Deutsche Bank is a global German banking institute that employs 100,000 people in over 70 countries and was the largest foreign exchange dealer in the world – until August of 2016.
Now, the big bank is quantifying Trump’s first two years in office.
In a new report, Deutsche Bank reviewed Trump’s new policies and how it would affect the two U.S. economies, Wall Street and Main Street, and the results they discovered are staggering.
David Folkerts-Landau, a Chief Economist at Deutsche Bank wrote:
“This policy will be successful in moving the U.S. economy away from low-growth secular stagnation towards significantly more buoyant performance.
We would not be taken by surprise by a doubling of the growth rate of real GDP in the U.S. over the next two years, nor by a further significant move up of equity valuations and a material further appreciation of the dollar.”
This new analysis unsurprisingly debunks many other – obviously liberal – chief economists’ theories that the money markets around the world would crumble under a Trump presidency.
Most liberal economists also predicted that the DOW J and NASDAQ would plummet on November 8th 2016 if Trump won the presidency, but it didn’t.
In fact, the DOW J recently almost cracked 20,000 for the first time ever following Trump’s win, and it just might do it again come January 20th or 21st.
So it shouldn’t be a surprise that business and stock-holders across the globe have a reaffirmed comfort in the direction President-elect Trump’s experience will take everyone.
The sky is the limit.
Folkerts-Landau also said about Trump’s new direction:
“This approach should produce a new order that will ultimately be more stable in the sense that ‘good fences make good neighbors.
The impact may not be felt immediately, but once the new agenda kicks in it will serve as a “game changer for the U.S. economy. In raw numbers, that would push 2017 growth to 2.4 percent and 2018 up to 3.6 percent.
U.S. growth will bleed into the world economy, which pushed its 2017 global GDP forecast from 3 percent to 3.4 percent.”
But, globalist and Nobel Peace Prize winner, Paul Krugman, who is also a columnist for The New York Times, and was a professor of economics at MIT and then later at Princeton University, would disagree with these numbers and analysis.
He would argue that moving manufacturing from one country to another doesn’t increase production and value, it just simply shifts its location.
Hold on. One of the most “celebrated” and award winning economists in the world doesn’t understand simple economics and job creation?
It’s quite simple – the United States makes more money if we manufacture in-house. This is not a complex theory.
Even Steve Forbes previously said a reasonable outlook would estimate the U.S. GDP growth at only 7% higher under a Trump administration.
The next time someone tries to bring up the dangers of the American economies under a Trump presidency, point to the current strength of the dollar and the Dow.
It’s clear that even chief economists have liberal agendas to weave.