It has become rather clear this past week that President Trump has grossly miscalculated his ability to change things up in Washington with the kind of speed a multi-billion dollar merger can be put together
President Trump quickly is walking back and dialing down on most of the populist issues that won him the election while playing chicken with Syria and North Korea, without any sort of key coalition building. For a guy who ran as a nationalist, he sure is looking more like a global â??Lone Rangerâ?ť every day.
The flip-flopping on domestic issues and the rattling of sabers means investors are having to recalculate rapidly how much of the marketâ??s current condition to price in these unforeseen elements of newfound risks. Whatâ??s the new time line for health care reform, tax reform, infrastructure spending and deregulation? The only thing the market is sure of is the current spending resolution expires on April 28, after the U.S. government reinstated its so-called â??debt ceilingâ?ť in March. Do not worry, though, inÂ the short term. It is complicated to explain in a short column, but the government will be able to continue to operate pretty much as usual until sometime this fall.
And the Treasury Department has been funding the government using so-called â??extraordinary measuresâ?ť that donâ??t officially add to the national debt, at least not yet. Treasury officials can continue to pay the governmentâ??s bills in this manner until sometime this fall. So, itâ??s likely to be business as usual until sometime in late October, unless…
Click here to read the full article: “Delays on Trump Agenda Temper Investor Expectations.”
Sign up to the Human Events newsletter