16 Nobel Prize-winning Economists see a Trump inflation bomb!

Trump’s policy proposals, if enacted, are also expected
to cause the government to borrow significantly more
money compared to Vice President Kamala Harris’
policy plans. That would make it riskier to invest in
US government-issued securities, leading investors
to demand higher interest rates to hold US debt.

We will enter a recession.  It will get bad.  Trump will be blamed.  We will return to very low rates / ZIRP.  Everything will moon.  History is cyclical, it will repeat.  

Wall street journal survey of 39 economists reveal that most of them show strong support for Harris economic policies.  For examples, $6,000 tax credit for new baby, increase in corporate tax rate, capping insulin price at $35 and building more affordable housing.  However most economists show weak support for Trump economic policies.  For examples, permanent tax cuts, 20% tariffs on all imports, no tax on social security, tax cuts for the rich, mass deportation, and less federal reserve independence in setting interest rates.

@thirdperson

 u dont like the idea of mass deportations of criminals and insane illegal aliens ? then house some ...  

Certainly not for the FASCIST policies of the MAGA movement... 

Without billionaires such as Murdoch and Musk, Trump's election race against Harris shouldn't be close.  Most economists agree that Harris economic policies are better than Trump's.  But the wealth and power of billionaires to buy elections can endanger democracy, environment and efforts to create a fairer economy.  If Trump wins, he will cater to the super rich who are at odds with what's best for building a healthy society.  They are more concerned about taxes and regulations than the risk of electing the worst president in US history.

According to American enterprise institute, Biden economic record is much better than critics claim.  First, US prices have risen 19.9% since end of 2020 compared to 17.6& average for other countries.  Largely due to supply chain disruptions.  Secondly, US wages have kept up with prices.  US purchasing power has risen 0.3% while falling 3.3% in other countries.  Third, US unemployment has averaged 4.2% which is low by historical standards.  This is below 5.4% average for other countries.  Fourth, US GDP has risen 11.8% compared to 8.3% for other countries.  Fifth, S&P 500 has risen 52% compared to 45% in stock markets of other countries. 

what are “ Harris Economic Policies “ ?

We don’t hear about it , particularly not from her 

Bidenomics part 2 ? 

@Barbarossa

 Women’s health care has no $ sign yet but sure to be biggly if you catch my meaning?????

Economists support Harris/Democrats

CNN -

Several notable economists threw their weight behind Harris,
including University of Michigan economist Justin Wolfers and
Claudia Goldin, who won the Nobel Prize last year for tracking
women’s labor participation and the evolving wage gap.

   “With Kamala Harris in the White House, workers,
   families, and businesses can be confident that they
   have a president who will work relentlessly to build
   a strong, pro-growth economy for all Americans,”
   reads the endorsement, which was also signed by
   former Labor Secretary Marty Walsh and
   ex-Massachusetts Gov. Deval Patrick.

economists for kamala !!  

On CNN and X, 300+ university economists oppose Trump re-election in letter.  His policies rest on a misdiagnosis of the economy.  High tariffs cannot protect manufacturing jobs against trends of automation and transition to a service economy among rich nations.  His attempts to reduce trade deficits and increase manufacturing employment didn't work.  Instead trade war forces government bailout for farmers.  American consumers and businesses end up paying for tariffs.  Manufacturing workers would be better served by Harris who is willing to engage in reality rather than fantasy.  Despite Trump claims to the contrary, US economic performance was unremarkable in his first term.  Overall, employment growth was negative.

Harris wants to improve US economy but Trump wants to tear it down to rebuild.  Harris economic agenda calls for modest upgrades to make life more affordable for Americans.  Bigger tax credits for parents.  Boosting the minimum wage.  Building more homes.  More small business loans.  In contrast, Trump wants dramatic changes.  Mass deportation.  High tariffs.  Tax giveaways.  However most economists agree US economy is doing fine and doesn't need a complete overhaul.  Trump risky plans could do more harm than good.  Purchasing managers of companies warn prices are likely to increase if Trump is elected. 

Economic scholars!    

@thirdperson

 Common sense policies, to help the large majority of Americans - regardless party affiliation! ....a Liberal sentiment which is very much a continuation of the Biden admin

Biden is ranked the #14 BEST president in American history by experts. 

we would think common sense

but it appears very likely now we wont see any of those

China’s state media focuses on US divisions as America awaits election results

china is cheering the huge divide in our country now     

our loss their gain

Any and likely ALL of America's "traditional" global adversaries are celebrating as we speak...

dancing likely until late wednesday night  

Goldman Sachs slashes growth forecasts
for Germany, UK and wider Europe
because of Trump win

London CNN —

President-elect Donald Trump’s proposed protectionist policies, including hefty tariffs, will hurt Europe’s economic standing — leaving crisis-hit Germany particularly vulnerable, Goldman Sachs predicts.

The Trump inflation shock
could be worse than the
last inflation crisis

New York CNN —

Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again.

Summers, the famed economist and former Clinton-era Treasury secretary, is alarmed by the potential impact of Trump’s proposals to slash taxes, spike tariffs, deport undocumented workers and influence the Federal Reserve.

“If he carries through on what he said
during his campaign, there will be an
inflation shock significantly greater than
the one the country suffered in 2021,”
Summers told CNN.

Bond prices have dropped sharply since Trump's election.  Investors worry that his economic policies will boost inflation and fiscal deficits.  This can hurt US economy by making borrowing more expensive.

That's how the market reacts to fascist stupidity.