Nobel dreams of Trump meet with economic reality

On this day and age, getting a cold call at any time can be disarming, but the Norway Finance Minister took the most amazing ring on Oslo streets earlier this month.

According to the Norwegian newspaper Today’s lifeThe cold subscriber was US President Donald Trump, and Norway’s finance minister Jens Stoltenberg was as a US leader could be nominated for the Nobel Peace Prize.

Trump is publicly obvious about his desire to receive a prize, which, according to some, is a driving factor of his efforts to conclude a peaceful transaction for Ukraine and Russia, as well as its emphasis on Israel and gas.

But in June he accepted the truth of the social complain: “No, I will receive the Nobel Peace Prize, no matter what I do, including Russia/Ukraine and Israel/Iran, regardless of these results, but people know, and that’s all that is important to me!”

This week, the focus will be the influence of Trump on the economy, as the Nobel laureates group, which it seems to be hoping to join the annual event in Lindau, Germany.

This can make it uncomfortable listening to the White House, with one of the most famous Nobel Nobel Prize Joseph Stiglitsa say The guardian that “the United States has become, I would say, a terrible place for investing.” The administration’s tariff policy risks calling STAGFlation a step that makes the federal reserve system “clearly concerned,” Stiglitz said earlier this year.

Nobel laureate Roger Mayerson, who is also attending the event in Lindau, is more concerned by American politics, writes in judgment For the hill, that “if large voter groups have convinced that only one party really cares about them, they may not feel the shares in the democracy itself … and support their leader in getting rid of their inconvenient constitutional restrictions.”

Meanwhile, Nobel laureate Simon Johnson also expressed problems about American isolation, say The Nobel Prize podcast is that it is “… destroying human capital and giving great advantage to geopolitical competitors. It is an independent stupid action of Trump administration.”

For President Trump, this is a tough crowd. But he has one unlikely supporter in the Peace Prize application. Former Democratic Competition and First Lady Hillary Clinton Recently said If he is able to end the war between Ukraine and Russia, “without putting Ukraine in a position where it should give way to its territory the aggressor … I would appoint him to the Nobel Peace Prize.”

CNBC will be broadcast live with Nobel laureates from the Lindau meeting on Wednesday and Thursday, tune in to hear their views.