Skip to comments.Robert Shiller: Recession Likely Years Away Due To Bullish Trump effect
Posted on 10/20/2019 4:56:40 PM PDT by Kenny Bania
Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market.
According to the Yale University professor, President Donald Trump is creating an environment thats conducive to strong consumer spending, and its a major force that should hold off a recession.
Before the markets can take-off, Shiller stresses President Trump needs to get past the impeachment inquiry. He sees this as the biggest threat to his optimistic forecast.
Yet, hes sticking with the idea that the economy and markets should have a lot of runway left for gains if President Trump remains in office due to his pro-spending, pro-business narrative.
Shiller contends the next recession may not hit for another three years, and it could be mild.
(Excerpt) Read more at cnbc.com ...
Economists as a whole never seem to agree.
Shiller is not a good name for an economist.
Darn, the bad news for Leftists just keeps piling up.
Markets go up and down. At least he acknowledges the obvious that were in an up phase now with pdjt.
So lets impeach Orangeman
Hes obviously an idiot.
Always a good time to add to S&P 500 index mutual funds.
Early October 2019 Trump issued two executive orders that reduced GUIDANCE. Guidance is unelected, unaccountable bureaucrats from issuining edicts that have the force of law. They typically have the net effect of protecting big business from the threat of small business competition.
I suggest that much excessive regulation remains to be removed.
I suggest that one of the major reasons for the great economy is the roll back of some of the excessive regulations.
I suggest that continued rollback will continue to free small business to expand and become big.
The states, especially the red states, should learn and do the same. Many red states have excessive regulation that suppress their economy.
There is a need for a small amount of regulation. But both state and Federal government have gone to excess.
Recession will come back when the rats take control again
A lot of the Market is based on human psychology.
Having a positive-attitude, pro-business President that supports the markets and workers goes a long way to reassuring investors.
In that way, Trump’s the exact opposite of Lizzie Warren and Bernie with their clutch-and-grab socialism.
Why don’t they
Call it “Roundtine?”
Markets go up and down. Nuff said
Simply, the less taken out of the private sector, the larger it grows.
I hope there’s a little dip somewhere along the line so I can invest some surplus cash.
Isn’t he a TV preacher?
Market up 50% since Trump was elected. That is in 3 years!
Average market gains are closer to 7% per year. Do the figuring.
When Trump leaves the office, it will be 30% down in 3 years to adjust to the 100 year old average of gains.
Economists predicting stuff usually ends badly. But if it leads to a few more leftards jumping off of Trump Tower to make a statement, it’s a good thing.
Gov Ducey in AZ seems to have the right idea. He and the legislature have been doing some innovative changes that are really helping workers, and thus business.
A great example is that for a whole slew of professional licenses, such as cosmetology, if they are licensed in another state their license is good in AZ with a minimum of fuss and low or no cost.
It shows how deregulation can work from the bottom up, as well as from the top down and right in the middle.
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