Gimme A 10% Discount For Trump

For certain, the Prince of Swine who bestrides the White House has carved a snake pit out of our majestic Capital. Don’t despair! Our country’s amply broad-based with a competitive industrial heartland and Silicon Valley, still viable, holding technological primacy, worldwide.Sadly, we’re saddled with one dumb-bunny Federal Reserve Board. They don’t get it. The country’s problem is impending deflation, not galloping inflation. Start with home prices, then move down to depressed oil and gas quotes. Demand weakness for steel, aluminum and copper - all basic materials - awaits tariff settlement with China. But, worldwide overcapacity is a given for raw materials for years to come.In the Western world, fiscal health becomes a nostalgic memory. Sluggish gdp numbers plague England, France and Germany. Same goes for Japan and now China where too much debt is their precarious way of life. Interest rates for 10-year paper dwell near 20 basis points for England, Germany and elsewhere, even near zero in Japan. You don’t find this pattern in our entire financial history. Consider, fiscal spend in socialist countries like Norway and Denmark takes the cake with a national ratio above 60%. Over here, personal consumption expenditures range into high 60s relative to gdp. Unlike France, we can avoid a sizable value added tax to fund our budget. The argument over allocating $5 billion for a start on Trump’s wall resonates politically, but is a nominal number, not much more than the cost of an F-15 squadron.