mishtalk.com / Mike “Mish” Shedlock / November 11, 2016 2:04:44
A near-universal consensus has formed that Donald Trump is the “inflation president”.
The Wall Street Journal, Bloomberg, New York Times, Financial Times, Money, and Fortune all say so. I cannot find a mainstream or even a minorstream publication that begs to differ.
Bloomberg goes so far as to say “Trump is about to make inflation great again.” Are interest rates headed to the moon?
Inflation Role Call
The Financial Times says Prepare for a Reversal of Monetary Rule Under President Trump. “Historians may come to see 2016 as an economic policy inflection point. Mr Trump is deeply protectionist, reluctant to reform benefits such as Social Security and favours an extensive infrastructure programme. If implemented in full, which seems unlikely, these bold pledges would add $10tn to the public debt in the next decade.”