Trump and the economy
Despite his threat to global trade, and the current demise of the TPP, I expect to see a honeymoon period with Trump. As with most presidents. My retirement accounts still are in equities. Perhaps with a compliant Congress, we even get a Keynesian stimulus in the next year or two, as Congress passes budgets, and Trump’s domestic programs increase spending. Conservative insistence on revenue neutrality is as fake as their cries for freedom, and is tied to which party holds the White House. The bond markets seem to be planning on that.
That said, if he starts a trade war, Katy bar the door. Had I any ability to predict the future, I would be much wealthier than I am.
Postscript: Ha! I wrote the above before yesterday’s column by Krugman.