Post Tagged with: "Donald Trump"

Trump’s working class sellout, tactical nuclear weapons, government shutdown, tax reform and immigration

Trump’s working class sellout, tactical nuclear weapons, government shutdown, tax reform and immigration

Since Donald Trump became president, his core economic agenda has been sidetracked repeatedly by so-called cultural issues. However, now the administration is stepping up its tax reform effort. Even so, other issues threaten to derail this agenda item too. Moreover, it’s not even clear we’re talking about tax reform here. Thoughts below

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Republican presidential candidate Donald Trump speaks to supporters as he takes the stage for a campaign event in Dallas, Monday, Sept. 14, 2015. (AP Photo/LM Otero)

On the coming failure of Trump’s tax plan

Recently I wrote that Donald Trump has failed to deliver any signs that tangible economic benefits are coming down the pike for his working class and blue collar base of support. It seems Trump has ‘sold out’ and is turning to corporate tax cuts at the expense of middle class tax relief. Some comments below

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The failure of the Trump presidency

We are only seven months into Donald Trump’s presidency. And I think we can call it a failure. I’ll have a lot more to say on that momentarily. But I want to flag this as not being a dealbreaker for the US or global economy because people put too much emphasis on the political economy in Washington. But Donald Trump is failing.

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All politics are local: understanding Trump’s threats and misunderstanding Merkel’s disappointment

All politics are local: understanding Trump’s threats and misunderstanding Merkel’s disappointment

What Angela Merkel was doing this past weekend when she spoke of the need for Europe to “take our fate into our own hands” was using an international issue for domestic purposes.

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More on why Trump’s woes aren’t driving markets

More on why Trump’s woes aren’t driving markets

This is a brief follow-up on the last post I wrote about how markets aren’t freaking out about the Trump scandals. I wrote that “this is only one day. What is happening with Trump – while negative – will not change the arc of the US economy and markets.” And we see that this is true today.

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Markets actually aren’t freaking out about Trump

Markets actually aren’t freaking out about Trump

We are seeing decent selling in today’s US equity markets, with the VIX up some 25%. And most people are pointing to the Trump scandals. But this is only one day. What is happening with Trump – while negative – will not change the arc of the US economy and markets.

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Trump’s abuse of power and monetary offset

Trump’s abuse of power and monetary offset

Here in Washington, the city is abuzz over the crisis engulfing the Trump Administration. But politics are less important to markets than one might expect, despite markets being forward-looking. That’s because it’s often hard to judge what impact the politics will have on interest rates and profits. The negative impact of Trump on the US dollar is palpable, but I […]

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Why Comey’s dismissal is negative for the economy and markets

Why Comey’s dismissal is negative for the economy and markets

It is now clear that Donald Trump dismissed FBI Director James Comey in a fit of pique over the investigations into Trump’s ties to Russia. But this move has already backfired, with the Senate investigation issuing subpoenas to former Trump National Security advisor Michael Flynn. Rather than recede, the Russian investigations will dominate headlines for weeks and months to come. […]

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Competitiveness: two tales of systemic reform with Trump and Macron

Competitiveness: two tales of systemic reform with Trump and Macron

I just finished reading an illuminating article by Andrew Ross Sorkin on healthcare and it got me to thinking about a review of structural reforms by Dani Rodrik which encapsulates the problem with fixes to ‘competitiveness’. The message: target reforms like a laser or they won’t work.

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Trump is just a conventional politician who uses over-the-top bluster, NAFTA edition

Trump is just a conventional politician who uses over-the-top bluster, NAFTA edition

This morning, the Trump Administration called the leaders of Canada and Mexico to tell them that he “agreed not to terminate NAFTA at this time,” showing, yet again, that Donald Trump is much less audacious a President than some expected. The question is why. About two months ago, I surmised that despite all his hot rhetoric, Trump’s bark was worse […]

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Canada’s soft lumber and dairy are easy targets for Trump’s ‘America First’ strategy

Canada’s soft lumber and dairy are easy targets for Trump’s ‘America First’ strategy

Donald Trump is a very media-centric public figure. And because the chatter in DC now is of Trump as a legislative failure during his first hundred days in office, Trump needs a win – and Canada is an easy target. Here’s why.

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The US trade deficit is at a five-year high

This morning data from the US Commerce Department showed the US trade deficit in January at its highest level since March 2012. The numbers were not unexpected as the $48.5 billion deficit was bang on economist estimates.

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