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1.Market Observations, 8.Was Sticky

21 Apr 2017 (AFR) – Donald Trump trade fizzles out

(21 April 2017, AFR, p31, by John Kehoe)

‘The Trump reflation trade is fizzling out as the President’s oft-touted plans for sweeping tax cuts, deregulation and infrastructure investment hang in limbo. On Wall Street, stocks are retreating, government bond yields have fallen to lows last recorded during the November election month, and Goldman Sachs has abandoned its long bet on the US dollar. A partial US government shutdown next week is plausible due to a political fight over budget funding, a stalemate that would be more symbolic of the continuing paralysis in Washington than harmful to the economy.’

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