Do the measures hypothesized by the new US president risk causing inflation to rise again?
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Immediately after Trump’s election, the net worth of the ten richest people in the world increased visibly. That of Elon Musk grew by $26.5 billion to $290 billion. The richness of Jeff Bezos it increased by 7.1 billion, after having forced the Washington Post, the historic newspaper it owns, not to support the Democratic candidate Kamala Harris.
Larry Ellisonanother Trump supporter, saw his wealth grow by $5.5 billion. Other winners include Bill Gates, Warren Buffett, Larry Page e Sergey Brin.
Some Wall Street experts, however, warn that the enthusiasm for Trump may not fully pay off, especially because many measures of the re-elected president (see import duties) they could restart inflation and further worsen the public debt situation.
In short, after the high-sounding proclamations and promises of the electoral campaign, too the new occupant of the White House will have to deal with reality: the economic situation and the possible reactions of other countries, including European allies, could force him to review his agenda and disappoint some expectations.
Source
edition.cnn.com/2024/11/07/investing/billionaires-net-worth-trump-win
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