Billiejeens
Diamond Member
- Jun 27, 2019
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A world-renowned economist who previously raised the alarm about President Donald Trump’s steep tariffs now suspects that the president may have “outsmarted all of us.”
In a blog post published on Saturday, Apollo Global Management chief economist Torsten Sløk speculated that the president might keep the tariffs low long enough to ease economic uncertainty while also delivering a significant uptick in tax revenue.
Recall that in May, President Trump initiated a 90-day pause on his high tariffs. The pause has coincided with an uptick in the stock market as economic uncertainty has declined.
Sløk’s thesis, as outlined in the blog, appears to be that Trump might keep the pause going even after July 9 so as to keep the market happy and steadily moving back up toward its previous record highs.
If that were to happen, America would benefit both from a skyrocketing stock market AND the revenue from the lowered but still in effect tariffs.
“As we approach the Trump administration’s self-imposed 90-day deadline for trade deals, markets are starting to speculate about what comes next,” Sløk began in his blog post.
www.bizpacreview.com
BJ -
Why do people just keep underestimating our beloved President?
Add the Nobel Prize for Economics; officially the Sveriges Riksbanken Prize in Economic Sciences to the list of Nobel Prizes that he deserves.
In a blog post published on Saturday, Apollo Global Management chief economist Torsten Sløk speculated that the president might keep the tariffs low long enough to ease economic uncertainty while also delivering a significant uptick in tax revenue.
Recall that in May, President Trump initiated a 90-day pause on his high tariffs. The pause has coincided with an uptick in the stock market as economic uncertainty has declined.
Sløk’s thesis, as outlined in the blog, appears to be that Trump might keep the pause going even after July 9 so as to keep the market happy and steadily moving back up toward its previous record highs.
If that were to happen, America would benefit both from a skyrocketing stock market AND the revenue from the lowered but still in effect tariffs.
“As we approach the Trump administration’s self-imposed 90-day deadline for trade deals, markets are starting to speculate about what comes next,” Sløk began in his blog post.
World renowned economist changes tune on Trump tariffs: Maybe he’s ‘outsmarted us all’
A world-renowned economist who previously raised the alarm about President Donald Trump’s steep tariffs now suspects that the president may have “outsmarted all of us.” In a […]
www.bizpacreview.com
BJ -
Why do people just keep underestimating our beloved President?
Add the Nobel Prize for Economics; officially the Sveriges Riksbanken Prize in Economic Sciences to the list of Nobel Prizes that he deserves.
I told you Canada would F around and be the one left out in the cold. RIP Canada economy.
