Is the Trump euphoria, as evidenced by the surge in the equity markets, potentially as premature as the Nobel Committee’s, now seemingly almost surreal, awarding of the Nobel Peace Prize to a freshly elected neophyte “Hope and Change” Obama?
There can be zero doubt that there has been an astoundingly strong burst of Trumpian proportions in positive sentiment across the country, with the exception perhaps of the Left Coast. I would imagine that with equity markets on a rocket ship tear, that even hotbeds of Hillary progressivism as New York and Boston, given their economic correlation to the doings on Wall Street, are witnessing a substantive bounce in Christmas spirit. The radical departure from the absurdities of the Obama era, the rolling back of his globalist progressive Agenda 21 regulatory regime and the prospects of significant domestic deficit spending not on bailing out banks and other failed sectors, but on productivity enhancing domestic infrastructure, has shifted the mood more radically than practically any other time in American history.
The second derivative of the Trump win over Hillary makes the policy shifts even more dramatic. A Hillary in the Oval Office, despite her corporate ownership, would not only have been more of the same Obamaesque gutting of the American economy, but likely far worse. Thus the gap between what could have been and what now may be is enormous. However, though the cabinet appointments and the policy announcements thus far are providing a rolling confirmation of the euphoric mood from Wall Street to Main Street, it is overly optimistic to believe that the domestic and world environment will be as accommodating as seemingly being discounted today.
There are powerful headwinds ahead in 2017, from a recalcitrant corporate bought Congress to $20 trillion in national debt that is surely going to witness a serious spike in interest cost and least but not least, the diehard progressives and the cabal of evil criminals surrounding Hillary that must be planning to undermine every footstep the next President takes. Also, do not underestimate the willpower of those potentially at risk for their evil crimes, from Pizzagate to Treason, there is a litany of potential prosecutions that would put these despicable people in prison for life or, perhaps a more justified punishment.
America is gearing towards a Constitutional Crisis
While Trump has put together a right wing cabinet of “reactionaries” which largely conforms to the mainstay of the Republican Party, the bi-partisan “entente cordiale” is in crisis. The powerful corporate interests which supported the Clinton candidacy remain intent upon undermining Trump’s accession to the White House.
Global capitalism is by no means monolithic. What is at stake are fundamental rivalries within the US establishment marked by the clash between competing corporate factions, each of which is intent upon exerting control over the incoming US presidency. In this regard, Trump is not entirely in the pocket of the lobby groups. As a member of the establishment, he has his own corporate sponsors. His stated foreign policy agenda including his commitment to revise Washington’s relationship with Moscow does not fully conform with the interests of the defence contractors.
In contrast, Hillary takes her instructions from a panoply of corporate lobby groups including the defence establishment, the oil conglomerates, Wall Street hedge funds, etc. not to mention Monsanto-Bayer, which has generously funded her election campaign.
Will the financial bubble that has been rapidly growing ever since Donald Trump won the election suddenly be popped once he takes office? Could it be possible that we are being set up for a horrible financial crash that he will ultimately be blamed for?
Yesterday, I shared my thoughts on the incredible euphoria that we have seen since Donald Trump’s surprise victory on November 8th. The U.S. dollar has been surging, companies are announcing that they are bringing jobs back to the U.S., and we are witnessing perhaps the greatest post-election stock market rally in Wall Street history.
In fact, the Dow, the Nasdaq and the S&P 500 all set new all-time record highs again on Thursday. What we are seeing is absolutely unprecedented, and many believe that the good times will continue to roll as we head into 2017. What has been most surprising to me is how well the stocks of the big Wall Street banks have been doing.