Via Billy
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.
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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."
