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Mon Oct 21, 2019, 03:48 PM

Recession Likely to Be Years Away Thanks to Trumps Bullish Effect on Market - Nobel Prize Winner...

Recession Likely to Be Years Away Thanks to Trump’s Bullish Effect on Market – Nobel Prize Winner Robert Shiller

21 Oct, 2019 13:27 / Updated 7 hours ago

US President Donald Trump is creating an environment that’s conducive to strong consumer spending, says economist Robert Shiller. It’s a major force that should hold off a recession, he adds.

“Consumers are hanging in there. You might wonder why that would be at this time so late into the cycle. This is the longest expansion ever. Now, you can say the expansion was partly Obama,” Shiller said in an interview with CNBC. “But lingering on this long needs an explanation.”

The explanation, according to the Yale University professor, is US President Donald Trump.

“I think that has to do with the inspiration for many people provided by our motivational speaker president who models luxurious living,” he said.

According to Shiller, there’s still uncertainty and risk surrounding Wall Street. He says the biggest threat to his optimistic forecast is Trump’s impeachment inquiry.

“If he survives that, he might contribute for some time in boosting the market,” Shiller said. “We’re maybe in the Trump era, and I think that Donald Trump by inspiration had an effect on the market, not just tax cutting.”

more...

https://www.rt.com/business/471423-trump-economy-recession-expansion/

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Reply Recession Likely to Be Years Away Thanks to Trumps Bullish Effect on Market - Nobel Prize Winner... (Original post)
RCW2014 Oct 21 OP
foia Oct 21 #1
RCW2014 Oct 21 #2

Response to RCW2014 (Original post)

Mon Oct 21, 2019, 05:18 PM

1. It's amazing what happens when you have a president that supports our economy

and actively works to get better trade deals.

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Response to foia (Reply #1)

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