Listening to some corporate bond experts gave me another reason to be (economically) cheerful. These bonds are one of the ways big companies can raise money, lend us a few £m, we’ll pay you interest (hopefully) and pay you back in a few years (hopefully). Apparently, the likes of LiveNation, who sell concert and festival tickets and other leisure firms and pub owners had no trouble raising cash last year. So most who should know think they’ll bounce back with a vengeance. Although an economist did once say that “the only function of economic forecasting is to make astrology look respectable”
“Donald Trump is winning. Business, beware”
There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a business man himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it?
