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Why Byron Wien Is An Optimist.pdf

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Preview of Why Byron Wien is an Optimist

🔗 Source: larrysiegeldotorg.files.wordpress.com

📊 Size: 656 KB

👤 Author: Laurence Siegel

⬇️ Downloads: 187

Summary

Byron Wien, vice chairman of The Blackstone Group, discusses his market outlook and the US presidential election. Despite initially having a gloomy tone for 2016, Wien notes that the economy has picked up, with the US GDP growth expected to be 2.5% in the second quarter. He attributes Donald Trump's popularity to the fact that many Americans are fed up with the polarization in Washington and are looking for change. Wien believes that Trump could win the election, citing his effective debating style and Hillary Clinton's vulnerabilities. On the global economy, Wien expects the trend of oversupply in manufacturing capacity to continue, but does not think it will lead to deflation, instead worrying more about inflation. He also discusses the slow growth of the US economy, noting that it is unusual to have an expansion this long without a recession or a proper boom, and that the traditional tools to get out of a recession, such as lowering interest rates and fiscal spending, may not be effective this time.

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Description

Byron Wien, vice chairman of The Blackstone Group, discusses his market outlook and the US presidential election.

Technical Information

File Format: PDF
File Size: 656 KB
Pages: 7
Language: EN
Author: Laurence Siegel
Total Downloads: 187
Last Updated: 1 week ago

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