Monday, November 21, 2016

Not Sure "Trumpflation" Is Going To Come From Sustainable Growth, But Rather Short Term Stimulus

Why 'Trumpflation' may not provide the growth fix that the world's largest economy needs

Bond yields are rising. Stock markets are exuberant. The U.S. dollar is soaring. The generally accepted reasoning is simple: With the U.S. election victory of Donald Trump, markets are expecting higher growth and higher inflation in the world's largest economy. Inflation, when it's tied to economic growth, can be a good thing. And for years since…

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