In a new attempt to stimulate the American economy; US President Donald Trump was in favor of abolishing decades of practice according to which the listed companies publish their financial results every quarter.

Such a move would constitute a radical change aimed at tackling the short -term mentality that dominates the boards, which focus mainly on investor satisfaction. However, it would at the same time mean significantly limited and less timely information on the course of the business world and the real economy, as Wall Street’s “hawks” would even be satisfied with daily references.

In a post on Truth Social Monday morning, Trump argued that the companies “should no longer be obliged to report on a quarterly basis“, But instead publish financial results every six months.

‘This will save money and allow managers to focus on the correct operation of their companies“, He noted. ‘Have you ever heard the phrase that China has a 50 to 100 -year horizon in the management of a company, while we operate on a quarterly basis ??? Evil!!!!‘

The criticism of the short -term mentality has been formulated in the past, among other things by the JPMorgan Chase CEO Jamie Dimon and the famous investor Warren Buffett. Correspondingly, Hillary ClintonTrump’s opponent in the 2016 elections, had stated then “particularly anxious for trimester capitalism“

The concern is mainly about the fact that US companies are overly focusing on the satisfaction of volatile markets, neglecting long -term challenges and opportunities. At the same time, some argue that the regulatory burdens of the quarterly report have contributed to a dramatic reduction in the number of listed companies in the US.

Trump stressed that the transition to six -month references would depend on “SEC approval”, referring to the regulatory authority that will have the final reason.

According to Wall Street Journallong -term stock market (Long-Term Stock Exchange), which is supported by investors such as Andreessen Horowitz and the Founders Fund, plans to soon apply to SEC to abolish compulsory quarterly results, proposing a six-month cycle. ‘We constantly hear that it is too heavy to be a company listed“Stock Executive Officer Bill Harts said. ‘We believe that the time has come for this idea“

As early as 2018, Trump had invited the sec to examine the transition to a six -month system, to “offers greater flexibility and cost savings“

However, investors, economists and policy makers are based on timely updates provided by quarterly results. Airline reports give clear indications of travel demand, banks are recording in a timely manner, while technology companies provide critical data on the development of artificial intelligence.

The transition to six -month references could delay this information and lead to more intense fluctuations in the shares in times of change of economy and market.