The third GOP presidential debate will be focused on the economy, but don’t expect too many details from the candidates. ‘We’ll probably get a lot more rhetoric,’ said David Nelson, chief strategist at the Greenwich, Conn.-based Belpointe Asset Management. ‘None of the candidates on either side of the aisle [have devised a broad economic plan] and we’re getting a lot of sound bites.’ Nelson thinks front-runner Donald Trump will stress his negotiation skills and tout an ability to form better trade deals with other countries. having decades of experience building a multi-billion dollar net worth and real estate empire. ‘He’s talked badly about the North American Free Trade Agreement (NAFTA) and I’m sure he’s going to talk about [the recently formed] Trans Pacific Partnership (TPP) and how he could have cut a better deal,’ Nelson added. Trump has also claimed his tax plan could lift economic growth to 6 percent, a large step up from the 3.9 percent the economy grew during second quarter. Yet, Trump has a harsh stance on immigration, a pro-growth policy, saying he would deport 11 million illegal immigrants. ‘6 percent growth is a pipe dream,’ said Ian Winer, head of equity trading at Los Angeles, Calif.-based Wedbush Securities. ‘Even if Superman were president, I’m not sure we’d get to 6 percent growth.’ TheStreet’s Scott Gamm reports from New York.
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