So as the Court of the Tangerine Tyrant prepares to take hold of the American Govt. two diametrically opposed sentiments have become clear:
A poll of economists sees the second Trump term's emphasis on tariffs as likely outweighing any other (potential) benefits of his economic policies & thereby undermining continued US growth;
Meanwhile, money market traders are piling into the $ raising its value, seemingly betting on a continued growth in the US economy....
h/t FT
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Cabbidges
In response to this post@ChrisMayLA6
Might just be what I call the brown envelope phase. People/companies forseeing they're going to need dollars to buy this or that during the next 5 years. The dollar went up last time too, right at the beginning.
@TheDailyBurble
Fair comment; the intentions/sentiments of money market traders can sometimes being opaque, or even miss-read; so you may well be right
by Emeritus Prof Christopher May ;
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