Monday, November 21, 2016

Trump Secures Biggest Ally Yet In Mission To Close Better Trade Deals & Could Push U.S. Economy and Stock Markets to New Records

Via Billy

 Republican presidential nominee Donald Trump walks off his plane at a campaign rally in Colorado Springs, Colorado. REUTERS/Mike Segar

President-elect Donald Trump made closing better trade deals a highlight of his candidacy, and he might have just won his biggest ally yet in that arena.

House Ways and Means Committee Chairman Kevin Brady, a crusader for free-trade agreements, said he’s ready to work with the incoming administration on its plans to assure America is getting the most economically profitable deals as possible. During the campaign, Trump’s proposals set off alarm bells for many Republicans, who believed his approach could be detrimental to the economy.

Nevertheless, Brady said the GOP is putting together an ambitious agenda to put pro-growth policies in place in 2017 — including strides to make sure American goods are successfully bought and sold abroad.


Deutsche Bank: Trump Could Push the U.S. Economy and Stock Markets to New Records

It's looking more likely that President-elect Donald Trump will preside over a continuing U.S. expansion that could take its place as the longest among American business cycles, according to Deutsche Bank AG. And Chief U.S. Equity Strategist David Bianco predicts that by the time the real estate mogul takes office in January, the S&P 500 Index will eclipse 2,250.

Investors are under-appreciating the "much higher chance now of a long lasting economic expansion that rivals the 10 year U.S. record," the strategist writes "We're more confident now that the S&P will reach 2,500 in 2018 before suffering its next bear market."

More @ Bloomberg


  1. All that's needed to fix trade is a flat 10% trade tariff or WTO-legal BTT. Pass it. Done. Never again would trade be an issue. And there'd be no means of corruption. If more is wanted, then make it 15%. But it's a "regressive" tax.

    And the overall tax load would also need to be reduced concomitantly.

  2. I personally don't believe in this stock rise, but I've been negative since like 2014...

    I actually made money shorting via the SH etf during the election. I sold when I was ahead, though I never dreamed stocks would rise like this. I was tempted to go short again last week - glad I didn't. I can't make sense of investments right now.

  3. I follow Zerohedge, which is always negative. If you listened to Zerohedge from 2009, you lost out on a great rise. Nevertheless, I tend to agree with them - and also with David Stockman and Peter Schiff, who are also always bearish. Jesse Colombo is another bear I like. And I follow some traders on twitter for oil news. Also, I subscribe to an oil-related magazine.

    1. Thanks and I used to play.