Report
Patrick Artus

United States: An election in the future will inevitably usher in profound changes to wage, tax and social policies

In the United States, changes over time in income distribution, inequality, poverty, social welfare and the education system have been highly negative for the majority of the population. So it is inevitable that in the future (if not in 2020 then later), a president and a congress will be elected on a platform of very different wage, tax and social policies to those conducted today. This will result in particular in faster wage growth and higher inflation in the United States, a fall in share prices, higher interest rates on the dollar and spreading to other currencies, and the risk of a debt crisis in countries with high debt ratios.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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