Not a "dissenter" per se, just a rational human trying to draw connections:
In service positions, I could see a rise in wages attributed to those jobs that might have previously been filled with migrants.
I might see legal immigration also being discouraged, but to be honest that includes tourism from abroad which is shrinking and potentially having a negative impact on the service sector.
The only direct _policy_ link I can see is not a policy but rather a "business friendly" climate that might lead companies to start to invest more, understanding that they probably won't be taxed or regulated more heavily in the next 3 years.
That, plus cheap credit (a big overheat risk IMO) means opportunities for growth.
In terms of actual policy, I'd say not much has happened but rather the economy is now recovering from the housing crisis and growth has picked up again across the board. This was occurring before Trump, and will continue until another systemic issue occurs and people panic I'd imagine.
That said, in my opinion, Presidents rarely have much to do with economic outcomes except to either inject risk / instability with policy initiatives or pronouncements. Some big policies have costs, but most of the day to day impacts are quite spread out. There has been no action yet on health care or taxes that would influence employer direct costs. Perhaps some regulation has not been implemented and some executive orders rolled back, but nothing that would impact markets.
In service positions, I could see a rise in wages attributed to those jobs that might have previously been filled with migrants.
I might see legal immigration also being discouraged, but to be honest that includes tourism from abroad which is shrinking and potentially having a negative impact on the service sector.
The only direct _policy_ link I can see is not a policy but rather a "business friendly" climate that might lead companies to start to invest more, understanding that they probably won't be taxed or regulated more heavily in the next 3 years.
That, plus cheap credit (a big overheat risk IMO) means opportunities for growth.
In terms of actual policy, I'd say not much has happened but rather the economy is now recovering from the housing crisis and growth has picked up again across the board. This was occurring before Trump, and will continue until another systemic issue occurs and people panic I'd imagine.
That said, in my opinion, Presidents rarely have much to do with economic outcomes except to either inject risk / instability with policy initiatives or pronouncements. Some big policies have costs, but most of the day to day impacts are quite spread out. There has been no action yet on health care or taxes that would influence employer direct costs. Perhaps some regulation has not been implemented and some executive orders rolled back, but nothing that would impact markets.