Re: Perspectives on the global economic changes
Posted: 25 Jun 2018 08:47
US and USD is looking pretty good while Trump is president weilding the big danda on trade.
Trump is scaring the exporting nations of the world senseless with threats of hundreds of billions in tariffs.
That's causing every major company from Toyota to Honda to Samsung to LG..etc. to move their factories to the US to not incur his wrath.
They don't want to be next in line for the his tariffs.
The losers will be Mexico, South Korea, SE Asia.. etc from where the factories will either be uprooted or no longer be built/expanded.
These companies moving their design & manufacturing base to the US is causing a job boom and a rise in real wages in that country.
That will fire up the US economy and once that happens, they will start raising interest rates leaving EU countries in the dust.
Years of listening to idiot economists advocating the hollowing out of their industrial & manufacturing base and suppressing wages as being good for the economy is being tossed into the garbage bin. In its place is coming an America first policy.
Trump will win a second term if he keeps up this momentum.
America's future is looking a lot better under Trump - although its coming at the expense of other countries who are dependent on exports to the US market.
For now however, beware the danda..
Trump is scaring the exporting nations of the world senseless with threats of hundreds of billions in tariffs.
That's causing every major company from Toyota to Honda to Samsung to LG..etc. to move their factories to the US to not incur his wrath.
They don't want to be next in line for the his tariffs.
The losers will be Mexico, South Korea, SE Asia.. etc from where the factories will either be uprooted or no longer be built/expanded.
These companies moving their design & manufacturing base to the US is causing a job boom and a rise in real wages in that country.
That will fire up the US economy and once that happens, they will start raising interest rates leaving EU countries in the dust.
Years of listening to idiot economists advocating the hollowing out of their industrial & manufacturing base and suppressing wages as being good for the economy is being tossed into the garbage bin. In its place is coming an America first policy.
Trump will win a second term if he keeps up this momentum.
America's future is looking a lot better under Trump - although its coming at the expense of other countries who are dependent on exports to the US market.
For now however, beware the danda..