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NOTHING IS PERMANENT EXCEPT CHANGE

Tóm lược dể hiểu chính sách kinh tế của Trump: "The economic policies that have so far emerged from Trump’s team are eclectic, featuring New Deal-like infrastructure spending, Reagan-style military Keynesianism involving a large increase in defence spending, and tax-cutting supply-side economics. If a programme along these lines is implemented it will amount to a huge stimulus and could spark a spectacular US economic boom. Whether it would bring back jobs and regenerate declining industries as Trump has promised is another matter. Fiscal stimulus on this scale risks inflation, rising interest rates and higher levels of US national debt."

OTHER NEWS

Yale economist and Nobel Prize winner Robert Shiller’s measure of long-term stock valuations is pointing to much weaker returns ahead. The Shiller CAPE has been a reliable indicator, seeing downturns on Black Tuesday in 1929, Black Monday in 1987 and the dot-com bubble. Shiller’s friend and sparring partner Jeremy Siegel disputes the outlook, saying several […]

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