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30 Jan 2017 (AFR) – Trumponomics: Wall Street or academic economists will be wrong

(30 January 2017, AFR, p22, by John Kehoe)

‘One group of pundits is going to be horribly wrong on Trumponomics. Either bullish investors driving stocks to record highs, or many of America’s eminent academic economists who are overwhelming bearish on Trump’s policies will have egg on their face when the history books are written. Justin Wolfers, an Australian economics professor at the University of Michigan, says many of his fellow academics who attended a recent conference in Chicago believe there is an “absurd level of optimism in the markets” about the new President. “I genuinely believe someone is going to be wrong and I think there is a reasonable chance it’s the markets,” he says.’

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