Ghost of Igloi wrote:
agip,
Here are a couple of "What ifs"....
What if rising interest rates are due to the end of QE and Central Banks to influence markets rather than growth?
What if we have the opposite of the QE phase, instead of stocks and bonds both going up, both asset classes go down?
What if populism leads to trade and currency wars?
What if the ETF trade blows up, with its dangerous market structure of overweight positions, coupled with institutional trading and buy-on-the-dip trading?
What if this whole Trump Trade is institutionally driven, and would have been similar with a Hillary Win (good for economy just like Bill)?
For better or worse, my history in the business keeps me scared and skeptical.
Igy
and of course if interest rates rise it will crimp the national budget as carrying costs on the national debt go up.
if the republicans actually care about deficits, they might push back hard aginst a free-spending Trump, esp after the fairly restrained last few budgetary years.
the whole freaking world will rely on congressional republicans - if they can hold back trump from what he has said he wants to do.
I'm a democrat so I have little faith in GOP leaders, but I'm hoping to be proven wrong.