Fund Titan Rumble: Dalio and Gross Clash Over Donald Trump's Economics

Gross argued that while lower taxes could result in increased spending in the economy, the higher budget deficits that are expected to result from the tax cuts will also push interest rates and prices higher, leading companies to pay more for their goods and investments. That in turn would cut into earnings and price-to-earnings ratios, while Trump's policies on immigration and free trade would limit the economy's growth. It's a one-two economic knockout, according to Gross.