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Stock impact report

The 'Nixon Shock' Might Help Us Make Sense Of The Trump One [zero hedge]

Marsh & McLennan Companies, Inc. (MMC) 
Last marsh & mclennan companies, inc. earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: marsh.com
Company Research Source: zero hedge
The 'Nixon Shock' Might Help Us Make Sense Of The Trump One Submitted by Huw van Steenis via the Financial Times , The author is vice-chair at Oliver Wyman and former global head of banks and diversified financials research at Morgan Stanley What will the longer-term financial consequences of Trump’s tariffs be? We may be in a 90-day pause but the question remains urgent. A look back at Richard Nixon’s experience in 1971 could help investors understand what might happen next. President Richard Nixon addresses Congress to explain his new economic policy in 1971 © AP Certainly recent events share some hallmarks with the “Nixon shock”, which occurred when the then president took the dollar off the gold standard, implemented a 10 per cent import tariff and introduced temporary price controls . This de-anchoring of the regime resulted in a period of global economic instability and uncertainty. It not only caused a loss in business confidence but led to stagflation. Nixon’s price and wage c Show less Read more
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