Best Blogs of the Week #251
Favorite post of the week covers reflation (Act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy back up to the long-term trend, following a dip in the business cycle. It is the opposite of disinflation, which seeks to return the economy back down to the long-term trend.) . Less than two weeks since the election and most industry blog posts continue to describe potential changes and situations across regions and asset classes. I tend to like posts with a clear viewpoint on 1 – 2 issues.
BlackRock – Welcome to the new world of reflation – Besides the impact of aggressive fiscal stimulus that President-elect Trump has proposed, inflation expectations are rising on the back of fundamental developments that preceded the election.
BlackRock – What a Trump presidency could mean for bond markets long term – We see a potential headwind for municipal bonds.
Franklin Templeton – A Fresh Look at DOL and Retirement Issues Under Trump – Trump has a very limited, if any, agenda on retirement issues that we can determine. His advisors have been quoted as calling for the repeal of the DOL fiduciary rule, but his populist rhetoric has been largely adversarial toward Wall Street.
Wells Fargo – The investment landscape after the election – After a brief hiccup, I think the market has it right: Trump will be pro-growth. This should be good for stocks and not good for high-quality bonds.