Brian Singer, head of dynamic allocation strategy at US-based asset manager William Blair, has said the market's expectations of President-Elect Donald Trump's infrastructure policies are unrealistic.
Although Trump is expected to provide a significant boost to fiscal spending, which Singer (pictured) said will be beneficial for the economy, he noted in practice it will be difficult for him to achieve substantial changes. He said: "The market is too euphoric about what is going to happen with Trump's infrastructure policy. There is nothing 'shovel-ready' out there and an increase in infrastructure spending will take a while to implement. SocGen's Edwards: Trump's fiscal stimulus will not stave off recession "In 2008, President Barack Obama wanted 'shovel-ready' infrastructure an...
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