Nov 9, 2016
Aza Wee Sile
Australia's ASX and Japan's Nikkei soared in early trade, as traders digested the prospect of a U.S. President Donald Trump.
The Washington Post | Wonkblog - November 9, 2016: How Trump Won: The Revenge Of Working-Class Whites
the past 40 years, America's economy has raked blue-collar white
men over the coals. It whittled their paychecks. It devalued the type of
work they did best. It shuttered factories and mines and shops in their
communities. New industries sprouted in cities where they didn't live,
powered by workers with college degrees they didn't hold.
NYT | The Upshot | Fiscal Policy - November 9, 2016: The Trump Administration Could Test Whether Deficits Help The Economy, by Neil Irwin
Here’s a surprising conclusion you reach when you start to game out what economic policy will look like in Donald J. Trump’s administration: While many details of his policy agenda are likely to be staunchly opposed by the left, Mr. Trump appears likely to enact a fun-house mirror version of what many liberal economists have advocated for years: Keynesian fiscal stimulus.
Spot Prices as of traditional New York closing times
Wednesday, November 09, 2016
Wall Street Closing Report on November 9, 2016: Dow Closes Up 250 Points; Financials Surge After Trump Election Upset
Fred Imbert, Evelyn Cheng
European Markets Closing Report on November 9, 2016: European Shares End Sharply Higher; Dax Up 1.5%; Trump Win In Focus
Silvia Amaro, Sam Meredith
European stocks ended sharply higher on Wednesday, after starting the session with significant losses, as investors digested Donald Trump's win in the U.S. presidential race.
What will Trump's election mean for the monetary metals?
GoldSeek has compiled comments about the possible impact on the monetary metals of Donald J. Trump's apparent election as president. Quoted are Gold Newsletter editor Brien Lundin, GATA Chairman Bill Murphy, Andy Franklin of the Miles Franklin bullion shop, and your secretary-treasurer. The comments are posted at GoldSeek here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Asian Markets Closing Report on November 9, 2016: Nikkei Drops More Than 5%, Gold Rallies as U.S. Poll Results Eyed
Aza Wee Sile
Asian stock markets tumbled and investors scrambled into assets perceived to be safe on nervousness over the outcome of the U.S. presidential election.