MOODY’S: ANALYZING TRUMP’S ECONOMICS
Larry Summer recently warned the world of the impending economic disaster should Donald Trump be elected president of the United States. Moody’s Analytics have followed up Summer's report with one of their own. In it, they predict an increase in unemployment up to 7%, a stock market crash, and plunging home prices. Chief among Trump’s flawed economic policies are his trade beliefs. He wants to impose high tariffs on goods coming in from Mexico and China, which would make it more expensive for Americans to get goods at the store. Furthermore, it would significantly decrease foreign investment in the United States due to the increased prices.