Investing Politics: Making Sense of Trump, Tariffs and Tesla! скачать в хорошем качестве

Investing Politics: Making Sense of Trump, Tariffs and Tesla!

In this session, I try to make sense of the chaos engulfing markets, and while the immediate cause may be Trump's tariffs, I argue that what we are seeing unfold in politics and markets in the US and elsewhere is the coming together of two major trends. The first is globalization, an almost unstoppable force that has shifted how businesses and consumers behave over the last four decades, but is not facing a blowback that is largely deserved. The other is disruption, a weapon used by technology firms to alter businesses over the last two decades, but now being used in politics and government. I trace out the likely effects on markets, through interest rates and equity risk premiums, and on companies, where government and politics now become part of company stories (and value). I value Tesla with these cross currents playing out. Slides: https://pages.stern.nyu.edu/~adamodar... Tesla valuation: https://pages.stern.nyu.edu/~adamodar...