This episode of What’s Ahead lays out the economic mistakes the new Administration is making that will hinder future growth—and will spell bad news for the stock market.
For example, the wording of the White House’s Executive Order strengthening Buy American provisions will end up raising manufacturing costs.
The war against the natural gas and oil industry will undermine a huge American asset: cheap and abundant energy. Making gas, heating oil and electricity artificially expensive will harm living standards.
Binge spending and big tax increases will lead to economic stagnation.
The Federal Reserve’s printing mammoth amounts of money will kindle a destructive inflation.
Once vaccines are finally administered, the economy will surge—but the boom will be short-lived.
And stocks will take a hit.