If President Donald Trump wins a second term, it could prolong the bull market and delay a recession, Nobel laureate Robert Shiller says.
"It also seems likely that when Jerome Powell's term as Fed chairman expires, he'll bring someone in that he controls more, and bring someone who can stimulate the economy without worrying," the Yale University economics professor said Monday on CNBC's"Trading Nation.""It's also that Trump is a model for extravagant living and big spending. All these things are boosting of the stock market.
Since Trump won the presidency in November 2016, the Dow and S&P 500 and Dow have rallied 44% and 35%, respectively. Along the way, there were corrections in February 2018 and December 2018. But Shiller points out the subsequent rebounds were encouraging — at least to a certain extent. That's where his economic and market outlook gets cloudy. Shiller, who has been making comparisons to the excesses of the Roaring '20s and the current bull market, is still on recession watch. He lists a contraction as a top risk to the market.
TradingNation And ? What a small corner of the big picture your looking at. Yay more money and worse air/ water...
TradingNation I don’t care who wins as long as the market goes up and we don’t go to another war.
TradingNation As artificially inflated as they are now I'm hopeful this guy's wrong. He usually is.
TradingNation Hi is Nobel winner in human world but who knows what place he will hold in Invisible world.. let see if he really worth it in God’s world with his predictions. 😂
TradingNation This is nonsense. There has been little to no growth under Trump. While Dems increasing taxes on the rich may pull back the markets slightly, the increased spending and debt alleviation at the middle and lower classes would increase growth, and expected cash flows, stocks.
TradingNation I know sure as shit I'll be in a depression.
TradingNation The current “boost” is propped up by last year’s $1.1 trillion in buybacks. And here’s a hint: the average voter doesn’t give a shit about the stock market, just in case you think this is a big selling point to the American voter.
TradingNation Please . . . The Dow is stocked in 26,000 pts tks to Trumps From the Hip Policies
TradingNation bank on it Trump2020Landslide
TradingNation By billionaire FRIENDS cooking. So TRUMP loses, billionaire FRIENDS destroy people 401ks by SELLING stocks OFF?
TradingNation Another way of saying the market would crash if an idiotic hateful socialist is elected!
TradingNation If a socialist gets in then flat will be the new up for four years. Fun!
TradingNation A D win in 2020 and the economy will take a steep dive. You can't tax the country into prosperity--which is the overall D plan.
TradingNation A short term boost?
TradingNation And the income disparity gap will be an ocean
TradingNation I agree... to many unknowns. The Dems have lost their minds with socialism.
TradingNation Duh.
TradingNation Winning
TradingNation That’s encouraging. Good news for the people of USA and the country itself.
TradingNation Toeing the fascist line is good for capitalism.
TradingNation We all win. I love this winning stuff. 🇺🇸 I don’t care about Trumps taxes, I care about my own. 🤑 I am more curious about politicians that ‘get rich’ serving the people. 🤯 Let’s see their returns. 💪🏼
TradingNation Hurrah for the wealthy Kleptocracy.
TradingNation Yes ! Best President ever!
TradingNation Because ? He had allready 4 years to do it .. trade deal with eu and china ... Allready looking like obama's
TradingNation Markets go up, markets go down; the real question is not what the short term gain looks/feels like, but rather what the long term damage is, and how long it will last.
TradingNation exactly true
TradingNation Why?
TradingNation I’m glad we have all these hypotheticals. Yet reality shows he can’t do shit to help the economy. They can fuck off with these scenarios when reality is far from it.
TradingNation Oh but so many other vital items would take a hit, in my humble opinion, of course. They're items that matter to me.