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Palgrave Macmillan

Investing in the Trump Era

How Economic Policies Impact Financial Markets

  • Book
  • © 2018

Overview

Authors:
  1. Nicholas P. Sargen

    1. Fort Washington Investment Advisors, Cincinnati, OH, USA

    View author publications

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  • Provides an objective and synthesized source for investors to learn about economic policy issues that surfaced in the 2016 U.S. presidential election
  • Explains how issues like the federal budget deficit, healthcare reform, and tax reform have evolved and considers arguments from both sides of the political divide
  • Draws upon evidence from studies by experts in the respective areas

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xix
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  2. Financial Markets and Long-Term Growth

    1. Front Matter

      Pages 1-1
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    2. Is Trump’s Election a Game-Changer?

      • Nicholas P. Sargen
      Pages 3-13

    3. Challenges to Restoring Long-Term Economic Growth

      • Nicholas P. Sargen
      Pages 15-27

  3. Fiscal and Regulatory Policies to Promote Growth

    1. Front Matter

      Pages 29-29
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    2. Assessing the US Fiscal Imbalance: Why It Matters

      • Nicholas P. Sargen
      Pages 31-41

    3. What Makes Healthcare Reform So Complex: A Primer

      • Nicholas P. Sargen
      Pages 43-57

    4. Tax Policy: Tax Cuts Versus Tax Reform

      • Nicholas P. Sargen
      Pages 59-76

    5. Macroeconomic Effects of Deregulation

      • Nicholas P. Sargen
      Pages 77-91

  4. Monetary, Exchange Rate and Trade Policies

    1. Front Matter

      Pages 93-93
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    2. Changes in US Monetary Policy: Past and Prospective

      • Nicholas P. Sargen
      Pages 95-106

    3. Trade Imbalances and Jobs: A Macro Perspective

      • Nicholas P. Sargen
      Pages 107-119

  5. Globalization and Financial Markets

    1. Front Matter

      Pages 121-121
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    2. Globalization and Widening Income Inequality

      • Nicholas P. Sargen
      Pages 123-135

    3. Economic and Market Prospects for the Medium Term

      • Nicholas P. Sargen
      Pages 137-148

  6. Back Matter

    Pages 149-156
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Keywords

About this book

In the wake of the 2016 U.S. presidential election, investors and the electorate alike are seeking clarity on a wide range of macro policy issues that will impact the economy and markets in the years ahead. The primary goal of this book is to provide an objective source for investors to learn about economic policy issues that surfaced. Topics include long-term growth, the federal budget deficit, healthcare reform, tax reform, regulatory policies affecting the financial system and environment, the nexus of monetary, exchange rate and trade policies, and globalization.  The book explains how these issues have evolved, considers arguments from both sides of the political divide, and draws upon evidence from studies by experts in the respective areas.  A related goal is to assess the likely impact of economic policies on financial markets.  While the presidential election was close, the markets’ response was decisive:  U.S. and global equity markets went on a tear as consumer and business confidence soared.  This surprised many investors who believed a Trump victory would be bad for financial markets.  It also caused many to question whether expectations embedded in markets were too optimistic. Sargen’s assessment is presented in the opening and concluding chapters. 

Reviews

“A slim volume packed with masses of valuable business insight and data: how economic policies impact financial markets is at the core of the book with the focus on US President Donald Trump and his administration.” (Nick McBreen, Finiancial Adviser, FTadviser.com, March, 2019)​

Authors and Affiliations

  • Fort Washington Investment Advisors, Cincinnati, OH, USA

    Nicholas P. Sargen

About the author

Nicholas P. Sargen is an international economist turned global money manager.  He has been involved in international financial markets since the early 1970s, when he began his career at the U.S. Treasury and the Federal Reserve.  He subsequently worked on Wall Street for 25 years, holding senior positions with Morgan Guaranty Trust, Salomon Brothers Inc., Prudential Insurance and J.P. Morgan Private Bank.  In 2003 he became Chief Investment Officer for the Western & Southern Financial Group and its affiliate, Fort Washington Investment Advisors Inc, where he now serves as Chief Economist. 

Sargen has written extensively on international financial markets, and he currently produces a blog Focus: Separate News from Noise on his website, where his views are updated. He appeared frequently on business television programs throughout his career on Wall Street, and was a regular panelist on Louis Rukeyser’s Wall Street Week.  He was born and raised in theSan Francisco Bay Area, and received a PhD in Economics from Stanford University. 

Bibliographic Information

  • Book Title: Investing in the Trump Era

  • Book Subtitle: How Economic Policies Impact Financial Markets

  • Authors: Nicholas P. Sargen

  • DOI: https://doi.org/10.1007/978-3-319-76045-2

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018

  • Hardcover ISBN: 978-3-319-76044-5Published: 05 July 2018

  • Softcover ISBN: 978-3-030-09389-1Published: 15 January 2019

  • eBook ISBN: 978-3-319-76045-2Published: 20 June 2018

  • Edition Number: 1

  • Number of Pages: XIX, 156

  • Number of Illustrations: 41 b/w illustrations

  • Topics: Investments and Securities, Macroeconomics/Monetary Economics//Financial Economics, Capital Markets

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