The economy still Trump's main political asset
It's the 401K, stupid! It would be a huge boost for the US president if the markets continue to roar, assuming he succeeds with both the corporate tax cut and the infrastructure plan
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Washington
RENOWNED economists were warning investors on the eve of the 2016 US presidential election to prepare for a global recession if Donald Trump got elected, with some envisioning nothing short of an economic apocalypse if the Donald ended up occupying the White House for the next four years.
After the world-as-we-know-it didn't come to an end on Nov 9, 2016, the warnings became more muted, although quite a few economic pundits predicted that the newly elected president's anti-globalist agenda and protectionist trade policies could ignite a trade war that could lead to a global economic slowdown. "How President Donald Trump will wreck the world economy" was the headline in the British Independent a day or two after the US presidential election.
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