Fears or fallacy – Trump impacts world markets
Donald Trump is the new President elect of the United States against all the odds. Rodney Johnson senior editor of Economy and Markets says, ‘According to the mainstream media, anyone who voted for Donald Trump is a hate-filled bigot who objectifies women, can’t stand immigrants, denies global warming, has no education, and earns less today than he did in 1999.’
He says, ‘It seems that the vote really wasn’t for the man. It was for the possibility that his candidacy represents, and the chance to end some policies that President Clinton would have continued.’ In a very real sense, many voted for Trump in spite of who he is. He was the candidate who had zero experience, did not really put forth a policy statement of any kind, says reprehensible things, and brags about declaring bankruptcy.
Johnson goes onto say, ‘A Clinton administration would as illustrated by her policies, continued down the path we’ve been on since her husband’s Bill time in office. More government intervention, more spending on programs that are insolvent, and new programs such, as free tuition that addresses symptoms, not causes. It appears that her team believed that elected officials knew more, and knew better, than those who are governed, hence the reason for such extensive regulation and greater government programs.’
In the hours after Donald Trump was confirmed as the next President of the United States, there was been a sharp increase in the number of Americans enquiring about alternative residence and citizenship programs. Recent unsettling world events such as the attempted Turkish coup, French terror attacks, Brexit and now the Trump presidency are having a significant impact on the interest by wealthy individuals and families in alternative residence and citizenship.
Also markets started responding. Right after Trump was declared the winner, Harry Dent, US economist warned that rising interest rates are signaling that central bank policies of Quantitative Easing (QE) and negative rates are failing. He went on to say that 10-year Treasury bond rates could spike as high as 3.1% in early 2017 (rates that already surpassed his near-term target of 2.25%).
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