President Trump – Why Market Loves Him and Experts Wrong

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President Trump – Why Market Loves Him and Experts Wrong

by John Stepek, Editor of Money Week

“If the question is when markets will recover, a first-pass answer is never.”

I have to feel sorry for Paul Krugman. The Nobel prizewinning economist was clearly gutted by Donald Trump’s victory.

CLEVELAND, OH - JULY 21: Republican presidential candidate Donald Trump delivers a speech during the evening session on the fourth day of the Republican National Convention on July 21, 2016 at the Quicken Loans Arena in Cleveland, Ohio. Republican presidential candidate Donald Trump received the number of votes needed to secure the party's nomination. An estimated 50,000 people are expected in Cleveland, including hundreds of protesters and members of the media. The four-day Republican National Convention kicked off on July 18. (Photo by John Moore/Getty Images)

Presidential Donald Trump (Photo by John Moore/Getty Images)

Yet he also managed to sum up in that one impassioned line (written in The New York Times in the immediate aftermath of the vote), why people don’t trust “experts”.

The Dow Jones is now trading at an all-time high. That might not last, but it’s a pretty definitive rebuttal of that dangerous little word, “never”. Read full story here…

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