Wednesday, February 22, 2017

Robini : This is Why The Trump Rally is already running out of steam

"It is little wonder that corporations and investors have been happy," t"Yet the corporate sector's animal spirits may soon give way to primal fear: the market rally is already running out of steam, and Trump's honeymoon with investors might be coming to an end," Roubini concludes. 

"The US dollar's appreciation since the election could destroy almost 400,000 manufacturing jobs over time," Roubini argues.- Via Project Syndicate

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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