Posted on 12/07/2016 12:56:48 PM PST by 2ndDivisionVet
Will President Donald Trump usher in an economic boom?
In case you haven’t noticed, while liberals fret about who Trump is talking to on the phone and conservatives fret about trade wars and deficits, the stock market is going crazy.
Irrational exuberance or eager anticipation of a rebounding U.S. economy unshackled from over-burdensome regulations, high corporate taxes and too-timid fiscal policy?
Irrational exuberance or eager anticipation of a rebounding U.S. economy unshackled from over-burdensome regulations, high corporate taxes and too-timid fiscal policy?
Paul McCulley, former chief economist for Pimco, says it’s the latter.
“The market is essentially celebrating the end of fiscal austerity,” McCulley said last week on CNBC. “And it just happens to be a vehicle of Mr. Trump. But the end of fiscal austerity is the key economic issue.”
McCulley, who said he voted for Hillary Clinton, added that his biggest complaint about his favored candidate was that her pledge to “not add a penny to the national debt” was tantamount to a “straitjacket of fiscal austerity forever.”(continued)
(Excerpt) Read more at marketwatch.com ...
Just how drunk do you have to be to think this?
They’re grasping at any straw that blows by.
Do bears do it in the woods?
If he builds his agenda on business and employment without spending ALL the money on “moral” issues that government has no business in...Let the people work.
Trump wants to build more with the lowest cost (see his Boeing tweets). Boom without the bubble
Looks to me as though it’s already begun.
Meanwhile my 401k hasn’t budged.
McCulley, who said he voted for Hillary Clinton, added that his biggest complaint about his favored candidate was that her pledge to “not add a penny to the national debt” was tantamount to a “straitjacket of fiscal austerity forever.”(continued
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McCulley surely has to be too smart to fall for this hildabeast lie.
Where will the money come from? Another QE?
Really? Are you overweight foreign stocks or bonds or something? Mine’s up about 12% YTD excluding new contributions and my IRA accounts are up even higher than that (I have that one managed by a financial manager friend of mine)? If you are going back Q3 report, login online and see what its at now - ~half of the gain this year has been since the election for me.
Drudge headlines: “Dow 20,000”
So, yeah.
Watch out for the Fed. If they raise interest rates too quickly, the bubble will pop.
Fiscal austerity? How can that be, running deficits of $500 billion a year. In my book, that’s called “stimulus”.
I think it will, though. I’m counting on mine fattening up some, too.
My prediction. Some markets will go up. Others will go down. And some will be mixed.
Take that Krugman!
I do small business startups, and I have a stock portfolio. I can see my business opportunities substantially unshackled by Trump. Which impacts my stock portfolio positively, which impacts my ability to start businesses.
In other words, this could be quite a boom when multiplied across America. A huge amount of pent up economic activity.
That is my biggest concern. Fed policy can ruin everything
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