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Investors exuberant as Trump signals shift from austerity era

Renae

Renae

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[FONT=&quot]By Abhinav Ramnarayan[/FONT][FONT=&quot]LONDON (Reuters) - European stocks rose on Thursday following extraordinary gains in Asia and the United States, as exuberance shot through markets and reversed initial dives in reaction to Donald Trump's U.S. presidential victory.[/FONT]
[FONT=&quot]Investors focused on Trump's priorities - including tax cuts and higher infrastructure and defense spending, along with bank deregulation - and set aside for the moment longer-term worries about whether he will slap punitive tariffs on Chinese and Mexican exports, risking a global trade war.[/FONT]
[FONT=&quot]European stocks hit a two-week high, with the pan-European STOXX 600 index up 1.3 percent in early dealings, and "safe haven" government bonds sold off after Trump suggested he would spend billions on infrastructure.[/FONT]
[FONT=&quot]This marked an abrupt change from the sharp recoil on markets on Wednesday after the Republican candidate's triumph.[/FONT]
[FONT=&quot]Investors saw signs that Trump will ditch the budget austerity policies that Western governments have pursued since the 2008 global financial crisis after he takes over in January.[/FONT]
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https://www.yahoo.com/news/asia-shares-rebound-trump-turnaround-astonishes-004057955.html
This should be interesting.
 
Yes it should be interesting.

I hope all those alleged deficit hawks are consistent because cutting taxes while massively ramping up infrastructure and military spending doesn't really seem like it's going to lower the deficit, you know, clearly.
 
How exactly were bank deregulation, tax decreases for the wealthiest among us, and an increase in military spending part of Trump's anti-establishment promises to the little people?! I wonder how long it will take them to realize that they have been conned.
 
But...but...it's the end of the world!
 
Jetboogieman said:
Yes it should be interesting.

I hope all those alleged deficit hawks are consistent because cutting taxes while massively ramping up infrastructure and military spending doesn't really seem like it's going to lower the deficit, you know, clearly.
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Republicans have never been serious about the deficit. GWB blew it up. Trump will too.
 
The market is up again today, after a great day yesterday.

Add the "market crash if Trump is elected" on to the list of media lies. (Although, we have been in a bubble for a long time that has to burst eventually.)
 
Jetboogieman said:
Yes it should be interesting.

I hope all those alleged deficit hawks are consistent because cutting taxes while massively ramping up infrastructure and military spending doesn't really seem like it's going to lower the deficit, you know, clearly.
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Sorry that you no longer have a gov't who's ONLY solution to any problem is raising taxes...
 
two points, first if you like Jessica Alba, watch The Sleeping Dictionary. Its a stupid art house kinda movie but if you want to see Jessica Alba (and I mean see Jessica Alba) its the greatest movie ever. I forget what my second point was.
 
Did anyone even try to listen to Trump on the trail? He was always very clear that he is going to try to bring the wealthy in on a grand compromise, and that he wants to tap them along with any other available tool to MAKE AMERICA GREAT AGAIN!
 
Jetboogieman said:
Yes it should be interesting.

I hope all those alleged deficit hawks are consistent because cutting taxes while massively ramping up infrastructure and military spending doesn't really seem like it's going to lower the deficit, you know, clearly.
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You don't understand. Cutting taxes (revenue) actually raises revenue. Con math. Working great in Kansas. LOL!
 
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