Wall Street Journal (January 14)
“Trump wants to run the economy hot. There’s a good chance he’ll succeed,” but most presidents and Congresses avoid “juicing the economy” for good reason. The short-term results might be appealing, but “the long-term consequences” are real. “Ever-rising debt leaves future generations poorer and risks a debt crisis. Loosening credit and dialing back regulations, when valuations are already stretched, could end in market bust.”
Tags: Congresses, Consequences, Credit, Debt, Debt crisis, Economy, Future generations, Juicing, Presidents, Regulations, Risks, Trump, Valuations
Economist (October 9)
As the U.S. presidential election heats up, the media is awash in party-related statistics. The Economist reports that since 1929, “America’s stockmarket has gained more under Democratic than Republican presidents” with Democratic administrations presiding over a 460% increase in nominal share prices versus 100% for Republican administrations. In terms of cumulative returns, the results are even starker. The Democrats scored 300% versus the Republican’s 0%.
Tags: Democrat, Election, Presidents, Republican, Share prices, U.S.
