Markets & EconomyMortgage

3 political factors that will continue to influence the economy

What to expect from the new administration in 2017 now that light is being shed
  • Trump's new leadership team (like any other politician's) includes three groups: nuts and cronies, obligatory postings to please the constituent base, and the adults.
  • The economic focus is now clear: The new administration will be of business, by business and for business.
  • Markets will care about order and disorder, including that caused by the country's leader's social media activity.

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Markets were quiet at the end of last week, economic reports scarce, the bond market stable for the first week since the election. We will get a ton of data the week after the New Year. Now 24 days to I-Day, the oath of office, “Mr. President” and all of that. Despite apparent market calm, and quiet among politicians, Mr. Trump every day adds tension to the springs and cables of markets and government. His intended appointments and words have made paramount three areas: his choice of leadership team, their economic intent and Trump’s personal warbling. The new leadership team The new leadership team falls into the same three categories of all new administrations: nuts and cronies, obligatory postings to please the constituent base, and the adults. I may be alone, and possibly should be, but I don’t much care about potential conflicts of interest. These people will be responsible for so much money (federal spending in 2016: $4 trillion) that any personal nest-feather...