Janus' Gross says Trump will be one-termer, in failure for populism

[HAB911]

President-elect Donald Trump will last no more than four years in the White House, a period when corporations and Wall Street will retain the upper hand over the struggling workers who helped elect him in a populist wave, bond manager Bill Gross of Janus Capital said on Wednesday.

In his monthly investment outlook, "Populism Takes a Wrong Turn," Gross also said "there is no new Trump bull market in the offing," and that global diversified investors should be "satisfied" with 3 percent to 5 percent annual returns.

"The Trumpian Fox has entered the Populist Henhouse, not so much by stealth but as a result of Middle America's misinterpretation of what will make America great again," Gross wrote.

"Trump's tenure will be a short four years but is likely to be a damaging one for jobless and low-wage American voters," Gross added. "I write in amazed, almost amused bewilderment at what American voters have done to themselves."

http://www.cnbc.com/2016/11/16/janus-gross-says-trump-will-be-one-termer-in-failure-for-populism.html

[vlyons]

1. No shit, Sherlock!

Trump is already sowing the seeds of his own failure. He doesn't give a rat's ass about working people. His administration will be remembered chiefly for hatred and incompetence. He will piss off his T-party supporters by breaking many, if not all, of his campaign promises. He will energize progressives like nothing else since the war in Vietnam.

[HAB911]

2. Honestly, I will be surprised if he lasts four years.......

the problem with that is Pence might be worse, if that's even possible

[Yonnie3]

3. This is my worry too.

Perhaps I'm delusional, but I think that Trump's management style will make it difficult to get things done. He will have trouble working and playing well with others. Pence on the other hand knows the system and has a rigorous view of things.

[edhopper]

4. Hoover was a one termer too

The damage will be done.