Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

President Trump’s Impending Resignation and Declaration of Victory

Politics / US Politics Jun 01, 2017 - 04:37 PM GMT

By: Harry_Dent

Politics This is what I predicted the day after Trump’s election.

He has the impulse control of a grease fire. And he certainly can’t admit when he’s wrong, even though he changes his mind on one policy or view after the next.

There’s something disturbing about that. More disturbing than Richard Nixon’s paranoia that led to the Watergate scandal.


Andrew Pancholi, a close friend and author of The Market Timing Report, has a 45-year cycle that corresponds to the Watergate crisis in 1972.

The cycle rolls around again this year!

Trump is making an enemy out of the media. Yes, reporters, journalists, and all the other talking heads have their flaws, but they’re more objective than the President!

If there is any “fake news,” it’s coming more from him.

He fires anyone that may come against him, like Comey at the FBI…

That was not a smart move by any political calculation.

He has “Reagan-like” supply-side policies, not only for the U.S. and world economy, but even for China, that has excess capacity (supply) to last for more than 10 years.

His tax cut plans will only benefit the rich, business owners, and the corporate elite.

While I have no love lost for the man, many of my readers either support Trump or wish for his critics to give him a chance. But if this was any other man (or woman) proposing what Trump is, and doing what Trump has done, they’d get the same response from me: None of these policies are appropriate for the Economic Winter Season, which is characterized by deflation.

Since working with Bain & Company consulting Fortune 500 companies, I’ve told anyone who’d listen – businesses and individuals alike – that you need a different strategy for each season of the economy.

And if you follow Trump down his rabbit hole, you’ll find yourself in the middle of a snow storm with nothing but your sunglasses on!

His repeal and reform of Obamacare has been a disaster.

His tax cuts and de-regulations are looking questionable.

The Russian collusion issue looks worse every day.

And he’ll never pull off the 3% to 4% sustainable growth he’s promised – even if he cuts all taxes and regulations to zero. It’s simply demographically impossible.

So how’s he going to get out of this quagmire?!

I don’t think he can. At least not as President.

With growing calls for impeachment and increasing resistance from Congress, I think he’ll simply resign. Then he’ll dedicate his efforts to a “make America great again” media campaign instead of fighting a bureaucracy that is “more complicated than he thought.” And he’ll say this was his plan all along.

I’ve said this since last November: Leaders that shake up things are more likely to get shot. Just look at what happened to Kennedy and Lincoln.

I also said from the beginning that Trump would be more effective for the struggling everyday white working class as an unregulated, independent voice in the media. I don’t think he wanted to become President. I think he banked on losing!

Win he did, though, and now he’s complaining that he’s been more unfairly treated than any other president in U.S. history. He’s in a no-win position, and even his wife and son are unhappy with the life they now live.

So, I stand by my forecast – like it or not – that Trump won’t last his first year.

And his removal or resignation from the White House will be bad for the markets.

Be sure to keep reading your Economy & Market emails daily. As this situation, as well as the many others we’re watching closely, unfold, we’ll keep you updated and prepared for whatever happens.

Harry

http://economyandmarkets.com

Follow me on Twitter @HarryDentjr

Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.

Copyright © 2017 Harry Dent- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Harry Dent Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in