From gilded penthouses and fancy cars to big yachts and oversized Brioni suits, Donald Trump’s penchant for spending is the stuff of legends.
‘Trump is a model for extravagant living and big spending. All these things are boosting of the stock market.’ Robert Shiller Well, if that is, indeed, a driver, it seems to be working so far. “It’s very clear that Trump is a pro-business candidate,” he told CNBC in an interview this week. “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.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: