The earthquake has happened: Donald Trump is president-elect of the United States of America. Quite an enormous “black swan”! What should we expect now? On the one hand, Trump’s victory seems like a formidable denial of the economic lies being spread since the 2008 financial crisis: no, unemployment isn’t 5%, but rather 15%; no, there isn’t any hiring in industries; no, there has never been any recovery and growth has been anemic; no, the Fed’s lax policy isn’t useful... middle class is shrinking and poverty is on the rise. Americans have clearly shown that they don’t believe the optimistic narrative sold by the media and the authorities anymore. This may give hope that things could change, that the new administration could be more lucid and stop relying on budgetary spending and monetary laxity for a sounder economy. Trump, by the way, has attacked the Fed’s chair, Janet Yellen, quite a few times. Is there a change coming to monetary policy? Will there be a return to...
from GoldBroker.com https://www.goldbroker.com/news/trump-has-won-what-to-make-of-it-1033
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