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  1. #1
    On the record growth of asset prices, that isn't all Trump and it's mostly not Obama like people think. That's mostly about the Fed BUT the record being as high and lengthy as it is probably depends on Trump. If Clinton had won, asset prices would probably still be up (because Fed) and if a generic GOPer won they probably would be up more than with Clinton. It's the Trump effect IMO that has made the growth so amazingly consistent. That's his true skin-in-the-game learning of what rational expectations really means that many economists stuck in only the mind-space have forgotten. I remember telling my professor a year ago that asset prices will continue to go up in a stable and remarkable way because of Trump's understanding and communication of expectations.
    Last edited by wufwugy; 01-13-2018 at 12:27 PM.

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