I have never read so much crap as I have read about the Presidential election.
Trump actually got less votes than when he easily lost to biden. The Democrats went backwards in a much larger way.
His economic plan is incoherent. His tax and spending plans will blow up the deficit and US debt. however that is a medium term problem for the FED.
Increasing tariffs by 20% is both inflationary and contractionary. He thinks it will boost the economy. There will be fireworks and sackings when this does not eventuate.
Mass Deportations will affect the economy. It costs billions as well.
Thus in the short run the FED will have to increase not reduce interest rates in the not to distant future.
The political problems will be the increase in inflations and business costs of the tariffs. The other thing most people believe that mass deportations will only affect murders and criminals. what happens when there are labour shortages in Las Vegas or Californian vineyards.
Trump of course never make mistakes so look out for a lot of sackings and just remember how chaotic it was last time.
A blue wave is almost a certainty!
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