Posted on 01/06/2017 2:48:00 AM PST by expat_panama
What he and his fellow Republicans in Congress do will largely determine the direction of the economy and equities
It’s the New Year and time for pundits and gurus of all stripes to roll out our predictions for 2017. No matter how right or wrong we were in the past, we’ll make this year’s predictions with serene self-assurance.
Although Republicans swept the White House and the Congress in last year’s election, politics and policy will likely dominate 2017 even more than they defined 2016. Why? Because last year, except for Great Britain’s vote to leave the European Union, which pummeled global markets for two days, politics had little effect on stocks until around Labor Day.
Instead, oil prices, weak economic growth and a brief earnings recession hobbled share prices...
...predictions for 2017:
1. No recession...
2. The Fed will stick to the script...
3. The bull market continues, but there will be a correction...
4. The 35-year-long bond bull market is over...
5. The first year of the Trump administration will see Congress repeal but not replace Obamacare, work on tax reform and clear several Cabinet nominees...
...Remember, Congress is notoriously lazy...
...to call “unpredictable America” the No. 1 global risk in 2017. What Trump gives to the markets domestically he may take away overseas. But that is really unpredictable.
(Excerpt) Read more at marketwatch.com ...
One would think investors would vote Rep but they often vote very very left...
What Trump, Congress and government do is important.
But
Government has little impact on the inability of brick retail to compete with Amazon.
Government has only small impact on the massive growth IOT will bring to the world economy, including massive job growth in this sector.
Remember the post-Reagan booming economy? Liberal Democrat Bill Gates (son of a Commie lawyer) invented a capitalist marketing system that did more for economic growth than Reagan and ALL politicians in the world combined.
Don’t let the politicians get so full of themselves.
Part of what makes the Walmart model so smart and effective - people need food and they have ready access to a lot of other items that might be "more convenient" via a Amazon if they weren't already there...Trump doesn't think Amazon should get the huge tax advantages that further the tilt in their favor.
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