Interesting to note that Paul Krugman warns, as he did with Brexit, that people should not expect the US economy to tank in the short term just because of the Trump election. In the long term - yes, sure, his policies are terrible in virtually all respects.
But it can take a while for bad decisions to fully kick in with their economic effects.
now that Kruggers has settled down a lot depends on what infrastructure Trump will spend on asnd how protectionist he will be. People forget Reagan was protectionist but not in a grest way.
ReplyDeleteI suspect Trump will be much greater.