With the election of President Trump, all the crystal ball gazers opined that the economy would witness a "Trump Bump." Well, it hasn't happened. Why not? In two words, "regime uncertainty" is holding back credit and broad money growth, which drive nominal economic growth.
With the election of President Trump, all the crystal ball gazers opined that the economy would witness a "Trump Bump." Well, it hasn't happened. Why not? In two words, "regime uncertainty" is holding back credit and broad money growth, which drive nominal economic growth.
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