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Thursday, March 2, 2017

US stock markets are high on drugs now!

USA fundamentals have not changed much on the main street but wall street's euphoria is based on sentiments towards Trump's speeches insofar.  Trump's fiscal stimulus will boost the economy but this ephemeral will be negated by Janet Yellen's rate rises and the stock markets will come crashing down hard.  The US stock markets are like a house of cards now.

1 comment:

Eric Ho said...

Inflation has materialized in EU and EU will have to reverse its QE and raise interest rates to contain inflation. US also has to do the same thing (reverse QE & up interest rates). All these will nullify any fiscal stimulus effects.