Trump’s $21 Trillion Investment Boom Is Actually Short Trillions
President Donald Trump often proclaims that he’s brought the US a historic investment boom, drawing pledges he says will reach $21 trillion by the end of the year from governments...
By Bloomberg · Bloomberg
President Donald Trump often proclaims that he’s brought the US a historic investment boom, drawing pledges he says will reach $21 trillion by the end of the year from governments and companies eager to win his favor. If his estimate is right, the US is facing a wave of capital worth almost 70% of its annual economic output. Even spread over four years, Trump’s claim would represent the largest capital-spending explosion in post-war US history. It would also outstrip the New Deal and the nineteenth century railroad-building boom. Bloomberg's Shawn Donnan joins Bloomberg Intelligence to discuss. (Source: Bloomberg)