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How markets might be wrong about Trump

Financial Times LogoFinancial Times10h ago

How markets might be wrong about Trump - Financial Times

Quick Summary:

We can debate how much of the post-pandemic inflation can be attributed to Biden’s fiscal policies; we can also debate whether or not people would have liked a bigger downturn with high unemployment any better than they liked inflation.

Scott Bessent, angling for a big job in the administration, argued in The Wall Street Journal that the election market rally proved the growth interpretation correct — clearing the way for critics to use his own words to argue that the next big correction will be Trump’s fault, which it almost certainly won’t be.

Unhedged’s view is that because policy takes time to make, and because the market’s visibility on the effects of Trump policy is limited, it will take some time to see a true Trump effect in markets.


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Article Details

Author / Journalist: Robert Armstrong

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 06:30:40 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1405 words

Reading Time: 8 minutes read

Sentences: 69 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23581293

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 11 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

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It's most recent story was published 10 hours ago.

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  • URL: https://beamstart.com/news/how-markets-might-be-wrong-17315677951049

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