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When A Proposed Stimulus Plan May Also Be A Brake
Wednesday, November 23, 2016 23:26
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by Gene D. Balas
A rhetorical question – but not a prediction – what if the new administration’s stimulus plans, if approved by Congress, have unintended consequences? There is much that needs to be fleshed out in coming weeks and months, but the market has already cast its verdict on the plan, with a spike in yields on government bonds recently and a jump in inflation expectations embedded in TIPS pricing. Equity markets, likewise, are banking on more assertive growth, at least for now.
Source: http://econintersect.com/pages/opinion/opinion.php?post=201611232353
