President Trump â Why Market Loves Him and Experts Wrong
by John Stepek, Editor of Money Week
âIf the question is when markets will recover, a first-pass answer is never.â
I have to feel sorry for Paul Krugman. The Nobel prizewinning economist was clearly gutted by Donald Trump’s victory.
Yet he also managed to sum up in that one impassioned line (written in The New York Times in the immediate aftermath of the vote), why people don’t trust âexpertsâ.
The Dow Jones is now trading at an all-time high. That might not last, but it’s a pretty definitive rebuttal of that dangerous little word, âneverâ.
Worse still, for Paul though, is the reason that the Dow is now trading at an all-time high.
It’s because markets believe that Trump might just do exactly what Paul and his fellow left-ish economists have been crying out for for years.
See full Money Week article here
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