Conspiracy of the Few
GUALFIN, ARGENTINA – ‘U. S. stocks fall on Trump talk…’ began a headline at Bloomberg. Or it may be Trump action. We had already counted six major campaign promises – including no O’care repeal and no ‘America First’ foreign policy – already buried (some for the better).
Then came four more major policy reversals on Wednesday. Seeking Alpha reports:
In a single day, President Trump appeared to reverse his positions on no fewer than four key pledges that arguably led to his election victory.
Trump told WSJ [The Wall Street Journal] yesterday that China is no longer a currency manipulator, he respects Janet Yellen and perhaps could nominate her to another term leading the Fed, he would support the Ex-Im [Export-Import] bank after previously saying he would shut it down (good news for the likes of GE and Boeing), and NATO was no longer obsolete since it is fighting terrorism.
In the same interview, Trump said he believed the dollar was ‘getting too strong,’ sending the dollar lower and gold higher.
This post was published at Acting-Man on April 18, 2017.
Follow on Twitter
Recent Comments