Fri, 19 May 2017
Today we meet Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services. Frances and Jason Hartman take a look into consumer, investor, and executive sentiment numbers around the housing and job markets. They also investigate what's behind the stock market resurgence, and how much we might be able to attribute to Trump's policy initiatives.
[1:12] Investor sentiment gives a positive outlook for the US economy
[3:54] Is Trump the cause of the economic forecast?
[5:11] Rising interest rates present a challenge for the housing market
[8:12] Trump is inspiring confidence in companies all across the country
[9:53] Real estate investment is a small part of the total economy
[14:30] There are two true drivers of rental housing
[17:02] The housing and rental markets are not currently in their natural order
[20:41] The importance of demographics in relation to wage growth
There are fewer multipliers to growth from a rental market than there are from a housing market.