Donald Trump's anticipated presidency in 2024 sparked excitement among finance professionals who yearned for reduced regulations and a return to less politically correct language. While many expressed optimism about a pro-business environment, others, like Peter Berezin from BCA Research, warned of significant recession risks amidst Trump’s aggressive trade policies. Berezin noted that many financial professionals underestimated Trump's strong anti-import stance, leading to a disconnect between market enthusiasm and potential economic realities. As financial sentiment shifts, the article highlights the conflicting views within the finance community regarding Trump's impact on the economy.
We're stepping into the most pro-growth, pro-business, pro-American administration I've perhaps seen in my adult lifetime, gushed the hedge fund manager Bill Ackman in December.
The prospect of an escalation of the trade war is likely to depress corporate investment while lowering real household disposable income, said a BCA report.
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