AUTHOR: TOWNE SCHERER.COM 11/14/2016: Towne
Scherer Private Wealth Management BLOG:
The Political Upset of the Century
‘The political upset of the century,’ is what, RiverFront 11/9/2016, calls Trump’s victory over Hillary Clinton for the presidency of the United States. Defying poles and pundits, and a full year of electoral surprises, RiverFront believes that the rise of a real estate developer and reality TV star to the leadership of the free world constitutes one of the largest upsets in the history of politics. Or as some are saying, Democratic Capitalism’s victory over Central Planning and Socialism. Well, Trump talked the talk, let’s see if he can walk the walk.
And, What are the Economic Fallouts
from this Change
According to RiverFront 11/9/2016, these are the major points of contention:
-The business friendly policies of a Trump administration will likely offset the negative impact of his trade policies.
-Trade policy is likely to become much more protectionist.
-Inflation is likely to move higher.
-The Fed may become more hawkish.
-The deficit will get much bigger in the short run.
-Higher inflation and upward pressure on long-term interest rates will occur.
-The corporate tax code is likely to be reformed.
-The Affordable Care Act is likely to be repealed.
-Regulatory burdens could be eased.
Which leaves us with this thought: Will the President play all these Trump cards? We’ll have to wait and see.
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual.