Trump sets up Fed to be the fall guys
Investors expect a recession at some stage next year, ahead of the US presidential election next November. That will be bad news for Trump, leaving him vulnerable on his most exposed flank
Nothing animates the real estate market like interest rates. Most property developers work with borrowed money, and the cost of that borrowing, and the daily fluctuations in their financial exposure, are invariably uppermost in their minds.
Donald Trump is a real estate guy. He borrowed heavily during his years in New York property development.
He is obsessed with “the deal”, so he is especially attuned to the interest rate environment. The trouble is ...
