"The world is in trouble, but we're gonna straighten it out. That's what I do, I fix things. When I left the Apprentice, they hired a big, big movie star to take my place, Arnold Schwarzenegger, and we know how that went; the ratings went right down the tubes, it's been a total disaster"
Trump's fantasy mandate to cherry pick the raisins out of the Globalized oatmeal by "making America first" is a house of cards consisting of colliding contradictions. To date, he has managed to piss off half of the entire U.S. - the half that votes Democrat. He has also alienated a significant portion of the traditional Republican constituency. Beyond the U.S., to date, he has alienated all of America's largest trading partners: Canada, China, Mexico, Japan, Germany. In deriding Mexicans he has enraged the entire Latin American community. In deriding Muslims, he has angered the entire Middle East. Europeans in general seem to think he's a mega tool, although he has appeal to neo-Nazis.
“You have a bunch of bad hombres down there,” Trump told Mexican President Enrique Peña Nieto"
“You aren’t doing enough to stop them. I think your military is scared. Our military isn’t, so I just might send them down to take care of it.”
And all of this buffoonery without a cost? Wishful thinking. The tab will arrive far sooner than anyone expects. One of his most blatant and asinine contradictions is his nascent policy of talking down the dollar. Unfortunately he seems to have forgotten his plan to reflate the U.S. economy and cut taxes. All of that rhetoric sent U.S. yields soaring and the dollar with them. Now, of course, that late cycle fantasy is fading quickly amid the reality that pushing through a fiscal policy package could take months or even a year. In the meantime, all of that hot money that flooded into the U.S. in anticipation of a higher yield, is unwinding amid accelerating currency losses.
Trump's promised reflation is imploding into deflation. And he is helping it implode:
Do it, bozo...
"The market this week is dealing with the realization that President Donald Trump means all the things he says. He really is a protectionist, really does think America needs to be protected from the world both economically and physically. He really does make policy without much care or thought to get details right, he really has recruited an honest-to-God terrible team, and it actually is kind of dangerous."
Global interest rates aka. Global TrumpPlosion
I knew Trump would come through, and he has exceeded my wildest expectations...