Today president Trump both praised and blamed himself for the strong dollar. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me,” said Trump
During the presidential campaign, Trump blamed Yellen for holding interest rates too low. Now he says he likes low interest rates and that he respects Yellen.
The Wall Street Journal has some of the laughable details in its report Trump Says Dollar ‘Getting Too Strong,’ Won’t Label China a Currency Manipulator.
- “I do like a low-interest rate policy, I must be honest with you,” said Trump.
- “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting—that will hurt ultimately.”
- “Look, there’s some very good things about a strong dollar, but usually speaking the best thing about it is that it sounds good.”
- “They’re not currency manipulators,” said Trump in regards to China.
- “I like her, I respect her,” said Trump regarding Fed Chair Janet Yellen.
- Mr. Trump also made a full reversal from the campaign by stating his support for the U.S. Export-Import Bank. The president said he planned to fill two vacancies on the bank’s board, which has been effectively paralyzed with three open seats on its five-member board.
Reflections on Currency Manipulation
“Number 5: I’m going to instruct my treasury secretary to label China a currency manipulator, which should have been done years ago.”
Reflections on Yellen and Interest Rates
A CNBC Transcript from September 12, 2016, shows Trump made these claims about interest rates and Janet Yellen:
“The interest rates are kept down by President Obama. I have no doubt that’s the reason they are being kept down…. It’s staying at zero because she [Yellen] is obviously political and doing what Obama wants her to do. And I know that’s not supposed to be the way it is, because that’s why it’s low and as soon as they go low the stock market will go way down, and don’t forget, I called Brexit and did a lot of calling and what they are doing is, I believe it’s a false market. Money is essentially free.”
Is that coherent?
Reflection on the US Dollar
Reflections on Honesty
“I Must be honest with you,” said Trump.
Mike “Mish” Shedlock
Trump turned out to be as much an establishment puppet as Hillary. Well that’ll learn me.
Trump has been Deep Stated, and hopes for the slayer of Hillary’s presidential aspirations were way too high and unrealistic. Thus, disappointment was inevitable. But Hillary would have been Much Worse. Don’t be Delusional.
That seems a fair summary to me.
We had to choose between a career criminal Hillary and a closet liberal Trump. It will continue to work this way until we get rid of the liberal source of power which is control over a fake and dishonest money supply.
He may of turned out to be an establishment puppet, but you didnt know that!
You did what you could NOT to vote in a war criminal and shill, you may of been lied to yet again, but at least you willing to oppose these fucks at every opportunity.
My sentiments exactly, matt. The one that REALLY drives me crazy is his flip-flop on interest rates. Remind me again how many YEARS those on fixed income have been getting it in the shorts over interest rate jawboning by the FED? Embarrassing!
This is nothing more than a person campaigning from the outside, then facing the realities from the inside. America needs China’s help with North Korea. America and China are trying to come to some type long term agreement.
Trump should be cautious about taking credit for the stock market and strong dollar because he will get tied to both when they go down. People need to ignore what he says and look at what he does.
Trump is starting to realize what a complete cluster f#ck Obama made of the federal government. Its bankrupt, it can’t materially raise taxes, it can’t pay its debts, more debt might be issued (really monetized by the Fed) but it isn’t going to spark any growth.
All those years, certain conservative groups tried to “starve the beast” — to cut taxes in order to starve the federal government…. turns out Obama has turned the gluttonous beast into a monster that can’t (is not able to) get the food required to maintain itself.
I get the impression Trump didn’t appreciate just how screwed up, financially speaking, Washington DC is. Corruption runs deep. Denial runs deep. The bureaucrats don’t live by the same laws as the rest of the country, and have no idea what is going on outside their little fiefdoms.
The so-called leaders have insulated themselves from reality just like Soviet politburo members; how can Pelosi or Ryan understand what the average American is going through?
That guy beat up on the United Airlines flight by Chicago airport police had to suffer through incompetent TSA groping and fondling, followed by UAL harrasment and then violent physical assault…. Ryan and Pelosi fly on government jets, paid for by taxpayers, and get state security escorts in armored vehicles to and from the airbase. How can these losers even pretend to know what its like to fly on an airline?
Trump may have thought a harsh reality check in elections would jar the privileged royalty out of their daydreaming… but McCain is still flying on a taxpayer funded USAF Gulfstream jet to Europe to start wars. Do the people of Arizona (whom McCain pretends to represent) get private jets to go start trouble?
Does Paul Ryan have any f-king clue how much Obamacare costs, considering he is exempt? How can that corrupt crook stand there and claim to represent Wisconsin much less the rest of the country?
Pelosi jammed Obamacare down everyone’s throats, but quickly exempted herself. Does she actually believe the trash coming out of her own mouth?
I don’t think Trump understood just how corrupt, bankrupt, and disconnected from reality Washington DC really is. But after some shell shock (that he is going through now), I wonder if his oversized ego can tolerate an embarrassing loss after 4 years of chaos. He will have to do something for the people who elected him (drain the swamp, etc) — or he will return to NYC with his tail between his legs and a massive failure as his swan song. I doubt his ego will accept that
LBJ’s guns and butter idiocy (Viet Nam War and Great Society), put the USA into currency (conversion) default, forcing LBJ’s successor (Nixon) to close the gold window and go pure fiat currency. Bush II erased the temporary Clinton deficit gains adding social spending and putting the Surveillance State on Steroids to collect every phone conversation and email sent. Obama just piled onto the LBJ/Bush II trendline. Thus, GOP and Dems both at fault. Romney and McCain would have done same as Obama, with more war spending.
Exactly. Very well stated.
Agree it is a bi-partisan mess… but Obama somehow managed to out-stupid the others, plus Obama’s hatred for all things America. Screw him.
I think Trump was expecting the usual LBJ / Bush II level of incompetence, and he didn’t understand just what a disaster Obama is
At some point you need to stop blaming Obama and own the fact Trump con you and the rest of his supporters. I know is hard to admit that you have been taken but admitting is the first step to recovery.
its been more than 8yrs and you still haven’t admitted that Obama hustled you.
PS — learn to speak and write English you poorly educated dumb -ss
Most of these sad right wingers will never be able to admit how naive they were. It undercuts their entire self-image as “realists.” Now they have to look for a scapegoat… let’s see, it must be Obama’s fault, or the “deep state”, or Ukraine, or whatever pathetic excuse they dream up next to avoid facing responsibility for their own naivety.
President X always outstupids President X-1. It’s an unbreakable law of all totalitarian states. It lasts until the whole shebang is sacked. Most often from the outside.
Actually the decay and collapse comes from within. It’s like root rot on a tree. The cause is the enemy from within, and the enemies from without are just more visible to us bystanders. It should be pretty obvious, albeit EXTREMELY depressing, to see how this is going to end. Although I don’t think the entire country will crash and burn…there was a Holy Roman Empire that survived 800 more years while the West welcomed the Dark Ages. I can easily envision a West Coast and Northeast Dark Age.
Most often, the final dagger does need to come from the outside. There have been exceptions (most recently Somalia, but those dudes do seem to be cut from a slightly different cloth than the average Ooboma-pay-my-mortgage, Boosh-keep-me-safe progressive indoctrinate), but generally, the regime weakens, someone from the outside takes opportunistic advantage.
My bet is on Islam exploding at some point in not too long, in Latin America. That whole continent used to be fairly united around a Catholic Church which, while certainly not above corruption, at least had to pay lip service to laws more universal than those it suited any given Junta to enforce at any given time. But now, the whole latin Church, like the rest of it from the Vatican on down, have become nothing but a bunch of shills for the progressive rulers. Bought off by banksters, perfectly content to play permanently ineffectual umpteenth fiddle, to any politician or lawyer on the make. Utterly spineless and ineffective at anything.
But even if the saps in Caracas and other places didn’t realize it before, the fact that they now are literally starving for lack of even basic foodstuffs, is bound to make them realize there is really no reason for them to still keep pretending the place they are stuck, is in any way “their” country. All they need is someone to rally around, who can provide some sort of justification for stocking up on cheap Chinese machetes and going all Hutu on the Chavez profiteers, and anyone else who may look a bit suspect, for that matter.
And Islamic agitators has over the past few decades gotten really, really effective at presenting themselves as that rallying point, knocking over governments at least as entrenched as most tinpotentates south of our border.
And then, once that stuff ignites, it will spread from the South and into the US. Where the entire rotten corpse of an “entitlement” society, will offer up approximately nothing in the way of an alternative with any appeal for most people.
“PS — learn to speak and write English you poorly educated dumb -ss”
O yes anger! one of the steps to recovery…
1) Denial/Shock
2) Anger (Venting Emotions)
3) Sadness
4) Acceptance
The reality of Mr. Trump promises:
1) the wall from sea to shining sea will not be built (DHS admitted to that)
2) Obamacare will not be repealed. It will actually be modified.
3) There will be more wars (not fewer)
4) China will not be put on the list of currency manipulator
5) The national debt will increase and so will be the debt ceiling
6) The federal government will increase in size (hiring freeze has been lifted)
7) Tax reform will not happen any time soon
8) There will be no repatriation “holiday” for overseas cash
7 and 8 are my guesses. The others are very much a given.
Now don’t feel bad. The Donald has “sold a bill of goods” to smarter people in the past and I’m sure they were angry too. Just follow the steps 3 and 4 and you will be OK.
regards
Those are all your misinformed guesses.
Things probably look different from your perch in mexico, especially since you depend on Soros for all your “info”
When Nixon enacted the biggest default of any kind in history by closing the gold window it was reported to have been said at the time “we’re all Keynesians now”. More to the point, we’re all liberals now.
+1.
The progressive free fall straight to hell, did start lots earlier, first with the Sherman act, then with direct elect of senators, income taxes, the Fed, women’s suffrage, drug bans, firearms acts, WW1 and 2 involvement etc., etc… But Nixon definitely did cut up the last remaining parachute to slow the free fall down.
Really, the closing of the gold window. The last tree truly fell in 1937. Originally there were 5 protections from the inevitable end:
1. Congressmen should be unpaid (wasn’t part of the constitution, didn’t last long)
2. The Federal government can’t print money (they got around that by creating the Fed in 1913, it is actually the Fed which prints money)
3. The Federal government can’t levy broad based taxes (eliminated to finance WWI with a “temporary” income tax)
4. The government has only certain enumerated powers, and all other powers are reserved for the states (eliminated in 1937 via Roosevelt’s court packing plan, “a switch in time saves 9”
5. The separation of powers, which is actually only a delaying tactic, not a prevention
Since 1937 the Federal government has in essence had unlimited power to tax, to spend, and to print money. The end has been inevitable since then, and based on the history of other similar governments, will typically come within 1-200 years from that date.
How freaking pathetic. Nancy Pelosi hasn’t been in charge of the House since Obama’s first term…yet here we are not even 100 days into Trump and we have so much flip flopping if we just could wrap a copper coil around him we could generate enough electricity to put big coal out of business! And whose to blame? Pelosi, Obama and Ryan. Anything and everything to avoid calling out your Orange King for who and what he is.
Pelosi got thrown out because she broke the law and is HATED everywhere except exremist San Fran.
And her crime still has not been repealed. so F#ck you
LOL Medex shit posting again all over the place… made up “facts”, ignorant opinions and half-baked conspiracy theories… all to avoid facing up to getting played by a 2-bit real estate huckster from the big apple.
After getting kicked out of every eastern European country, Soros’ troll army has found a new place to post dumb comments from. Soros still a fugitive
2banana said on 18FEB2017:
And I QUOTE:
Trump wants to be the jobs president.
More specifically, he wants to be the manufacturing jobs president as opposed to the part time coffee slinger jobs of obama.
To do so means:
Repeal obamacare.
Repeal NAFTA.
Undo eight years of insanity at the EPA.
Reign in unions.
Reduce America’s highest in the industrialize world tax rate.
WEAK DOLLAR.
There is no other way to do it.
Agree there is no other way for him to succeed (or Americans to get jobs)
…but Washington DC (both parties) doesn’t care about Americans. That is why Trump got elected. He needs to stop pandering to the criminals. Put Trump appointees into office, overturn all Obama’s anti-american executive orders and stop trying to play nice with insubordinate public servants. No one in the private sector would get away with this nonsense
Agree there is no other way for him to succeed (or Americans to get jobs)
…but Washington DC (both parties) doesn’t care about Americans. That is why Trump got elected. He needs to stop pandering to the criminals. Put Trump appointees into office, overturn all Obama’s anti-american executive orders and stop trying to play nice with insubordinate public servants. No one in the private sector would get away with this nonsense
Trump ALREADY succeeded.
Best said, of course, by Trump himself:
“I’m President, and you’re not”.
(Chevy Chase should sue)
As far as JOBS go, that was just another campaign promise…
look LATER, for that to show on the “stunning reversal” list.
(If you blinked, you may have missed a few being added TODAY)
“most beautiful piece of chocolate cake that you’ve ever seen”
“just fired 59 missiles … heading to Iraq.”
All in A DAYs work for “the GREATEST president”
Why bring back manufacturing jobs? Because they were “good-paying, middle-class jobs”. Why did they pay well? Because they were unionized. Trump can bring back all the $9.00/hour manufacturing jobs he wants. Americans will quickly find that those Starbuck’s jobs weren’t so bad after all.
they paid better before they were union jobs.
the unions took money from younger workers and gave it to “seniority”, and then they enacted so many restrictive work rules that companies could not adapt to overseas competition.
Unions wrecked the companies they were working for and deserve the blame they got
+1
Unions, like all organizations, exists for the sole purpose of skimming off the value add of so called “members”, “workers” and “citizens.” For the benefit of “administrators,” “bosses,” and “legislators.”
In a free world, people can, at any time, and completely unhindered, elect to simply not be part of it, if they feel the benefits they get, don’t justify the costs. Which is why the leeches are busy writing “laws” preventing them from doing so. As in mandatory union dues, “non compete clauses”, taxes etc….
Don’t blame the unions. Lots of countries have perfectly functioning unions, with perfectly functioning and profitable businesses. Blame incompetent American management for appeasing outrageous union demands in exchange for short term personal gains.
So don’t blame the union, blame the union leadership?
Don’t blame your right hand, blame your left?
he said management. Tiresome shit posting.
The real blame lies with enabling, supporting and enforcing laws that force people who were not party to a “deal”, to pay for it regardless. As in; young people being forced to pay taxes for so called “promises” made by political hacks to unionistas before the youngsters were even born.
As long as person A’s explicit and individual signature is not on a contract, he is simply no party to it whatsoever. Yet obfuscating and attempting to paper over this obviousity, in order to rob people left and right under pretense of “rule of law”, is at the very core of progressivism and it’s inevitable turning all it touches into an ever more crassly totalitarian hellhole existing solely for the benefit of an ever shrinking ruling class.
Of course Trump wants a lower dollar and low rates, as does the rest of the world that is holding massive amounts of dollar-based debts. Unfortunately, the invisible hand could care less what Trump or other foreign leaders think.
Beginning in Aug-Oct the dollar will resume its march higher as flows from Europe pick up due to German elections / civil unrest / war. Stocks will also continue higher, as they are becoming the only safe haven with depth in the age of the popping govt bond bubble.
Well, weak dollar, strong dollar, hard to say which is better for the US. His promised tax policies will lead to a strong dollar, in my view. Forget the dollar, and fix taxes. The dollar will find it’s own way.
I really hoped he would be different. What a disappointment. Is it all just ego?
US Dollar Monthly Index Chart shows a very powerful rise since 2011 from about 72 to over 100. Maybe a small temporary Trump effect, which seems to be disappearing or getting averaged out over time. But if the trend continues Trump might as well claim credit and see the good side of it, as that is what politicians do. I’m sure Trump would also take credit for any dollar downturn as enhancing exports or some other nonsense. If China was falsely labeled a currency manipulator, China would have then be free to do a massive currency devaluation. Would have benefited China more than USA, so more America First than Trump’s Neo-con-inspired foreign adventures (e.g. Syria bombing).
Honesty would be refreshing, but the Empire is built on Lies. It is the destructive actions of the Empire that are the problem for those on the receiving end, not the lies.
What a President! This is what you get when people do not have a good choice. It is a just a beginning of a 4-year tenure. God help America!
I was a diehard Trump fan. But now with Syria and his flip-flops on matters financial it’s obvious he’s either been bitch slapped into submission by the globalists or the entire campaign was nothing more than a farcical charade.
Based on what I know today if the hands of time were turned back I still would’ve voted for him though faced with the same alternative.
Whatever democracy we had is gone. Operant conditioning has replaced it. Don’t expect to find change in the voting booth when given two options: Dracula or Frankenstein. Good luck with Plan B.
The entire campaign was nothing more than a farcical charade.
This and it was blatantly obvious to many of us.
The jury is still out.
We’ll have a better idea by the end of 2017.
One thing we know for certain. Trump is a jewel compared to Hillary. So I remain very happy with my vote and would do it again without hesitation.
it seems Mish’s blog, like others, has become overrun with low paid third world “commenters” typing in George Soros authored propaganda. Hope Soros gets convicted of being a financial sponsor of terrorism soon; the guy really is evil
Strongly recommend you take your meds…
@LFOldtimer — my Soros propoganda comment was really directed at ablomination and other recent “arrivals”. Soros’ organizations were shut down and banned from a dozen eastern european countries, but like the cockroaches that they are, they apparently have set up shop in a new cesspool.
The socialist “paradise” of Venezuela should be glaring evidence to our little snowflake college students in the USA… if only they had critical thinking skills the universities were supposed to teach them. For $80,000 a year, I guess its asking too much for schools not to indoctrinate the snowflakes
Hilary was a terrible candidate and a crook. Her own campaign staffers are now writing books about what a flawed candidate she is, and they don’t even get into her very long list of felonies.
Whether Trump is better or if he can turn around the sinking ship that Obama left him is still up for grabs (Trump is off to a worrying start). Yes, the country has had a lot of bad presidents from both parties, but Obama was the worst even in a field full of idiots
Agree on most accounts…I’d rather listen to Dan Fogelberg for eternity than deal with Obama for another 4 years. However, Trump is sure looking to me like another Dubya, and we know what he led to…
“Based on what I know today if the hands of time were turned back I still would’ve voted for him though faced with the same alternative.”
Same here despite his ego. In my case, Hillary vs Donkey, the Donkey would get my vote any day.
Can a man’s ego be any bigger? One sample… ‘Stock market is a bubble’ during the campaign. If anything it is a bigger bubble now. But he now claims “See stock market is doing great … because of me and me only” This is one of the many flip-flops. Can anyone say where he stands? One minute here, next minute there. I sometimes wonder whether he even understands what he says.
Can someone tell him that it is human to be wrong but it is foolish to be so egoistic.
Next time vote for a QE financed universal basic income. If you can’t beat them, join them.
It was never about Trump as a leader of a movement. Instead it was the middle finger to the system. The elite still don’t get it. They think if they control Trump they can fix what ever went wrong. Sorry that is not going to happen.
the system has been fixed. After the Great Depression, the American people enacted a set of economic policies that benefitted the working class over the very wealthy. A golden age for the working class ensued. That had to be fixed. Since Reagan, unions have been crushed, pensions destroyed, once competitive industries have become unregulated monopolies, and government completely captured. And best of all, Americans have been conned into completely supporting it. As this board amply demonstrates. Hell, they even voted in one of their slave masters.
Next up for Trump: why we have to gut Social Security and Medicaid to Make America Great Again. Only for the young of course, because God knows American parents will throw their children under the bus for a few bucks.
“A golden age for the working class ensued. That had to be fixed. Since Reagan, unions have been crushed, pensions destroyed A golden age for the working class ensued. That had to be fixed. Since Reagan, unions have been crushed, pensions destroyed…”
The 10 year treasury hit 15%. Price inflation was double digits. That had to be fixed or it was going higher still. 1980 was an inflection point. Price inflation peaked and the trend reversed. That is the part you are missing, Jon. All the rest of it came along with the reversal in the price inflation trend. Now we are back at the other end of the cycle.
Martin Armstrong notes there is a public phase and a private phase to the cycle. 1930 to 1981 was the public phase and going into 2032 is the private phase. All cycles complete themselves.
I don’t like ZIRP.
I generally like low interest rates.
They are not contradictory statements per se. You can like low interest rates like 1% but think 0% is too low.
Trump always says he “likes” someone. It’s his general approach. Give the benefit of the doubt and try to get what you want through carrot and politeness. Use stick and attack only when the other side presents as an enemy. We all know the economy is still tepid and yet Yellen is hell bent to raise interest rates anyway. She wants to derail any recovery under Trump. He wants to buy time to get his tax a DNA budget and Obamacare initiatives through and let the regulatory restraint move the economy before the interest rates move too much. Later in a healthy recovery he’ll probably be fine with rates rising. The long end should lead though. Getting Gorsuch seated is step one towards that goal.
Yes. Pay less attention to what he says and more to the results. The Democrats are speechless without argument after the missile attack. China is on board to attack North Korea. Obamacare is in self destruct. Mexicans are heading for the border. Yellen is hesitant. Comey is neutered. Tax reform is in the sausage grinder.
@Galbraith — “Pay less attention to what he says and more to the results.”
+100
Obamacare is a ponzi scheme that will self destruct (and hurt a lot of people when it does) — I don’t understand why Trump allowed Paul Ryan to hijack the repeal process. A very simple repeal (like the one that already passed both House and Senate last year) would have been the smarter thing to do. I guess Trump wanted to let the extremists like Ryan submit a failed proposal to neuter themselves… but the out of control costs of healthcare is a ticking bomb that needs to be defused asap.
But agree that Trump is just playing the fools in Washington, and his actions are much more important than whatever words — “read my lips, bj from my intern, WMD slam dunk, if you like your current doctor…” Trump can lie to Washington DC and media until it makes their heads explode; they deserve their own medicine.
Trump is the perfect SCAPE COAT for the comming storem …
Put me down for TPTB don’t control everything (at least not yet) … but they certainly have the knack for making lemonade outta lemons.
Co confused. Seems not too long ago he complained about low interest rates and didn’t like Yellen. I’d speculate that Gary Cohn convinced him otherwise, but strong dollar? Does he not believe that his trade policies, talk of infrastructure spending and the belief that companies must produce locally have anything to do with it. What kind of business degree at Wharton does he have?
He said he isn’t sure whether he would re-appoint Yellen next January… which sounds rather non-committal. No matter how incompetent she is, and no matter how much Trump might despise her, it would take the better part of a year to push her out. She will be gone by then anyway. Why waste political capital fighting an enemy that will be pushed out by normal attrition in the same time frame?
In the meantime, Trump is stuck with her. She doesn’t really have a choice about **normalizing** interest rates, she isn’t doing that by choice. Any fed funds “increase” up to 2% (aka what the Fed claims is “neutral” or equal with inflation) is just normalizing rates. No one is talking about rates going higher than 2% unless CPI does (which won’t happen, because CPI has been re-engineered that way).
The government has never, and never will, create good paying jobs. It can only create an business climate that is favorable toward good jobs… that means:
** repealing the scam known as Obamacare.
** It means castrating the EPA (which causes more environmental damage than private entities).
** It means having a skilled work force — students indoctrinated in extreme left wing socialism do not have the skills to compete in global markets.
** it means right sizing government (shrinking the parasite class). US workers have to support their own families, PLUS a bloated bureaucracy that costs more than any other government on Earth. US workers can’t be that productive (they can support their own families and a limited bureaucracy).
Trump needs to focus on repealing Obamacare and right-sizing government. Those are not easy tasks in a city who’s existence depends on sucking the blood out of the rest of America. Yellen will probably not be considered next January, but more importantly the rest of the FOMC positions need to be filled with competent business people (business people means Main Street over Wall Street)
Pretty much everything Trump says, is a direct result of Trump having confidence in himself.
In a world dominated by failed keynesian central planning committees — lets not use their propaganda terms, they are not banks at all…
In a world dominated by failed keynesian central planning committees, every country tried to devalue their currency relative to the others. The US was (past tense) the global consumer of last resort, and America hating Obama was all too happy to have the USD be the global patsy of last resort.
If the USD keeps climbing (really the keynesian run economies keep falling) — it makes it harder for US manufacturers (and the jobs they entail) to compete in the short run (eg during a 4 year presidential term). It doesn’t matter longer term, but politically it could matter over a shorter period.
So Trump wants to walk all the G20 economies back from failed keynesian policies, but if the USD rises too quickly (as markets realize the US isn’t going to devalue its currency into socialist collapse) it could gum up Trump’s efforts to promote US based jobs.
The part about the USD being strong because of confidence in Trump? That is rubbing salt into the keynesian’s wounds. Sports players call it smack talk, or getting into the opponents head.
I don’t know why Mish is attempting to “fact check” smack talk… that totally misses the point. Smack talk is all about getting into your opponent’s head.
Whether Trump can keep the USD strong, but not too strong — and whether he can avoid the keynesian’s attempts to export their problems to the US…. that is a different question. Its a big question mark in my opinion, but its hard to forecast that.
I still don’t think Trump appreciated just how much of a screw-up Obama is, and how much damage Obama did to the economy. Washington DC (both parties) still seem to be in self denial, and thus unable to give Trump any sort of vital advice or feedback.
This is not the first time they have tried to talk down the dollar. When you consider just how destabilizing currency swings can be it is easy to see how a strong dollar could obliterate the global economy. It should not be a surprise in our current global economy that behind the curtain central bankers could be busy manipulating currencies so they trade in a narrow range that will not rock the boat.
Many market watchers have become dubious of recent market moves and over the top efforts of both governments and central bankers to keep this so-called recovery moving forward. More on the merit of this controversial opinion and the ramifications it holds in the article below.
http://brucewilds.blogspot.com/2017/03/currencies-are-trading-in-false-paradigm.html