[SEKYFAN]

I just watched Allan Lichtman's meltdown following Trump's win. He missed his prediction so badly, maybe the media will stop treating his predictions seriously. I mean, is picking 9 of 11 elections that great? He thinks he is 10 for 11 because he claims Gore was robbed. 

Dr. Lichtman is grieving because he thinks young people are facing a dismal future because Trump won.

Economists and investors believe Trump’s policies will be inflationary because tax cuts will likely force the federal government to issue more debt, Sturtevant noted. If that happens, the government will have to pay more to attract investors. His promises to enact tariffs on imported goods will also increase prices.

Young people likely are facing not what I would call a dismal future, but a difficult one financially if the Federal deficit continues to grow.  We may need someone with fiscal beliefs like Rand Paul to fix it, although time may be running out.

One day after Donald Trump’s election victory, investors sent bond yields sharply higher. The “Trump trade” is likely to keep rates for home loans rising, despite the Federal Reserve's Thursday rate cut, experts say.

Rates aren’t likely to reverse course any time soon, said Bright MLS Chief Economist Lisa Sturtevant in emailed comments.

“Trump’s fiscal policies can be expected to lead to rising and more unpredictable mortgage rates through the end of this year and into 2025,” she said. “Bond yields are rising because investors expect Trump’s proposed fiscal policies to widen the federal deficit and reverse progress on inflation.”