Could Streamlining Regulations Benefit Commodities?
Bernie Lo of CNBC Asia welcomes Frank Holmes back to the program to discuss some of the ramifications of President Donald Trump on the U.S. economy. Frank says small business sentiment went up following Trump’s election, which represents a bulk of job creation in America, and he believes this was on the back of the promise to streamline regulations. In fact, Frank explains how sentiment toward regulations is even showing up in transactions throughout the commodity space. Groups like Goldman Sachs, for example, are now bullish on commodities, particularly copper, zinc, oil and gas, and Frank says this all goes back to Trump’s plans to streamline.
The two also discuss airlines and Warren Buffett’s continued investment into the industry that he once famously shunned.
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