Uncertainty shock = lower US GDP estimates; markets will price in EU fragmentation; Fed likely to pass in Dec; ultimate growth impact of Trump will depend on whether his protectionism or Keynesianism triumphs; either way Trump will boost inflation / stagflation expectations as electorates say end wage deflation
via immigration controls, trade protectionism, fiscal spending.
«Frankly, in this day and age, when corporations and billionaires, trying to move an agenda of privatization and anti-worker and anti-immigrant policies,
control politics
via funneling massive sums of money into political fights,... it is likely to be a trap,» Deborah Axt, co-executive director of the
immigration rights group Make the Road New York, told Patch in an interview.