FUND MANAGER: Trump's take on Reaganomics won't work in America — here's where it will

pulse

March 22, 2017 8:23 PM

Having the right backdrop for policies is really important.

Donald Trump (2nd L) enlists the help of Republican Hindu Coalition Chairman Shalli Kumar (2nd R) and others to light a ceremonial diya lamp before he speaks at a Bollywood-themed charity concert put on by the Republican Hindu Coalition in Edison, New Jersey, U.S. October 15, 2016. R

His latest presentation, given earlier this month at the is worth more than a glance.

It's called "Reagan 2.0: Is it Here?"

In a word: No. Litinksy told attendees that Trumpenomics — a take on the deregulation and tax cutting measures of 1980s Reaganomics — will not significantly jump-start the American economy.

Why? Most simply because similar policies set against a different backdrop produce different outcomes. Reagan's policies, during a time of stagflation, helped to lower the cost of capital in the US.

Litinsky thinks Trump's will do the opposite.

Greg Hoffman contributed to this report.

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