To: 2MAR$ who wrote (947364 ) 7/19/2016 5:34:27 AM From: puborectalis 3 RecommendationsRecommended By
Read Replies (2) | Respond to About 400 of 650 institutional investors surveyed by Morgan Stanley said Trump would materially change their markets in the first months of his presidency. They think he might hurt the dollar, tank stocks and hurt Treasury bonds at a time of an ongoing, global investment drought that will worsen thanks to Trump’s proposed tariff barriers against China and Mexico. That’s even as the Federal Reserve raises interest rates to preempt the inflationary effect of a tax cut adding $9.5 trillion to the national debt. Other banks are coming up with similar surveys .Zandi and three colleagues write . “[If] all his stated policies become law, the economy suffers a lengthy recession and is smaller at the end of his four-year term than when he took office. By the end of his presidency, there are close to 3.5 million fewer jobs and the unemployment rate rises to as high as 7%, compared with below 5% today. During Mr. Trump’s presidency, the average American household’s after-inflation income will stagnate, and stock prices and real house values will decline.”recession beginning next year and costing the U.S. 3 million jobs. That’s worse than the 2.8 million lost in the 2001-2003 recession. Incomes would shrink and unemployment would hit 7.6% by 2019 — two years sooner than Zandi’s model forecasts 7.3% joblessness.
