Ben Bernanke warns this is the Wile E. Coyote economy
http://money.cnn.com/2018/06/10/investing/stocks-week-ahead-ben-bernanke-recession-economy/index.html
1. Don't look down: Ben Bernanke fears that the American economy will soon look like a Looney Tunes episode.
The former Federal Reserve chief questions the wisdom of Congress for waiting until the economy looked healthy and then hitting the gas with massive corporate tax cuts and a burst of spending.
"What you're getting is stimulus at the very wrong moment," Bernanke said last week at an event hosted by the American Enterprise Institute.
He's got a point. The unemployment rate is 3.8%, matching the lowest in half a century. Stimulating the economy further could overheat it, ending the recovery prematurely. And by expanding the federal deficit, Congress has left itself less room to borrow money to fight the next recession.
The other challenge is avoiding a nasty crash when the sugar rush fades from tax cuts.
"It's going to hit the economy in a big way this year and next," Bernanke said. "And then in 2020, Wile E. Coyote is going to go off the cliff and look down."