Tag Archives: Donald Trump

What politicians say and what presidents do often have little to do with one another. U.S. President Franklin D. Roosevelt, for example, implemented the New Deal a year after the Democratic Party pledged to slash government spending. Still, with the U.S. presidential election fast approaching, the economists on Credit Suisse’s Global Markets team analyzed the campaign promises made to date in the hope of giving investors some sense of what the future might hold.   They determined that if...

  French for Trump OUZILLY, France – There are two ways you can destroy a country: pull down its money or build up its military. Usually, they go hand in hand – one hand ruining the economic body, the other attacking the soul. “I would vote for Trump.” The remark last came from an unlikely source. The French press treats Trump like a clown or a con artist. Until last night, we had not encountered a single Frenchman...

Swiss Franc Once again the Swiss Franc was the strongest. The EUR/CHF depreciated to 1.0875. As said yesterday, the reasons: the Fed and the strong Swiss trade balance. Click to enlarge. FX Rates The US dollar has lost another 0.5% against most of the major currencies today, as Asia and Europe respond to the Fed’s decision. There are few exceptions to this generalization. The Norwegian krone has gained nearly...

[unable to retrieve full-text content]n honest capitalism, you do what you can to get other people to voluntarily give you money. This usually involves providing goods or services they think are worth the price. You may get a little wild and crazy from time to time, but you are always called to order by your customers.

[unable to retrieve full-text content]War: A Warning from the Past. Although history does not exactly repeat itself, it does provide parallels and sometimes quite ominous ones. Such is the case with the current U.S. Presidential election and the one which occurred one hundred years earlier.

Submitted by Christoph Gisiger via Finanz und Wirtschaft, Kenneth Rogoff, Professor of Public Policy at Harvard University, postulates to get rid of cash. In his opinion, killing big bills would hamper organized crime and make negative interest more effective. Kenneth Rogoff makes a provocative proposal. One of the most influential economists on the planet, he wants to phase out cash. «Paper currency lies at...

Hillary Clinton, Donald Trump This tells you everything you need to know about how Hillary will operate as President: there will be no honesty, transparency or truth, ever. Hillary’s bid for the presidency is no longer defensible; it’s time to bring back Bernie Sanders as the Democratic nominee. The issue isn’t Hillary Clinton’s health per se; what is indefensible is her response to legitimate questions of the...

Submitted by David Stockman via Contra Corner blog, The central banks have gone so far off the deep-end with financial price manipulation that it is only a matter of time before some astute politician comes after them with all barrels blasting. As a matter of fact, that appears to be exactly what Donald Trump unloaded on bubble vision this morning:  By keeping interest rates low, the Fed has created a “false stock...

[unable to retrieve full-text content]Low Rates Forever, Nothing much is happening in the money world. The press reports that traders are hanging loose, wondering what dumb thing the Fed will do next. Rumor has it that it may decide to raise rates in September, or maybe November… or maybe not at all.

Fake Money, Fake Capital OUZILLY, France – Little change in the markets on Monday. We are in the middle of vacation season. Who wants to think too much about the stock market? Not us! Yesterday, Republican presidential candidate Donald Trump promised to reform the U.S. tax system. His proposals are nothing new – simplification, fewer brackets, eliminate loopholes for rich people. But he also targeted the “carried...