JP Morgan tells wealthy clients a 'progressive overhaul' of the economy is one of 2020′s biggest risks.
"A progressive overhaul of the U.S. economy after the election" would be among the biggest perils, wrote Michael Cembalest, chairman of market and investment strategy for J.P. Morgan Asset Management, in the report.
Cembalest told clients a Warren-like progressive overhaul will ultimately be up to U.S. voters and whether "unorthodoxies and misdeeds of the President offset a pretty strong US economy."Warren has made headlines and garnered much support from her proposed plans for big taxation to pay for her spending plans on health care and public education. As a "way to illustrate the breadth of the 2020 progressive agenda" J.P.
While Warren and Sanders are a legitimate threat, the firm noted that Trump has the strongest election tailwinds since 1896, with regard to market and economic score. The score includes consumer price inflation, unemployment levels, GDP, equity market returns and volatility and home price appreciation.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
5 Ways to Make Direct Response Marketing Work for You in 2020Now that the new year is in full swing, business owners are back to the grind and on the hunt for new sales techniques to convert leads to customers faster than ever.
Baca lebih lajut »
Queer Necessities: Cub Sport, Miss Benny & More on Billboard Pride's January 2020 PlaylistNew year, new bops! That's right, it’s time to refresh those playlists with the latest edition of Queer Necessities, our monthly LGBTQ-driven playlist from Billboard Pride where we catch you up on the latest and greatest bops by queer musicians and fierce allies.
Baca lebih lajut »
Ivanka Trump's keynote speech at CES 2020 branded an 'insult to women' by women in tech'This is what extreme privilege and entitlement get you,' said technology investor Elisabeth Fullerton.
Baca lebih lajut »
Aussies, Here's How To Hack Your Annual Leave To Double Your Time Off In 2020More time off means more time to travel.
Baca lebih lajut »