Daily Archives: Mar 17, 2018 at 07:26 am EST

Book Bits | 17 March 2018

Predicting the Markets: A Professional Autobiography
By Edward Yardeni
Q&A with author via Barron’s
Barron’s: Are we heading for a trade war that will derail the markets?
Yardeni: The president is hard to predict, which makes the stock market’s reaction hard to predict. Back in the ’90s, the bond vigilantes disciplined Washington over inflation. Now we see the Dow vigilantes. The stock market is the one poll Trump follows. If it continues to decline, it will make him realize that [imposing tariffs] isn’t a good way to proceed.
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