Trump is being pulled in too many different directions to the point where nothing coherent is going to emerge from his strategies (or lack of). You can't promise Wall Street/Corporate America the moon and keep the economy running along nicely while rounding up and deporting immigrants, cutting federal spending, and implementing regressive taxes via tariffs. If he would have just limited himself to the goal of balancing trade while maintaining reserve currency status, I think that he would have had a shot to pull it off. But there is the very real risk that the rest of the world just starts routing around the US so even that is not a given. But when you combine this with all the other things he is trying to do, I think he is seriously risking sending the U.S. economy off a very tall cliff. That is also why he probably is so obsessed with lower interest rates. It is an attempt to try and jolt the economy before all the head winds from his policies start to have an impact.
jacquesm|6 months ago
That's no longer just a risk, it is a reality.