atans1

Paper Trump hates analyses effect of Trump on US$ and equity mkt

In Uncategorized on 10/08/2017 at 5:24 pm
From NYT’s Dealbook
By PETER S. GOODMAN
Long the ultimate safe haven in the global economy, the U.S. dollar may be losing some status as investors grapple with an uncertain political climate.

And

 

Financial markets are reaching new highs, and enthusiasm about the business environment appears to be strong: Does that have anything to do with President Trump?
The administration has been unable to pass any meaningful legislation on major campaign promises and its trade agenda has stalled, frustrating steelworkers and others in industries the president vowed to protect.
Mr. Trump’s supporters have pointed to the bevy of executive orders that he has signed and his efforts to roll back regulations.
America’s largest corporations, however, are not citing rollbacks as the reason for their improved results.
“The administration is, at a minimum, telling a one-sided story — it’s a bit disingenuous,” Charles Campbell, managing director at MKM Partners, said about Mr. Trump and his team’s taking credit for the rising stock market.
Mr. Campbell said it is “a little early” for companies to see any direct benefits from Mr. Trump’s deregulation efforts.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: