Roubini: Certain Trump economic proposals are ‘highly dangerous’ for markets

5 comments

1. This is why they call economics the dismal science. This guy doesn’t know what he is talking about. Extending the 2017 Tax Cuts will continue to increase revenue to the government. That is NOT inflationary. Trump’s tariffs are only a tool to obtain reciprical trade agreements from our trading partners so they don’t abuse the relationship. That is also not inflationary. For instance. The tariff on EU cars entering the US is 2%. The tariff on US cars entering the EU is 12%. Trump theatens to put a 20% tariff on EU cars entering the US, the EU decides maybe 12% is too much and drops their tariff to a reciprical 2%. We sell more cars in the EU. How is that inflationary?

2. Generic headline just in case these turn into Kamala’s proposals in the next month or so.

3. Generic headline just in case these turn into Kamala’s proposals in the next month or so.

4. Then what are price controls for businesses with an average 1-3% profit margin?

5. Literally Who?