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The Economic Consequences of Mr. Trump

Summary:
It's not perfect, it's mainstream economics, but it's interesting and raises some good points.'Trump said he was going to drain the swamp, but he just a president for rent seekers'.It doesn't mention it here, but was the rising stock market just salivation over the 0 billion arms deal. [embedded content] With unemployment at a 50-year low, wages starting to pick up, and the stock market booming, the US economy has defied expectations since the 2016 election. Nobel laureates Angus Deaton and Edmund Phelps, along with Barry Eichengreen, Rana Foroohar, and Glenn Hubbard, ask why, and whether what looks like a robust recovery is masking another crisis in the making.

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It's not perfect, it's mainstream economics, but it's interesting and raises some good points.

'Trump said he was going to drain the swamp, but he just a president for rent seekers'.

It doesn't mention it here, but was the rising stock market just salivation over the $110 billion arms deal.


With unemployment at a 50-year low, wages starting to pick up, and the stock market booming, the US economy has defied expectations since the 2016 election. Nobel laureates Angus Deaton and Edmund Phelps, along with Barry Eichengreen, Rana Foroohar, and Glenn Hubbard, ask why, and whether what looks like a robust recovery is masking another crisis in the making.



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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