Many have heralded Trumps election win as the arrival of the anti-Christ and that his administration will result in economic Armageddon or something similar. While still in the very early going an outline is beginning to emerge and contains the following. Renegotiate trade deals and impose tariffs, we tried tariffs in the great depression they were a disaster. Strict immigration controls and deportations. Wave a magic wand and remove all illegal immigrants and watch agriculture, hospitality and construction suffer severe staffing shortages and economic dislocation amongst other items. Most of the rest features the classic borrow and spend republican play book, because deficits don’t matter. At least they don’t so long as you can play various games to reduce debt service costs, aka reduce interest rates, after that I’m willing to bet that deficits matter a great deal. In all fairness, will have to wait a while longer to see the results.
Some additional observations post-election, Gallup reports that America has never been so divided. The Standard and Poors 500 Index has surged 8% since the election, the night of which it plunged 5% in after-hours trading, tripping the circuit breakers. The odds of higher interest rates at next month’s Federal Reserve meeting are 100%. Last but not least the lamestream media is howling from the rooftops about all the fake news on Facebook, talk about the pot calling the kettle black. You know, sometimes I think I live in an alternate universe.