an anemic 2% to a stellar 3% or more. As he often is, Hassett was too cheery. Now, hopes that the investment boom would continue into 2019 are in tatters, victim to four factors that are dragging on the economy: reduced fiscal stimulus (including the shutdown), a weakening global economy Show less Read more
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