If Trump wins a second term, stocks would likely get a boost, Nobel winner Robert Shiller says (via TradingNation)
If President Donald Trump wins a second term, it could prolong the bull market and delay a recession, Nobel laureate Robert Shiller says.
"It also seems likely that when Jerome Powell's term as Fed chairman expires, he'll bring someone in that he controls more, and bring someone who can stimulate the economy without worrying," the Yale University economics professor said Monday on CNBC's"Trading Nation.""It's also that Trump is a model for extravagant living and big spending. All these things are boosting of the stock market.
Since Trump won the presidency in November 2016, the Dow and S&P 500 and Dow have rallied 44% and 35%, respectively. Along the way, there were corrections in February 2018 and December 2018. But Shiller points out the subsequent rebounds were encouraging — at least to a certain extent. That's where his economic and market outlook gets cloudy. Shiller, who has been making comparisons to the excesses of the Roaring '20s and the current bull market, is still on recession watch. He lists a contraction as a top risk to the market.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Special counsel Robert Mueller's report on Russia, Trump to be released Thursday, Justice Department saysAttorney General William Barr will release the report capping an investigation into Russian election meddling and President Donald Trump's campaign.
Baca lebih lajut »
POLITICO Playbook PM: Barr backs up Trump on FBI spying allegations'I think spying did occur. The question is whether it was adequately predicated. And I’m not suggesting that it wasn’t adequately predicated. But I need to explore that,' A.G. William Barr told Senators today. The latest in Playbook PM 👇
Baca lebih lajut »
What George Washington means to Donald TrumpMichael D'Antonio writes that President Donald Trump's visit to Mount Vernon shows his complete disregard for American history and past presidents, making him likely to repeat the failures of those who came before him.
Baca lebih lajut »
It’s Trump vs. Trump as immigration divides White HouseThe president is weighing — and reflecting — different opinions among his top advisers, including Stephen Miller and his son-in-law Jared Kushner.
Baca lebih lajut »
Alec Baldwin thinks he could beat Donald Trump for president'Beating Trump would be so easy': Alec Baldwin thinks he could beat Donald Trump for president
Baca lebih lajut »
The Trump Presidency: Latino support for Trump remain steadyUS President Donald Trump has been widely criticised Latinos, especially those seeking asylum from Central American countries at the Mexican border. But many Latinos say they share his views and support his policies
Baca lebih lajut »
Trump in 2016: 'I love WikiLeaks,' Trump now: 'I know nothing about WikiLeaks'President Donald Trump, when asked if he still 'loves' WikiLeaks as he said in 2016, told reporters in the Oval Office that he knows 'nothing about WikiLeaks.'
Baca lebih lajut »
Why LBJ Biographer Robert Caro Has Written Thousands of Pages by HandBe it a Smith Corona typewriter or Chopin, thick pencils or a classic Buick, for the lionized biographer of LBJ, every thing has a purpose (and a story).
Baca lebih lajut »