“US exceptionalism all over again”
Goldman Sachs The Markets
00:00
US Economic Parallels to the 1980s
- The US's current economic policies, including loose fiscal policy, tight monetary policy, and trade frictions, mirror those of the 1980s.
- This combination of policies could lead to a stronger dollar, attracting investment and potentially fostering domestic job growth.
- Similar to the 1980s, this could import disinflation, boosting industrial revival.
- While the long-term effects are uncertain, these policies may help the current administration achieve its short-term objectives.
- The market opportunity lies with the dollar and the S&P, while the rates market appears balanced and less opportunistic.
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