Markets Optimistic in Post-Election Environment
Both the S&P 500 and the NASDAQ 100 indices indicate sharp upward movement in the six weeks immediately after the US presidential election. Moreover, the University of Michigan’s widely noted Index of Consumer Sentiment also shows a sharp uptick in that same period.
Maybe the smart money doesn’t think the sky is falling after all…
This is NOT simply a matter of trickle-down economics. Rather, I think the “smart money” is betting on stronger economic growth due to Trump’s proposed changes in tax and regulatory policy. Of course, whether such changes will, in fact, boost growth is arguable. But, were that stronger growth to come to pass, it would be good for everybody — not just the rich.
Moreover, I invite you to contrast what has actually happened to the economic disaster that was being predicted by the likes of Steven Rattner, Paul Krugman and others right up until election eve:
(Krugman wrong)
http://dailycaller.com/…/paul-krugman-says-markets…/
(Rattner wrong)
http://newcenturytimes.com/…/economy-imploding-with…/
Folks, just think about it: there’s no way that an incompetent president bumbling his way into nuclear war while appointing ignoramuses to high office would boost investor confidence. Evidently, as I’ve said and contrary to fashionable liberal opinion, the investment community and American consumers don’t think the sky is falling… because it’s not!!
Glenn C. Loury, Merton P. Stoltz Professor of the Social Sciences, Brown University
Trending Now on Affluent Christian Investor
Sorry. No data so far.
Right Report
Follow Us
The Affluent Mix
Biden Oblivious To Illegal Immigration Issues... August 2, 2021 | Frank Vernuccio
Rob Arnott On Bubbles, Inflation, And Once-In-A-Generation Investment Opportunit... August 2, 2021 | Jerry Bowyer
The Federal Reserve’s Massive Theft Of Stability... August 2, 2021 | Jim Huntzinger
What To Do About This Difficult Market? August 2, 2021 | David Bahnsen
Letter On The Politicization Of Corporations... July 26, 2021 | Jerry Bowyer
Peak Of The Fake Bull Market July 26, 2021 | Michael Pento
Woodrow Wilson’s Administrative State vs. Gold... July 26, 2021 | Jim Huntzinger
Dividends, Energy, And Crypto July 26, 2021 | David Bahnsen
Whose Side Are You On? July 26, 2021 | Frank Vernuccio
Media, Left Ignore These Dangers July 19, 2021 | Frank Vernuccio
Mark Skousen On FreedomFest And How To Measure The Whole Economy... July 19, 2021 | Jerry Bowyer
Quantifying The Quantitative, Or Making Easy The Easing... July 19, 2021 | David Bahnsen
The Gold Standard Means A Rising Standard Of Living... July 19, 2021 | Jim Huntzinger
Book Review: Brian Domitrovic Reveals The Monetary Genius Of Arthur Laffer... July 19, 2021 | John Tamny
Steve Forbes: Time To Worry About Inflation, Not Hyperinflation... July 12, 2021 | Jerry Bowyer
UFOs Rescue Biden July 12, 2021 | Frank Vernuccio
Read This Classical Economist’s 200 Year Old Warning About Paper Money... July 12, 2021 | Jim Huntzinger
How Central Banks Murdered The Markets July 12, 2021 | Michael Pento
Everything There Is To Know About The Stock Market... July 12, 2021 | David Bahnsen
AT&T CEO: We’re Ill Equipped For Politics, And We’re Spending A Lot Of ... July 6, 2021 | Jerry Bowyer
Internet Bias Distorts National Conversation... July 6, 2021 | Frank Vernuccio
The Halfway Point Of 2021 July 6, 2021 | David Bahnsen
Join the conversation!
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.