A long but interesting video. What Trump is inheriting is not just just an international mess but a domestic economy close to the peak of a money bubble which is about to burst. The damage of a strong dollar could be as bad as those of a weak one. It will all depend on interest rates in the coming months. The picture is complicated as explained but the outcome sooner or later is predictable.
After the first two weeks of picking the low hanging fruits, Trump will have to do "something" about the economy and the deficits. The reason no president in the last 50 years has done anything much about it yet, including Trump in 2017 is that the pain would be widespread including for those who voted for him. As a European bureaucrat once said: "We all know what we should do but we do not know how to get reelected after that!"
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