in two days, the book closes on the Obama economy, so makes sense to start the new thread.
Hard to spot a consistent point to Trump's economic proclamations, so the litmus test may as well be his cabinet and the economic environment.
Good timing to have Davos scheduled on the eve of his inauguration and get a sense of what the business community is thinking for the future. And most of the talk is positive, and it corresponds with what I've been hearing as well.
This article takes me back to the discussions with TPS about Obama's anemic economic policy, the lack of economic understanding which combined with a patronizing attitude fostered a generally negative sentiment across the business community. That's why most observers know that the growth in Obama's years was mostly a mirage.
Here are what the big shots are saying in advance of Trump's tenure.
Executives in Davos Optimistic Despite Surge in Antiglobal Sentiment
With markets improving and a pro-business administration poised to take over in Washington, the mood among global corporate and financial leaders at the annual powwow in Davos is upbeat, despite the surge of antiglobal sentiment.
In contrast to last year, when plummeting stocks imbued the mountainside gathering with gloom, this year’s World Economic Forum is set against a backdrop of surging equity prices and a jump in interest rates that many banks and others welcome.
Holed up in the Swiss mountains behind impact barricades with snipers on rooftops, many corporate executives said they were enthusiastic about the prospect that the Trump administration will roll back taxes and regulation and spur economic growth after years of lackluster activity. By and large, they brushed aside concerns that trade and other policies of the new administration may be counterproductive.
Edited by GG, 18 January 2017 - 03:34 PM.