How screwed are we now that trump has been elected...

How screwed are we now that trump has been elected. Every single one of his policies individually can bankrupt the United States. He has zero experience and has given zero insight in to how he will fix the debt even though he claims he's going to do it.

youtu.be/CSKs8iMfNX0

fuck off ctr

hes not gonna do shit

You're VERY screwed if he tries to do even a quarter of the things he said he would before the election.

However, America can not be bankrupted as long as it sticks to borrowing in the currency it prints. And running a bigger debt will stimulate the economy, Since getting elected, Trump's said he'll spend big on infrastructure, which is good for the economy, hence the market rebound.

No, borrowing money in other currencies devalues your currency, which is often good for exporter-countries and bad for importer-countries.

Screwed?
Maybe everyone else is screwed but this is a golden opportunity that come less often than even a cyclical recession or a bubble. You can take advantage of market uncertainty to make huge money if you're smart enough and have the appetite for risk

lmao
>not understanding basic economics
you failed OP

if you believe this then short the market and leverage up, clown

Fun fact, the trump super pacs were all under budget compared to hill going over and twice as effective. Say what you will about the orange racist, he is fucking great with money.

>Say what you will about the orange racist
he's not racist either btw

Don't kid yourself. The man was a Democrat for years before he crossed the line, he's a fucking racist.

elections over, ctr, you can stop now

The other concern is how many people he pissed off in the Reps, who will he take into the inner circle.

Going to be an interesting ride.

Surrounding yourself with YES men is a poor business decision.

>sjws and communists giving financial advice
look there are yes men and then there are zealots.

I'm pretty sure a guy who runs a billion dollar company knows a lot more about money than Marxist indoctrinated college student

Prove he's racist, if you want to talk about racism look to hillary and what she said in her emails

4 more years of Reagan debt spending, Bush tax cuts and massive deregulation. Invest in the market because certain industries like energy, biotech, defense and finance will make insane amounts of money. He's going to personally pocket 9 figures at least due to his policies. This country is already on the verge of financial collapse. The Fed will keep the interest rate at 0% and will probably have to do another round of QE. Then the bubble pops, but not before those vultures pick the bones clean. The whole world will crumble and that will be the only thing that saves us from environmental disaster.

The truth has been spoken.

Month after month BTC will continue to climb, gold, and silver as well. Steadily and definitely not noticeable.

This is the last 4 years before we enter a greater depression then ever imaginable. Stack up while you can.

No shit Hillary's a racist she's a fucking liberal. The liberal mindset is based entirely around race, they don't regard minorities as people and see them with pity and condescension. Trump is a liberal, he thinks Mexicans are criminals and Muslims terrorists; it's the liberal mind they can only perceive the superficial.

>A short-fused egomaniac in control of the US military.

Surely nothing can go wrong here!

...

Just because it's beyond your mental capacity to understand doesn't make it stupid.

>every single one of his policies indicidually can bankrupt the United States
>bankrupt the United States
>United States
>National debt ~20 trillion
>bankrupt the United States

please, please try to explain how one of his policies on its own could bankrupt the United States of America. A country that already owes ~$20 trill

praise kek

No, borrowing money in other currencies gives your own currency a short term boost (because you use the foreign currency to buy your own).

But the value of floating currencies is self correcting - a rise in its value will boost imports and impair exports. So the benefits of the boost will quickly be exhausted. Meanwhile the country has debt that it may be unable to pay back. It introduces a risk of default and/or hyperinflation. Therefore it would be extremely bad policy.

It's much better for your country to just borrow the money in your own currency (either on the markets or directly from your own central bank). Doing so devalues it slightly (though much less than most people think) but that boosts exports and impairs imports. As I said, the value of floating currencies is self correcting.

Well he can't be any worse than all of the eastern european presidents combined. Especially romanian presidents.

>owes 20 trillion to itself

how do we make money off his win though?

>foreign interests own $6.175 trillion of U.S. national debt

>Trump is a racist for wanting to obey the law and deport illegal Mexican immigrants
>Mexicans who appear as White on the census and whenever it's politically expedient.

The one thing I adamantly agree with Trump on is the over-prioritization of climate change and social issues. I am not a SJW - but I do understand that in a modern society, it's important to address social issues - BUT, this is becoming a scapegoat used by politicians to keep the peasants occupied while they go and do whatever they want to benefit themselves and their friends.

>bought to keep their currency competitive/ in the case of Saudi Arabia, as politics.

They're gonna dump, and Orange Hitler is gonna drive this country to Weimar.

Bet on Republican policy

How stupid are you to think that any President works these things out?They have armies of experienced people to work that shit out for them.
Are you a stupid child or just really really CTR.

>CTR
It this some new hot meme acronym straight out of /pol/?

he's going to make America great again whether you like it or not CTR

>which is good for exporter and bad for importer countries
In the short term. But have a huge trade deficit/surplus is not a good thing and devaluing your currency can help fix it.
>imports become less profitable, boosting domestic production in lieu of importing
>exports become more profitable, increasing exports
And thus helps balance the books.

Sounds good, you do remember what happened right after Weimar, right?

Correct the record, an agency, like politifact, paid/run by democratic party affiliates (see WikiLeaks)

So basically /pol/tards use it to silence anybody who doesn't believe their fantasy of Trump makin' murica great again.

Anyway, Trump's policy views are completely fluid, so the only investments that make sense at this point are ones that benefit from uncertainty (i.e. Gold)

Is this what CTR does now that their relentless shilling throughout the whole election has been completely BTFOed.

ITT

Which, like I said, is why right now is a good time to jump on investments that do well during uncertain markets.

>not knowing that Veeky Forums is made up of Rockefeller republicans.

Deficits are deficits, whether Red or Blue.

The global economy is built on a fragile foundation of interdependence that is susceptible to breaking down when people aren't willing to work together through diplomacy and trade. We just elected someone who is not suited for diplomacy and whose public stance is as anti-trade as they come to the highest office of the most critical country to world stability.

How screwed do YOU think that we are?

You realize that candidates are not supposed to be running superpacs right?

He'll follow the usual pattern for the Republican Party

>cut taxes
>cut budgets of the protection and regulatory agencies to make up for the cut in taxes
>pour money into Homeland Security and the Military which pretty much is hand outs for the military industrial base and high tech industry
>strong arm China to accept US patents, increasing corporate profits

I don't really see how this would bankrupt the country probably wouldn't inflate the deficit that much (barring military interventions, which are very possible under Trump). He won't increase tariffs, but will strong arm countries to accept favoritism towards US firms under the threat of tariffs.

Destroying the regulatory agencies and social safety net could have long term consequences but in the short term it would make corporate profits higher.

>Donald Trump’s economic team vowed to push forward with a campaign promise to launch a $1tn fiscal stimulus plan and cut corporate taxes by as much as 20 percentage points [...] Anthony Scaramucci, a member of Mr Trump’s economic advisory council, said the president-elect would finance the new spending plan with “historically cheap debt and public-private partnerships” and insisted it would reduce deficits by stimulating economic growth.

will it work?

They'll bankrupt social security and the EPA (which is despised by the Republican Party despite being a legacy of Nixon).

In the past this is how bubbles get created, cheap debt has done very little to increase economic growth, and tax cuts just mean more money gets poured into the stock buybacks. Tax cuts financed by cuts to social services and regulatory bodies increase and intensify market crashes. Social safety nets create a soft landing during economic down turns and help maintain consumer demand which is the biggest driver of economic growth.

More competition should decrease corporate profits not increase them.

We're in really uncharted waters so China could lose faith in Americas fiscal situation and start selling off their bonds. The dollar is only worth what it can buy and the government cannot control that. Maybe the current international monetary system breaks down in the next 4 years all we know.

Congress said they won't approve any government spending, any infrastructure spending will have to come from the private sector.

You're going to see a lot of speculative private borrowing and spending on investments which won't turn out to be profitable in the long run so expect a massive build up of private debt which will have to be defaulted on or a massive public bail-out of private interests.

This is what people need to understand. Welfare money doesn't go into a black hole, it goes right back into the private sector because people on welfare still buy things.

>He won't increase tariffs
Why wouldn't he? Obama and Bush both increased tariffs.

>strong arm countries to accept favoritism towards US firms under the threat of tariffs
The US is currently caught in a web of trade deals that could take a very long time to modify and other countries could respond with tariffs in kind.

everyone knows superpacs are run in conjunction with the candidate, thats why they matter.

I'd better have all my illnesses now. In 2018, I won't have health insurance.

Workfare. Its workfare now

Imagine China fucking with us by charging more for exports to the us. Obama made it illegal to sell super computer parts to China so don't think it can't happen.

>he liberal mindset is based entirely around race
Says /pol/ without a hint of irony
Fuckin kek

>Why wouldn't he?
because quality of life for his voter-base of working class Americans would plummet.

No cheap appliances. A lot of machinery will become more expensive. A lot of produce gets imported from China actually.

Vietnam, Taiwan, Turkey, India or whoever are China's competitors for manufacturing will rise prices as demand increases beyond their capacity to satisfy.

Raising tariffs substantially would be extremely onerous for both China and the US. Not to mention politically stupid. Knowing Trump he'll use it as a bargaining chip with China for them to let the Yuan float more or something. The question is whether the Chinese will call his bluff or not: that all depends on if they believe the media rhetoric that he's a nutcase, or if they think that he has a strong sense of self preservation.

China arent currency manipulators though. The Yuan is up 20% in a few years.

Eveyrthing Trump says is idiotic, he isnt an idiot though - and that might be americas saving grace.

We're heading towards an international trade war and you know it, if it comes to tit for tat China doesn't care how low they have to lower their populations living standard as long as they keep their industrial basis.

Do you mean by printing more Yuan?

This is true, but it's still artifically low.
And so are the U.S.
QE was currency manipulation.

No one admits it, but

We are screwed :)

I've said that before. The Chinese are good at engineering, I don't want to see the shit they build pointed at me.

The Chinese keep their currency artificially low by 40% at least.

You really think the US could compete with China in a trade war? Walmart is 90% Chinese imports. The price increase of making things American would drive inflation and with no increase in wages there would probably be stagflation. If we went trade war it would take years to build enough factories to bring manufacturing back. There are too many rich companies making too much money from cheap labor and cheap steel.

I think the same, but the Chinese will have the upperhand because they will react very fast because everybody knows what USA's policy is now they it's lead by a dictatorship so everything they do is faster than the political shit show the west have to deal with also this

except the USD didnt crash like the GBP after brexit

what will be our marmite

Trump: "We have to obey the law, folks. We're gonna stop criminals, believe me, not nice people, these criminals."
Blacks & Mexicans: "HOLD UP RACIST WHY U BADMOUTH US"

That's the guy's 'racism' in a nutshell, you dorm-room Marxist fuck.

YE ALL THINK HES GONNA BRING CHANGE WITHIN DAYS BUT EVE HE HAS HIS LIMITS JUST LET TIME DECIDE SHILLS

If China lose faith in America's fiscal situation and start selling off their bonds, all that would happen is that the US dollar would devalue a bit, and therefore it would help American manufacturing.

The current international monetary system will not break down, as it's quite stable and much better than any alternative.

Whether Congress will be as hostile to Trump as they were to Obama is anyone's guess. If they do prevent public money being spent on infrastructure, America's really screwed. But there are two possible workarounds. The first is using Public Private Partnerships (probably poor value for money but better than nothing). The second (better) option is mandating the Fed to lend to state governments for infrastructure spending.

What makes you assume those investments won't turn out to be profitable in the long run?

Many years ago, China made a big devaluation in its currency. But in the decades since then, its value has risen. And much more importantly, wage levels have gradually adjusted to fit its current value. Now, judging from the balance of trade, it's nowhere near 40% undervalued; it may not be undervalued at all.

IMO China has a right to manipulate its own currency. But floating the Yuan is in everyone's interest, including China's.

He's told to do stuff by party

>If China lose faith in America's fiscal situation and start selling off their bonds, all that would happen is that the US dollar would devalue a bit, and therefore it would help American manufacturing.
That would mean a breakdown of the US hegemonic control over the globe and allow alternative institutions to step in to fill the void, which no one in the inner elite will agree to. The US is trillions in debt [this will just keep growing] and will need to deal with this seriously eventually. The state can only gain more revenues by either raising taxes, debt financing, monetary growth (inflation), or state run enterprises. Tax increases aren't going to happen, monetary tricky has been tried and hasn't panned out and state run enterprises ain't gonna happen in America. You're looking at having to resort to some form of risky debt financing schemes.

>The current international monetary system will not break down, as it's quite stable and much better than any alternative.
People said the same thing about the gold standard. The US dollar could easily be replaced if other countries lost faith in how things are going in America.

>What makes you assume those investments won't turn out to be profitable in the long run?
A lot of technological innovation is about to be deployed. The economy is going to be very different when automation starts to take over whole sectors. If you actually get a building boom the benefits will be short lived and long run you'll be left with high unemployment and a low wage economy, all those investments won't be profitable under different conditions which will no longer exist and won't be planned for e.g. think 19th century railroad overspeculation

He has reportedly treated blacks like shit and refused to rent some people them any property because of their race. And before you throw your usual "MEDIA LIBERAL LIEZ" this has been known since before he ran for president

Oh, shut up you trust fund baby.

Not even comparing Trumps policies to Clintons, Trump's ideas and plans (the ones he listed out) are good.
What the kind of experience do you want someone to have? He has managed a huge business for most his life. Do you really think someone who sits in a congressional office and looks at bills, writes bills, is not at least comparably qualified as someone like Trump?

He's going to be fine. And more importantly, we're going to be fine (unless your in the US illegally, than you're in trouble) Trust me user.

Bullshit. I refuse to believe this left wing myth that tax cuts can cause a recession. Bullshit. Letting people keep more of their money cannot cause a recession.

Get the fuck out of my face you filthy left-leaning parasites.

FUCKING THIS

>That would mean a breakdown of the US hegemonic control over the globe and allow alternative institutions to step in to fill the void, which no one in the inner elite will agree to.
Whether they agree it it or not is irrelevant - it's out of their control (unless you count the Chinese as the "inner elite").

>The US is trillions in debt [this will just keep growing] and will need to deal with this seriously eventually.
Not really. There are no circumstances under which they would not be able to kick the can further down the road.

>The state can only gain more revenues by either raising taxes, debt financing, monetary growth (inflation), or state run enterprises.
You've missed the most important one: economic growth. Although admittedly this is closely related to monetary growth, which is not the same as inflation unless there is no production growth.

>People said the same thing about the gold standard. The US dollar could easily be replaced if other countries lost faith in how things are going in America.
The dollar, yes; the system, no.

As the international finance industry has become more sophisticated, the relative importance of the dollar has already declined.

>A lot of technological innovation is about to be deployed. The economy is going to be very different when automation starts to take over whole sectors. If you actually get a building boom the benefits will be short lived and long run you'll be left with high unemployment and a low wage economy, all those investments won't be profitable under different conditions which will no longer exist and won't be planned for e.g. think 19th century railroad overspeculation
But it is possible to create conditions where they will be profitable: keep interest rates low and set fiscal policy to target economic growth (with inflation being a secondary target if the growth target is exceeded).

Recession happening regardless, but trumps policies are still shit.

I'm a newbie, but didn't some of what he proposed hurt the free market?

Didn't he claimed all the Mexicans were criminals or something?

I'm going to wait until the cabinet appointments are announced to make any judgements

>Didn't someone say he was Hitler?

If the dollar falls as the reserve currency and the Fed prints a few trillion more dollars due to weak growth then I doubt many countries will keep holding US debt. Automation will reduce the number of blue collar jobs and that means Trump supporters will end up without employment. Then they'll miss universal healthcare and social security, but it will be too late.

Long commodities. Short US bonds.

Because of what this guy said. (Except I think he'll be hawkish on interest rates. Goose the economy through Reaganesque deficit spending, investors loot the proceeds, than jack up rates to kill the inflation his policies have engendered.)

My thesis here is that the GOP has been the party of austerity because "as long as we can keep fiscal stimulus at zero, it doesn't matter how much monetary stimulus there is, the economy goes nowhere and the Democrats get blamed."

That changed this week: GOP house, GOP senate, GOP president. All of a sudden, as Cheney once said, "deficits don't matter."

It probably turns out this way in the long run. But we're trading for the short run (1-4 years), not the long run. There is a lot of money to be made.

That's the big risk. Free trade and globalism - sorry /pol/tards, and sorry middle class industrial workers who saw your jobs outsourced - has produced great economic growth. Those jobs aren't coming back, but GDP will take a hit if foolish trade wars and protectionism do more damage to US multinationals than the extra spending and lower taxes and repatriation of capital tax holidays can give them.

Sure he did. He's an asshole. And I sincerely hope that is right in that the establishment will keep his most radical supporters (for 's benefit, the SA/brownshirts) in line.

But this is Veeky Forums. No moral high ground. We're not interested in whether we LIKE what's going to happen (or what's not going to happen.) We're interested in making money off WHATEVER happens. He goes full Nazi, we buy BOSS ADRs. (Holy fuck, Hugo Boss is actually traded and hasn't been taken over by RL or some other big fashion retailer.) He goes full deregulation/bubble, we go full Reagan in the years after Carter: buy the indexes, leverage it to the hilt, and make fucking bank.

Do you want to feel right about yourself, or do you want to get rich?