Tuesday, April 18, 2017

Power can corrupt people

The world situation is more worrying. Mr Trump has now bombed Syria. Many American presidents love war, and Mr Trump had said he was a non-interventionist.

Now look at him! He is involved with Syria, and also saying he is going to get involved with North Korea. These can potentially not be good for the world. 

If the Middle East blows up in the next year or two, it won’t help the markets. It will help Russia and oil. It won’t help India or China. Mr Trump has promised to have trade wars with Mexico and China. He has not done it so far and so, maybe, is just another lying politician. But he said the same of Syria and then he intervened. He has said North Korea better watch out. He met with the Chinese and did not get anything. Power corrupts. Interest rates are going higher no matter what happens. The French and German elections are coming up—they could be disruptive.