The top finance and economy stories of 2016
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From the Wells Fargo scandal to the Brexit vote and Donald TrumpDonald John TrumpTrump anti-reg push likely to end up in court Biden set to make risky economic argument against Trump Hillicon Valley: Tech companies lead way on WFH forever | States and counties plead for cybersecurity assistance | Trump weighing anti-conservative bias panel MORE’s jobs deals to the post-election stock market rally, 2016 was quite a year for the markets and the economy. Here are The Hill’s Top 8 Contributors posts about finance and the economy.

 

Irrational investors are fueling the Trump stock market rally

By David Louton, Dec. 13, 2016

"Ordinarily the stock market hates uncertainty almost more than actual bad news, but in a reality where nothing is what it claims to be and mutually exclusive choices can exist comfortably side by side, it is easy to be seduced into believing that all important policy choices will be resolved in the most economically optimal ways."

 

Trump's attempts to pick industry winners and losers will ultimately fail

By Michael J. Douma, Dec. 8, 2016

"Unless Trump can implement policy that sets consistent expectations, or is established in law so that it treats all companies the same, his attempts to reward and punish companies on personal whim will only contribute to the erosion of justice in the market and a further loss of faith in government, if such is indeed possible."

 

Wells Fargo must act now to restore customer confidence

By Bert Ely, Dec. 28, 2016

"Wells’ management has only itself to blame for the wide-scale unauthorized opening of customer accounts. Now it must move expeditiously in cleaning up this mess, without hassling its customers, if it is to regain its status and reputation as one of the nation’s premier consumer banks. Whether Wells’ management is up to that task is still an open question."

 

The future of Wall Street regulation is tied to Trump's choices

By Justin Schardin, Dec. 14, 2016

"Amid the uncertainty of timing, Trump’s appointments will have a major impact on the future of the post-crisis financial regulatory structure. Trump should carefully select highly qualified people for these posts, and the Senate should thoroughly review and expeditiously decide whether or not to confirm."

 

Liftoff! Fed fulfills market expectations with rate hike

By Michael Gapen, Dec. 14, 2016

"It is fair to say that the current level of interest rates is supportive of economic activity, but not restrictive, and reflects the Federal Reserve’s view that less monetary policy support is needed when the unemployment rate is 4.6 percent and the Fed’s preferred measure of inflation is 1.5 percent, only modestly below its 2.0 percent objective. The punch bowl remains on the table, but there is a little less punch left."

 

After Brexit, tale of a currency crisis foretold

By Desmond Lachman, July 7, 2016

"In the months ahead, the overriding priority of U.K. policymakers should be to come to an early understanding with the U.K.'s European partners on the country's future relationship with Europe with a view toward minimizing investor uncertainty. Such an approach would not only be in the U.K.'s own economic interest, but it would also be in the interest of the rest of the global economy."

 

Trump must seek 'win-win' trade policy with China

By Charles J. Skuba, Dec. 5, 2016

"While we still don’t know the new president’s overall China policy, talk of a 35 to 45 percent tariff on Chinese goods, labeling China as a currency manipulator, and taking a phone call from Taiwan’s president are all bold signals. Should we be worried about a U.S.-China trade conflict?"

 

The private equity takeover of America’s neighborhoods

By Kevin Borden and Jonathan Westin, Dec. 21, 2016

"Across the country, millions of Americans are living in the middle of an affordable housing crunch that has only gotten worse since the financial collapse of 2008 ... Culturally these families may not have a lot in common, and traditionally they may not have worked together on common political targets. But they now shared a common enemy: their private equity landlord."


The views of Contributors are their own and are not the views of The Hill.