With Trump there might be some short term benefits, but no president can change the long-term fundamentals. With Biden we have seen the green boom in the first two years to witness a green bust afterwards. We can expect tariffs, lower taxes, more deficits, but all of that doesn’t change the long-term picture. It might actually speed up the process of the long-term debt cycle issue.
I have projected budget deficits base case well over $2 trillion annualized regardless of who won the election. And non G7 central banks are no longer buying US Treasuries to subsidize the budget deficits pic.twitter.com/4L5bJ1ZoPS
— Jason Burack (@JasonEBurack) November 6, 2024
Views:
75