The dangers of Trump’s immigration crackdown

Author: , Post Date: June 28, 2018

Excerpt from Politico article, The Dangers of Trump’s Immigration Crackdown:


VIEW FROM WALL STREETCumberland Advisors’ David Kotok emails: “The Trump-Navarro confusion worsens daily. Harley is just the tip of iceberg as we shall start to see sequential notices and announcements. Navarro should know he has disturbed cap-ex plans and created a deferral of decision environment.

“We already see it in early discussions with clients and consultants. No intelligent business person would advance a project in the midst of the risk raising rhetoric. Prudence says wait, defer, delay. The benefits of tax bill and repatriation and deregulation are being replaced or muted with higher uncertainty premia and more cost. Navarro has already induced a slowing of growth in H2. If the Trump-Navarro drumbeat continues, they are inviting global growth slowdown and maybe even recession. American policy has become chaotic and unpredictable. A real and shameful disservice to our nation.”


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