In a Wall Street Journal survey, economists see Trump’s plans to raise tariffs and crack down on illegal immigration as putting upward pressure on prices https://www.wsj.com/economy/economi...han-biden-263bc900?mod=hp_major_pos1#cxrecs_s Donald Trump loves to remind voters that President Biden has overseen the highest inflation in 40 years. But don’t count on Trump, the presumptive Republican nominee for president, to bring inflation down faster than Biden if he wins the presidential election in November. Most economists believe inflation, deficits and interest rates would be higher during a second Trump administration than if Biden remains in the White House, according to a quarterly survey of forecasters by The Wall Street Journal. “I think there is a real risk that inflation will reaccelerate under a Trump presidency,” said Bernard Baumohl, chief global economist at the Economic Outlook Group. That would likely lead the Federal Reserve to set interest rates higher than if inflation continues its downward trajectory, he added. The Journal’s survey, conducted July 5-9, received responses from 68 professional forecasters from business, Wall Street and academia. Of the 50 who answered questions about Trump and Biden, 56% said inflation would be higher under another Trump term than a Biden term, versus 16% who said the opposite. The remainder saw no material difference.
Traders Say Trading Would Be Much Better Under Trump Than Biden Trump had provided tons of trading opportunities for day traders; He twitted and caused the market to move massively. He said Saudi agreed to reduce oil output (which was not true) and caused the oil market to move massively. He started trade war with China and that moved the Asian and the US markets massively ... So he will continue to provide tons of trading opportunities. Get ready to trade the Russian market. He will make major changes to NATO. So focus on the European markets too. He will start China Trade War 2.0 etc etc etc
Joe says that 16 Nobel Laureates say that he's the best president ever for the economy. I wonder if the illustrious Paul Krugman is one of those? You remember Paul...he's the Nobel Laureate that told everyone to sell everything in early 2017 because the market would be cut in half under Trump and never recover. They are going to have invent lots more boogeymen between now and November.
I heard today that inflationary concerns are now rising if Trump wins due to tariffs. ....could be some major headwinds once again. Too many anticipating rate cuts could be in for a surprise once they cut and jam.them back up come 2025..... I'm still waiting for this hyperinflation to kick in that some have been talking about. Going to love and see how the consumer is going to handle these circumstances once again..... Because if they claim the consumer is tapped out already imagine how tapped out they will be during a dollar collapse and much inflationary pressures abound the next few years.
The most important thing that Trump is different from Biden, is that Trump does want to have more industrial jobs (more production) in america, higher wages and a closed border. If experts tell him an interest hike/cut is better for the currency, he will follow them, - not much is going to change on this macro economic field. Markets already made a good bullrun, fueled by massive money supply. It is not Trumps fault, if he HAS to stop this oversupply for once. On the other hand, he said something about "backing the dollar with bitcoin". That is an interesting idea. So, we will most likely see a consolidation of the markets sometime. but maybe a continuation of the bullrun before.