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Paul: was down. >> i know it is. still, for the year we will come in and i don't believe the forecasts by the goldman sachs people created recessions, it's around the corner. the left looks at the situation today, they can't understand how it is trump's policies have created this prosperity. they have fallen back on this position, it's sugar high. paul: sugar high. >> the problem, number one it isn't sugar high, it's not like it expires next year, we have 5 more years of this. in my view the tax cuts are kicking in. paul: you have trade problems and slow growth abroad. >> no question about tha...

Will get 2 and a half percent. paul: was down. >> i know it is. still, for the year we will come in and i don't believe the forecasts by the goldman sachs people created recessions, it's around the corner. the left looks at the situation today, they can't understand how it is trump's policies have created this prosperity. they have fallen back on this position, it's sugar high. paul: sugar high. >> the problem, number one it isn't sugar high, it's not like it expires next year, we have 5 more years of this. in my view the tax cuts are kicking in. paul: you have trade problems and slow growth a...

We have a lot of other problems with china. we have primarily trade problems. and as you know, they're having a much more difficult time now. i don't want them to have a difficult time. and we're doing better than we have ever done. everybody talked about the tariffs, oh, the tariffs, tariff tarif tariffs. you know the tariffs ended in 9 1913. and then they went to a totally different system. then in 1928, you had the great depression, for a lot of different reasons, not our country's fault, but a little bit our country's fault. and then in the 1930s, they said we need to start charging tariff...

With theft of intellectual property and a lot of other problems with china. primarily trade problems. as you know, they are having a much more difficult time. i don't want them to have a difficult time. we are doing better than we have ever done. everybody talked about the tariffs. tariffs ended in 1913. they then went to a different system in 1918. totally unrelated. in 1928, you had the great depression. for a lot of differently reasons. not are inially our country's fault, but a little bit our country's fault. then in the 1930s, they said we better start changing tariffs. we need money to c...

There is no immediate effect here so we heard a little already about china's slowing growth how is all of this trade conflict affecting the prospects for economic growth. well we had a new report on monday from the international monetary fund and they're actually saying that global economic growth has told that the greatest risk really are those trade. the trade problems and they have floored the i.m.f. has lowered the growth perspective for the european union for japan for the u.k. and so far they leave the outlook for the u.s. stable but to trade. it is specially one of the greatest risk rig...