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Trump policies make US ‘scary place to invest’ and risk stagflation, says Stiglitz (www.theguardian.com)

submitted 3 days ago by MicroWave to c/economics

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Summary

In an interview with the Guardian, Nobel economist Joseph Stiglitz warned that Trump's tariff threats and disregard for contracts have made the US a risky place to invest.

He argued that such policy uncertainty could slow economic growth, trigger stagflation, and push up inflation, as global trade tensions and potential Federal Reserve rate hikes add further risk.

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[–] disguy_ovahea 3 points 2 days ago* (last edited 2 days ago) (1 children)

Oh I’m not referring to money-making opportunities so much as market volatility. Investors flock to gold in times of instability.

[–] anon6789 2 points 2 days ago

Gotcha. I'm used to gold people being a little sketchy. My response is 50/50 money making vs stability, though for the same reasons. I felt it would take something cataclysmic to dethrone the US as the prime market force as a whole in my lifetime, and, well, it seems I may have been right, but I really didn't want to be. If we're due for stagflation or inflation, I need to ramp up my savings and growth, so it's got me looking if now is the time to spread out to ex-US investments. I'm no stock bro, I just got to look out for the future happiness and medical expenses for me and my wife. 😐