TRUMP ON INTEREST RATES: "We should have the lowest rate in the world."
This guy knows nothing about economy. Lowest rates are not compatible with reshoring and reindustrialization. It is one or the other.
He is running out of time and need to choose soon. And it will likely be lower interest rate.
Inflation will be bad but China will continue to be industrial center of the world.
In principle it is bullish for markets in “nominal” terms, but it will also change structure of investment instruments, so the questions are 1) which asset classes will pump and 2) how they will perform in inflation-adjusted terms
