The U.S. trade deficit dropped in May which is causing Wall Street firms to increase GDP growth estimates for the second quarter. Macroeconomic Advisers raised its forecast to 5.3%. They have one of the most detailed forecasts.
Others are also increasing their estimates to 4.5% to 5%.
* Consumer spending is strong with a strong job market and tax cuts.
* Business investment has been strong with the tax cuts
* the US trade deficit has been smaller than expected.
Economists doubt the strong growth can last. Most predict GDP will slow in 2019 and 2020.
The US dollar is surging at the same time.
The US dollar hit a record high against the Indian Rupee. US dollar is at 69 Rupees.
The US dollar is at 6.62 to the China yuan.
Both the booming and trade war threats are causing the US dollar to strengthen.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.