Thursday, January 26, 2017

Donald Trump will listen to Peter Navarro

I was bullish on Russia before Trump came along with his positive comments. Trump is going to be friendly with Russia. That's an enormous change. You're going to see the rest of the world remove sanctions.

Could Trump introduce tariffs on Chinese imports ?

If he does that, you better sell everything you have, because it will cause very, very serious problems. 

When you have trade wars, you have economic upheaval, turmoil, recessions, bankruptcy. America and China could really boom together, [but] Trump seems to have it in for China. I don't know why, since he and his family do huge amounts of business in China.

Some guys that Trump has appointed do understand how the world works. On the other hand, he's got some people who are vehement that they need to attack China. Peter Navarro has made a career out of attacking China. And Trump's going to obviously listen to him, at least publicly. And that can cause strife for a while.

US Dollar could get stronger

The U.S. dollar is going to continue going up against nearly every currency in the world.