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Showing posts from November, 2016

The Trump Economy & Financial Market

After shaking off the “He’s crazy” jitters the evening of November 8th, the markets quickly focused upon the Trump stimulative policies including especially his tax and regulatory stances.  Since then stocks have been riding high and bonds have gotten crushed, telling us that the market expects earnings growth, wage growth, and inflation.  It is indeed exciting to consider a world that is freer, with less red tape.  It is even more exciting to consider an economy where the forces of supply and demand determine capital allocations rather than the highly inefficient government process.