Warren Buffetts hero says Trumps growth target would be impossible to achieve

[mobeau69]

Source: CNBC

A hero of Warren Buffett and lifetime Republican has told the BBC that President Donald Trump's plan to grow the U.S. economy by 4 percent a year is probably "not even possible for anybody."

He also said administration rhetoric over regulation was a concern.

"I think reducing regulations is a reasonable thing to do if you do it the right way, but eliminating regulations is some sort of madness."

And highlighting that he himself is the child of an immigrant, Bogle questioned the trade and border policies emanating from the White House.



Read more: http://www.cnbc.com/2017/03/03/warren-buffett-hero--trump-growth-target-impossible-to-achieve.html

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"I think increasing trade barriers is the wrong way to go for business," he said.

"And I'm not making a political statement here, the economics of cutting back on immigration is extremely harmful in the long run for our economy."

[Bernardo de La Paz]

1. Beware the coming Trump Slump. He does not have a clue about economics. He's a fraud. . . nt

[mobeau69]

2. There's gonna be a huge crowd at the door all trying get out at the same time.

Ooch!

[Wounded Bear]

4. I'm expecting a huge correction...

and probably worse. If they dismantle Dodd-Frank, it'll be katie-bar-the-door. This current surge has the smell of a bubble about it, IMNSHO. Without D-F, it would seem that another crash is inevitable.

[elmac]

3. irrational exuberance

or frothy economy is being driven by hopes and dreams, when it comes crashing down, and it will, negative growth will be the new norm.