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BL
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| Record Number
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865035
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| Main Entry
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Sargen, Nicholas Peter,1944-
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| Title & Author
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Investing in the Trump era : : how economic policies impact financial markets /\ Nicholas P. Sargen.
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| Publication Statement
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Cham, Switzerland :: Palgrave Macmillan,, 2018.
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| Page. NO
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1 online resource
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| ISBN
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3319760459
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: 9783319760452
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3319760440
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9783319760445
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Intro; Preface; Organization; Section I. Financial Markets and Long-Term Growth; Chapter 1. Is Trump's Election a Game-Changer?; Chapter 2. Challenges to Restoring Long-Term Economic Growth; Section II. Fiscal and Regulatory Policies to Promote Growth; Chapter 3. Assessing the US Fiscal Imbalance: Why It Matters; Chapter 4. What Makes Healthcare Reform So Complex: A Primer; Chapter 5. Tax Policy: Tax Cuts Versus Tax Reform; Chapter 6. Macroeconomic Effects of Deregulation; Section III. Monetary, Exchange Rate and Trade Policies; Chapter 7. Changes in US Monetary Policy: Past and Prospective.
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A National Dilemma: What Can Be Done to Control Medical Costs?Summary: No Easy Fix; Investment Implications for the Healthcare Sector; Chapter 5: Tax Policy: Tax Cuts Versus Tax Reform; Perspective on US Tax Cuts; Kennedy Tax Cut; Reagan Tax Cut; Reagan Tax Reforms; Impact of Tax Cuts/Reform on Growth; The Case for Corporate Tax Cuts; Proposed Personal Tax Cuts; Perspective on the Tax Cuts and Jobs Act; Impact on Corporate Profits and Economic Growth; Impact on the Budget Deficit and Interest Rates; Concluding Assessment: A Complex Issue; Chapter 6: Macroeconomic Effects of Deregulation.
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Budgetary Pressures Are BuildingInternational Risks; Are Expectations Too High?; How Will Markets Respond to Policy Changes?; Chapter 2: Challenges to Restoring Long-Term Economic Growth; Excessive Debt Creation as the Primary Cause; Weak Business Investment and the "Secular Stagnation" Thesis; Has US Potential Growth Slowed?; Interventionist Government Policies as the Problem; Implications for Future Growth; The Trump Administration and Congressional Republican Agenda; Conclusion: The Slowdown Is a Global Phenomenon; Part II: Fiscal and Regulatory Policies to Promote Growth.
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Chapter 3: Assessing the US Fiscal Imbalance: Why It MattersThe Evolution of America's Budgetary Problems; The Rise of Mandated Government Programs; Are CBO Projections Too Pessimistic?; Assessing Budgetary Risks; Policy Options; Need for a Longer-Term Perspective; Policy Implications: Near Term and Longer Term; Chapter 4: What Makes Healthcare Reform So Complex: A Primer; US Healthcare: A Mixed System; Evolution of US Healthcare to Managed Care; Rejection of Universal Coverage; The Launch of Obamacare; Attempt to Repeal Obamacare.
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Chapter 8. Trade Imbalances and Jobs: A Macro PerspectiveSection IV. Globalization and Financial Markets; Chapter 9. Globalization and Widening Income Inequality; Chapter 10. Economic and Market Prospects for the Medium Term; Acknowledgments; Contents; List of Figures; List of Tables; Part I: Financial Markets and Long-Term Growth; Chapter 1: Is Trump's Election a Game-Changer?; Elections Usually Have Fleeting Impacts on Markets; Economic Prospects at the Start of 2017; Investors Should Focus on Pending Legislation; Distinguishing Features of Reaganomics and Trump-Enomics.
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| Abstract
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In the wake of the 2016 U.S. presidential election, investors and the electorate alike are seeking clarity on a wide range of macro policy issues that will impact the economy and markets in the years ahead. The primary goal of this book is to provide an objective source for investors to learn about economic policy issues that surfaced. Topics include long-term growth, the federal budget deficit, healthcare reform, tax reform, regulatory policies affecting the financial system and environment, the nexus of monetary, exchange rate and trade policies, and globalization. The book explains how these issues have evolved, considers arguments from both sides of the political divide, and draws upon evidence from studies by experts in the respective areas. A related goal is to assess the likely impact of economic policies on financial markets. While the presidential election was close, the markets? response was decisive: U.S. and global equity markets went on a tear as consumer and business confidence soared. This surprised many investors who believed a Trump victory would be bad for financial markets. It also caused many to question whether expectations embedded in markets were too optimistic. Sargen's assessment is presented in the opening and concluding chapters.
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| Subject
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Capital market-- 21st century.
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| Subject
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Investments-- Management-- 21st century.
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BUSINESS ECONOMICS-- Finance.
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Capital market.
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Economic history.
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Economic policy.
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HISTORY-- Americas (North, Central, South, West Indies)
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HISTORY-- North America.
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| Subject
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Investments-- Management.
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| Subject
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United States, Economic conditions, 21st century.
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| Subject
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United States, Economic policy, 21st century.
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| Subject
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United States.
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| Dewey Classification
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332.6
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| LC Classification
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HG4521
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