Loading ...When we crashed in 1929, the whole world went down. When the USA crashed in the summer of 08? The whole world crashed with us. I just saw someone from Japan pledging I think a $50 million? investment in the USA, and 50 thousand jobs for the USA. And the guy said with an accent…”We want America great again”.
I remember writing a post years ago, re the big trade deficits we have, that if we can’t pass laws and revoke old trade deals, promptly, the US would have to use a media campaign, to re-educate the US masses.
Guess what? That’s what is going on. Trump thru the whole campaign was “re-educating” the public. Then the Carrier air conditioning (owned by UTX Defense contractor) hoopla, now Boeing wants $4 billion for a new Air Force One, and Trump says cancel it too much money. (both owned by defense contractors) Boeing should GIVE the USA a free Air force One.
TPTB and the markets are depending on psychology and HOPE to avoid reality. But hope is not a good trading strategy and neither is psychology, depending on mind over mater. What are these bozos thinking?
So far, between the abnormal low rates and the abnormal strong dollar, they got the masses to buy houses, new cars, and stocks. The recent Trump and related coming good times hoopla is probably intended to make people “feel good” and start spending their “strong dollars” on cheap high quality imports at the shopping malls.