Articles says nothing about the Fed and if they will continue to inject steroids into the market with zero rate policies
In fact, the impact of a Trump victory on the U.S. could well be worse. Whereas British Prime Minister Theresa May’s government wants to close the U.K.’s borders to immigrants from the EU, it does want trade with the world. Trump, on the other hand, is determined to curtail imports through a variety of policies, all of which are well within the power of a president. He would not need congressional approval to slam the brakes on the U.S. economy.
Even in the best of times, U.S. policy makers often do not think enough about the impact of their actions on the rest of the world. Trump’s trade-led recession would tip Europe back into full-blown recession, which would likely precipitate a serious banking crisis. If this risk were not contained — and the probability of a European banking debacle is already disconcertingly high — there would be a further negative spiral. Either way, the effects on emerging markets and all lower-income countries would be dramatic.
Investors in the stock market SPX, -0.68% currently regard a Trump presidency as a relatively low-probability development. But while the precise consequences of bad policies are always hard to predict, if investors are wrong and Trump wins, we should expect a big markdown in expected future earnings for a wide range of stocks — and a likely crash in the broader market.
Simon Johnson is a professor at MIT’s Sloan School of Management and the co-author of “White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You.” This article has been published with permission of Project Syndicate — The Consequences of a Trump Shock.
MORE @ SOURCE
"There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."
Articles says nothing about the Fed and if they will continue to inject steroids into the market with zero rate policies
That article is total bullshit, we are not having a slowdown in fact the reverse is true.
http://www.express.co.uk/news/politi...-EU-Referendum
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Yeah, Tom, I'm sure businesses are just thrilled about exiting the single market, reverting to WTO rules, and having all their European clients drop them. Must be the best thing for business in the world.
"Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34
Bill (11-01-2016)
Asian stocks spooked by Trump’s resurgence in polls
Shares were sharply sold off across Asia on Wednesday, as a new poll showing Republican candidate Donald Trump leading the U.S. presidential race spooked investors.
Japan’s Nikkei Stock Average NIK, -1.68% was down 1.2% in early-morning trade, opening at a seven-day low at 17238 points. Australia’s S&P/ASX XJO, -1.35% traded 0.8% lower, having earlier hit a seven-week low. Elsewhere, the Hang Seng Index HSI, -1.33% was off 1.1% and Korea’s Kospi SEU, -1.29% was down 0.8%.
“The market this morning is driven by the latest poll from ABC/Washington Post and Asian equities are all lower,” said Tareck Horchani, deputy head of APAC sales trading at Saxo Markets.
Overnight, an ABC News/Washington Post tracking poll showed Trump with a one-point advantage over Democrat Hillary Clinton, leading 46% to 45%.
U.S. stocks broadly fell as investors pulled back from risk, which spilled over into the Asian session. Clinton is seen as the more market-friendly candidate by many investors.
In Japan, financial and exporter stocks were particularly hard hit as investors digested what a win for Trump would mean for markets, given his stance on trade and economic policies. Among individual shares, Sumitomo Mitsui 8316, -2.99% shed 1.9% of its value, Mitsubishi UFJ Financial Group 8306, -2.67% fell 1.7%, Suzuki 7269, -2.37% was down 2.2% and Honda 7267, -3.86% slipped 2.7%
More @ source..
"There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."
i recall they also said the stock market would crash if obama was elected.
When the UK joined we were told that it was a Common Market. Over the years more and more treaties changed that from a trading block into a political entity inevitably heading towards a federal state. Also many are confused, including you seemingly, by the difference of being in the Single Market as opposed to having access to it. I refer you to the CETA trade deal recently completed with Canada. The boss of JCB is more than happy to be outside the Single Market and they export all over the world.
http://www.telegraph.co.uk/news/2016...r-off-outside/
MAGA MAN (11-02-2016)
cancel2 2022 (11-02-2016)
cancel2 2022 (11-02-2016), MAGA MAN (11-02-2016)
PostmodernProphet (11-02-2016)
They talk big now but reality will change their minds. We are Germany's second biggest market for cars amounting to over 800, 000 per year. If they put tariffs on us then we will reciprocate. Same applies to French wine and cheese, their farmers will soon start squealing if we don't buy their produce.
http://www.telegraph.co.uk/business/...-says-civitas/
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Last edited by cancel2 2022; 11-02-2016 at 07:08 AM.
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