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Bill Gross: How Populist Sentiment Affected Election

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Bill Gross in an interview with CNBC

On Friday, January 20, 2017, billionaire bond investor Bill Gross of Janus Capital (JNS) discussed his views on the US economy, Donald Trump’s plans, interest rates, and global trade in an interview with CNBC.

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Bill Gross’s view on the US election

According to Bill Gross, the 2016 US (QQQ) (SPY) election was driven by populist sentiment. He believes this concept is getting more attention in the present environment. Many other countries are also (ACWI) being influenced by populist beliefs.

Under a populist approach, politicians aim to get the support of the masses by making promises to meet their perceived needs. For example, Donald Trump professed that the US should “buy American, hire American” during his election campaign.

On Wednesday, January 25, 2017, Trump signed orders to immediately build a wall on the border between the US (VFINX) (IVV) (IWF) and Mexico (EWW). Trump’s economic policy aims to create jobs for Americans. Billionaire investor Ray Dalio also believes that populism is a great market concern.

In the next part of this series, we’ll analyze Bill Gross’s views on US economic growth.

 

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