Trumponomics Wall Street Wanted Trump. Now They Have to Deal With Him
Nov 13, 2024
Tim O’Brien, a senior executive editor at Bloomberg Opinion and author of "TrumpNation," and John Authers, Bloomberg’s senior editor for markets, dive into the economic future under a potential second Trump presidency. They discuss how Trump’s fiscal policies could impact interest rates and Corporate America. The conversation reveals the complexities of balancing elite interests with those of marginalized voter demographics, and explores the lingering effects of tariffs and protectionism on the current market landscape.
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The New Political Divide
- Democrats represent the economic winners, while Republicans represent the comparative economic losers.
- This economic divide is a key factor in American politics.
Inflationary Risks
- Trump's policies, such as tax cuts and tariffs, risk increasing inflation.
- This poses a challenge, especially given the existing economic climate.
Trump's Priorities
- Trump prioritizes immigration over economic issues like the Federal Reserve's independence.
- Deporting immigrants would negatively impact small and medium businesses.
