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)
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