On the surface, the message from the University of Michigan’s final reading of consumer sentiment for November is that President-elect Donald Trump will fix what ails the nation — fast.

The consumer expectations index of the survey rose by 8.4 points from October to 85.2 — a one-month gain last exceeded in the December 2011 — a testament to households’ optimistic view on the outlook for the U.S. economy and their own pocketbooks.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Soaring Consumer Confidence: Are Americans Happy It's Trump, or Just Happy It's Over?

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Short-term gain for long-term pain?

That’s the view of economists at Goldman Sachs Group Inc., who argue that while some of President-elect Donald Trump’s proposals could boost U.S. economic growth in the near future, his other policies would offset those positive impacts over the long-run.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Goldman Sees the Possibility of Stagflation Under Trump Presidency

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The IMF on Thursday urged Argentina to stay the course on tough economic reforms, but also to take steps to protect the poor from the negative consequences.

In the first report on the nation’s economy in a decade, marking full restoration of relations between Buenos Aires and the International Monetary Fund, the fund said it will take time for the reforms to bear fruit and there will be “negative short-term impact” of the policy changes.

Read the Full Article: Source – France 24
Time For Truth: (France 24) – IMF urges Argentina to continue reforms, protect poor

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President Obama has been loud and clear about his fight against income inequality, but he admitted that the rich have fared far better than the poor during his time in the White House.

In an interview that aired Sunday on ABC’s “This Week with George Stephanopoulos,” the show host cited a recent study from the University of California, Berkeley, that found 95% of income gains from 2009 to 2012 went to the top 1% of the earning population.

Read the Full Article: Source – CNN
Time For Truth: (CNN) – Obama admits 95% of income gains gone to top 1% (2013)

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Chinese internet companies face a new reality after Donald Trump’s surprise victory as U.S. president-elect — and Alibaba Group Holding Ltd. has the most to lose.

On the campaign trail, Trump promised to upend global trade, saying that China is “killing us” on trade policy and proposing tariffs on Chinese goods of as much as 45 percent. If implemented, his ideas could lead to “devastating” results, from global trade wars to higher costs of living, and “spell the end of globalization,” according to Darrell West, a vice president at the Brookings Institution.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Alibaba’s U.S. Growth Ambitions at Risk After Trump Victory

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