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Topic | Why isnt trump taking blame for the market crash? |
The Admiral 02/06/18 11:50:21 AM #19: | The "crash" isn't the result of any one thing that can be blamed on Trump. You certainly can argue -- like several people on my morning calls did -- that the tax cuts will result in a large new issuance of gov't debt that's driving bond prices down and yields up. But that's separate from interest rate risks (driven by wage growth), US trade deficit records (driven by globalization), and general responses in the last week to the tech/AI forecast effects. Those are all factors contributing to the market swings. The good news is that the market fundamentals/trends don't point to any sort of upcoming recession, so that's good news for people worried about a free fall. --- - The Admiral ... Copied to Clipboard! |
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