Trump’s comeback? Singapore’s Temasek warns US election win could rock global markets
Sipahimalani said this outlook contrasts with a scenario under Trump’s Democratic rival, Kamala Harris, where emerging markets might see better prospects. — Reuters pic
Tuesday, 29 Oct 2024 4:05 PM MYT
SINGAPORE, Oct 29 — Temasek International’s Chief Investment Officer Rohit Sipahimalani has issued a cautionary view on the impact of a Donald Trump victory in the upcoming US presidential election.
He suggested that a second White House for Trump may not be as favourable for the global economy and financial markets as commonly believed.
Speaking in an interview with Bloomberg Television, Sipahimalani said, “The conventional wisdom is that a Trump presidency is better for markets,” highlighting expectations of lower taxes and greater deregulation.
However, he added, “as you look out to 2025, the picture is not that clear.”
Sipahimalani went on to say that a Trump administration could lead to slower global growth, which would directly affect US-listed companies, particularly those on the S&P 500, where about a quarter of revenues come from outside the US.
He warned that such a slowdown would have a ripple effect across the globe, potentially dampening overall economic momentum.
This outlook contrasts with a scenario under Trump’s Democratic rival, Kamala Harris, where emerging markets might see better prospects.
Further underlining his concerns, Sipahimalani predicted that a Trump win would likely bring a stronger dollar and higher interest rates than what would be expected under a Harris administration.
Such conditions, he argued, could unsettle investors and elevate risks in the markets.
“The tariffs are going to create uncertainty, which is never good for investment,” Sipahimalani noted, adding that this would be “negative not just for emerging markets but across the world” and ultimately lead to slower growth.
The Singaporean investment firm Temasek, one of the largest state-owned investors with a portfolio of S$389 billion (RM1.28 trillion), has recently increased its focus on US investments, announcing plans to deploy US$30 billion in the US over the next five years.
Despite this pivot, Sipahimalani foresees heightened volatility in 2025, suggesting that markets may become “choppier” than they have been in recent years.
He also warned of underestimated “tail risks,” referring to low-probability but high-impact events that could disrupt the stability investors have grown accustomed to.
One aspect that will be observing, although probably not in my and probably not your lifetime to fully appreciate is, no income tax situation.
ReplyDeleteDJT had started by saying no tax on tips, then and thereafter, using the same tactic by the enemy, salami slicing tax to push the boundary which the American mind had been chattering for a long while already, under konspirasi teori label, of abolishing income tax in America.
I think it was Burning Bright that had written his observation on this income tax thing a few days ago which I believed I had appended into one the post for your awareness, which culminate with the ultimate question, in joe rogan or in patrick ben david podcast about his position on it.
Let's see what'll happen...
Wow.... S$389 billion can buy JOHOR STATE, SABAH, SARAWAK and SAY GO TO HELL MALU SIAL...HUTANG $2 TRILLION RINGGIT.... STILL SCUMBAGS FROM UMNO AND EX UMNO NOW PAS WALK FREE WITH CORRUPTION FOR 60 YEARS.....NO HOPE TO PROGRESS...BUT TO END TOL AND AP FOR CARS...... BUILD HOSPITAL....THOSE RELATED TO THE FACIST RELIGION STOP THE FUNDING FROM HARAM $$$$$ USE YOUR BLOODY ZAKA......T
ReplyDeleteEt tu Wikipedia? ;-)
ReplyDeletehttps://t.me/professor_patriot_official/27625
https://t.me/AshBrierley17/29675
This election is becoming a comedy panic.
Just check the most recent share price of Trump Media & Technology Group Corp
ReplyDeleteNASDAQ: DJT.
It has rocketed & hit multiple ceiling halts in the last two trading days.
Many share punters r betting on Trump's returning to the Whitehouse after the November presidential election.
Win or lose, there will be financial bloodbaths in the Yankee share market!
https://t.me/bioclandestine/4093
ReplyDeleteBiden just gift-wrapped the election and laid it at Trump’s feet.
Any momentum or optics Kamala was hoping to gain on her big night, was just squandered by Biden calling Trump supporters “garbage”.
Biden just supplied Trump with unlimited ammunition for the final stretch. Not only did he ruin the Dems’ big narrative shift with Kamala’s speech on the Ellipse, he just gave Trump the rallying cry to solidify his support in the final stages of the election.
Absolutely catastrophic mistake from Biden, and now the Dems/MSM are already going into damage control and trying to rewrite what Biden said. It won’t work so long as we have X.
Biden just dealt a crippling blow to the Dems, with minimal time to recover. He is our greatest weapon! 😂
Steve Bannon is not known as the honey badger for nothing, grizzly and his bite holds...
ReplyDelete~~~~~
https://open.substack.com/pub/badlands/p/badlands-news-brief-914?utm_source=share&utm_medium=android&r=27ocwo
...
I love how Bannon is telling stories from prison of hanging out with minorities—including Muslims—and getting to know them, and their trials and tribulations. Take a listen to what he says here about the "politics of money," the Great Awakening, and the uniting of the tribes.
And please note his direct quote: "... politics is nothing more than professional wrestling."
...