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1.Market Observations, 8.Was Sticky

11 Nov 2016 (AFR) – Markets hail Trump stimulus

(11 November 2016, AFR, p1, by John Kehoe)

‘Donald Trump’s plan to emulate US president Ronald Reagan by slashing taxes, cutting regulation and running up debt to unleash infrastructure spending helped turn global financial markets on Thursday, as investors welcomed the prospect of more inflationary pressures. The world’s biggest economy appears poised under Mr Trump to shift from a dependence on the fading power of ultra low interest rates to kick-starting fiscal stimulus.’

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