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Why Big Business is Excited About Trump

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It’s hard to know what Americans must be thinking right now about the country’s economic future. About half (give or take the popular vote…), of Americans voted for President-Elect Trump, and I can only imagine that many must now be feeling like they’ve had the rug pulled out from under their feet. For starters, their soon-to-be-President promised them he would remove the corruption from Washington, yet his Cabinet appears to be stacked with billionaires. He also attacked Clinton rigorously for her conflict-of-interest connection to The Clinton Foundation during the campaign, but now we hear that he will remain a producer on his reality tv show The Apprentice. With this said, it is easy to see why the markets favour Trump, and why we’ve continued to see stocks rally (the S&P’s 500-stock index has risen 5.6% since the election). Keep Reading

The Market’s Political Opinion

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It’s just a little ironic that a politician obtuse business person who boasts about his tax plans to support America’s biggest corporations would also be the person who the market, aka big business, distrusts most.

According to The New York Times’ Economic View writer Justin Wolfers, “stocks may lose 10 to 12 per cent of their value if [Trump] wins the November election.”

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