Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here.
Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here.

By CCN: The Dow Jones will soar and delay a recession if President Donald Trump wins re-election in 2020. That’s the prediction of Nobel laureate Robert Shiller, an economics professor at Yale University.

This uncharacteristically bullish outlook is surprising because Shiller is a longtime perma-bear who has been predicting a recession for decades. In fact, Shiller’s specialty is spotting financial bubbles, so he’s constantly looking for signs of an impending recession (even when there are none).

Robert Shiller: ‘Trump Is a Pro-Business Candidate’

However, Shiller says Trump’s pro-business policies could buoy the Dow and offset an economic downturn for several more years.

“It’s very clear that Trump is a pro-business candidate,” Shiller told CNBC. “It also seems likely that when Jerome Powell’s term as Fed chairman expires, he’ll bring someone in that he controls more…who can stimulate the economy without worrying.”

“It’s also that Trump is a model for extravagant living and big spending. All these things are boosting of the stock market.”

Previous articleAmazon Rival Rakuten Targets Crypto Adoption with Wallet Registrations
Next articleNetflix Shares Drop After Wall Street Gets It Wrong