Tuesday, October 9, 2018

The Trump Effect: MORGAN STANLEY says Belief in 'American exceptionalism' never been higher...


Global investors are seeing how China's economy is slowing down as the United States' is cooking with gas. 
There's reason for that--Trump's economic policies.  
CNBC reports global investors are betting on America's economic success now more than ever, Morgan Stanley's Ruchir Sharma told CNBC on Monday.
"This year has been a story of how well America has done," he said on "Squawk Box," calling it an example of "American exceptionalism."
"We may or may not believe in [American exceptionalism], but the financial markets have never believed in it to such an extent," added Sharma, head of emerging markets and chief global strategist at Morgan Stanley Investment Management. The global firm has $474 billion in assets under management, as of June 30, 2018.

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Interest rate gaps between US and China have disappeared, says Morgan Stanley's Sharma from CNBC.