Sunday, February 5, 2017

this works through the contradiction properly.

trump claims he wants to lower the dollar. and, this would be in the benefit of us workers, at the expense of investors. of course, i am aligned with workers and not with investors. the fact that i'm a canadian complicates things, but only mildly - a lower dollar is in my self-interest and i would support policies to weaken the greenback.

great, right?

...but the problem is that his policies are starkly inflationary.

he says one thing and he does another. and, the thing we know about trump is that it's what he does that is substantive, not what he says.

now, he might think he can push through inflationary policies and then talk the dollar down. but, this is probably a rationalization.

the smart analysis is that the rate of increase may slow slightly, but the trendline will remain in place.

http://business.financialpost.com/investing/investing-pro/all-donald-trump-talk-aside-the-u-s-dollar-rally-will-continue