Regarding interest rates and Trump, let's look back at his first inauguration in January 2017.
Trump: Interest rates are too high!
Oh, Trump is starting to complain about high interest rates again! The last time he complained about it being "too high" was in January 2017, when he was just about to take office.
Let's review his classic remarks:
"Our companies can't compete with them now because our currency is too strong! This is simply killing us!"
Last year he also complained that the strength of the dollar is "a huge burden on American companies."
But you have to admit that Trump does understand the consequences of a strong dollar - and the same applies to high interest rates. What will high interest rates do? Suppress exports, hit corporate profits, and put the brakes on economic growth.
Then? Guess what happened? The dollar began to plummet. Why? Because the president disliked it! So, this drop directly opened up the most magical macro market in recent years - risk assets collectively soared!
So, he still thinks the interest rate is too high. Is this going to repeat the script after he took office? Let's wait and see!
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