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1.Market Observations, 8.Was Sticky

12 Nov 2016 (AFR) – US economy is in for a shock – fasten seat belts

(12 November 2016, AFR, p14, The Economist)

‘Market reaction to Donald Trump’s win has been something between sanguine and elated. But if you set out to design policies to do long-term harm to the economy, you might end up with something resembling Mr Trump’s agenda. The next president threatens to erect trade barriers, which would disrupt supply chains and dampen productivity growth. He wants to deport many of America’s 11 million illegal immigrants, which could reduce the size of the labour force by up to 5 per cent. And his tax plan is ruinously expensive, costing almost $7 trillion¬†over a decade, or around half of America’s outstanding national debt.’

Read more at AFR.com (might need AFR login, or try: AFR.com/trial)

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