Quote:
Originally Posted by TwistedChief
I don’t know whom you speak to. I worked at Goldman Sachs for a decade and was a managing director on the US Treasury Desk. Since then I’ve worked at a hedge fund as a portfolio manager. I can assure you that people I speak to on a daily basis think Trump is a prime reason the curve has inverted. And why? Simply, his trade policies have put a crimp in the global supply chain, increased uncertainty, and slowed global growth. If you want to go deeper, he crafted a stimulus package that was completely unnecessary (and in the end also far less effective) when the economy was at or near ‘full employment,’ which prompted the Fed to raise rates faster than they otherwise would’ve done. This did nothing to increase ‘trend growth’ or the supply side of the economy as had been promised.
I’m no fan of Trump and I realize I’m arguing with somewho would has a sig celebrating him, but this is my view as a market participant, not as someone who is politically biased.
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Great post and I have a single question:
What is the perception of the trade war with China as it pertains to China's complete theft of our intellectual property, the manipulation of the currency and the complete trade imbalance?