We Got the Next President's To-Do List on the Economy. It Won't Fit on a Post-It Note.
The next president of the U.S. has a mighty big to do list when it come to the economy, according to a survey of monetary policy experts, economists and Wall Street bigwigs. We joined those experts at their annual retreat, known as Camp Kotok, in Grand Lake Stream, Maine and posed one simple question - what is the number one economic issue the new president must tackle after taking office? The answers were widespread, and showed just how much work needs to get done. 'I think the markets are going to come to expect a large fiscal stimulus program, whether it's Trump, whether it's Clinton,' said Leland Miller, CEO of the strategy firm China Beige Book International. 'The name of the game in the first 100 days will be fiscal stimulus and how big.' A stimulus package could help the current slow growth economy, which one expert blamed on over-regulation. 'Because what we see now is entrepreneurs being stifled,' explained Barry Habib, CEO of MBS Highway, which specializes in analyzing the mortgage market. 'We see businesses having a difficult time growing and hiring upper level people so I think that if we were to be a little bit more business friendly, if we were trying to take entrepreneurship and foster that, we'd be a little better off.' That idea was echoed by Perth Tolle, vice president at Amplify ETFs. 'We need to encourage innovation in investing. I do a lot of work with impact investing and I think there's a lot of healthcare breakthroughs that are not going to continue if we have system that disincentivizes innovation in that or any other industry,' she explained.
