If the Trumps pragmatic vein may control his time as president have a positive effect on the economy, according to Deutsche Bank, which at the same time sees that his victory is yet another signal that globalisation has peaked.
In German the major banks have Deutsche Bank is the vibes are not as bleak as in some other places; Stefan Kreuzkamp, the CIO of Deutsche Asset Management, is cautiously optimistic.
"Donald Trump’s victory has definitely taken the markets on the bed. We expect an uncertain market in the future. Trumps the unpredictability and lack of political experience are good reasons to look carefully at the next few months," begins Kreuzkamp and continues:
"But, despite this, we do not think investors should worry too much. The constant in Trump’s campaign has been to constantly surprise. It is absolutely possible that he might surprise the markets positively."
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The potentially positive impact on the world economy depends on how pragmatic the Trump choose to act as president, according to the Kreuzkamp.
"We hope Trumps pragmatism, his ability to adapt and his generally limited to political affiliation. There is a chance that he allows the political veterans in congress to push through a pretty classic republican party platform," concludes Kreuzkamp.
Deutsche Bank is also believed that the globalization, time can be past, and that valrörelsem in the united states is one of many signals at this. According to one of the bank’s strategists George Saravelos, will the year 2016 " is likely to be remembered as the beginning of a mega-trend; a peak, and the likely deconstruction of globalization". It writes Business Insider.
The sweeping populism, which resulted in a Brexit in the summer of 2016, and now Trump’s victory in the presidential election, is characterised, among other things of being anti-globalisation, according to Saravelos.
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"the Election process in the united states has been dominated by the resistance to free trade, and immigration. The world’s most historic trading nation, will make its exit from the largest ftz in the world before this decade is over. The political discourse is shifting in the other countries, too," says Saravelos.
"It is difficult not to conclude that the era of globalisation is over," said George Saravelos, strategist at Deutsche Bank.
Deutsche Bank and Kreuzkamp is not the only one who think that Trumps time in the White House will be characterised by pragmatism, in contrast to the wild utspelen he came up with during the campaign.
Jonas Olavi, an analyst at Alfred Berg, chooses to comment on the outcome of the u.s. presidential election by saying that it is up to the markets to act according to the new conditions.
the Time report he will see that the new president may, with both the house of representatives and the senate to carry out its policies in the best possible way. It looks to be the case.
What does Donald Trump as president? What is known is that he is an advocate of higher minimum wages, lower taxes (mainly corporation tax), and an advocate of major infrastructure projects.
Donald Trump’s protectionist comments will not be realized then the united states is in need of cheap labor from Mexico, ” says Jonas Olavi.
"That hagen deport all of the undocumented is probably neither possible nor particularly smart," he says.
What concerns China teach Donald Trump even there to produce a clearer pragmatism than was the case during the election campaign, assesses the Jonas Olavi.
In the monetary policy, the U.S. president does not have much to say. He can potentially replace Janet Yellen, but hardly get the Federal Reserve to allow himself to be swayed by congress or the White house.
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