There are many stocks that will go higher as a result of a construction guy getting into the White House. However, if there’s one singular focus for The Donald, it would have to be to preside over the complete destruction of the wayward Mexico peso. It’s a very stupid currency anyway. We’re gonna make many billions shorting it.
Even if Trump were to ultimately opt against pursuing these policy ideas once elected, the peso would still be vulnerable until he made his intentions clear. “Listening to his rhetoric, you can tell the first country that would probably be affected would be Mexico,” said Andres Jaime, a foreign-exchange strategist at Barclays in New York. The peso would be “a good hedge,” he said.
The peso is down by 23% over the past year v the dollar.
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Please correct me if I am wrong, but does this not mean that everyone sending $$ to their relatives in Mexico are getting a YUUUGGGGEEEE pay raise?
Yes, so the weaker the peso gets, the taller the wall must be to keep out the Mexicans
It means that all the companies looking at moving production to Mexico would find the move even more attractive.
But won’t Trump impose tariffs to counter that?
If he (with the cooperation of Congress, which must pass the appropriate legislation) does, it will violate trade agreements, which will lead to retaliatory action. If that lasts very long, the result would be fewer jobs on both sides of the border.
The view that Trump is selling is that Mexico would have to accede to US demands, but that is far from a given and, more importantly, there would be strong pressure from within the US to drop any new tariffs.
“Russian spies hack U.S. Democratic Party computers
Russian government hackers penetrated the computer network of the Democratic National Committee and gained access to the entire database of opposition research on Republican presidential candidate Donald Trump,”
Rumor is that Putin has viewed this video 24 times already:
https://www.youtube.com/watch?v=4IrE6FMpai8
Trump is perfect for my possition. I own property. And am currenty hedged short nq and rut 250%.
They hacked Repbloodlicans 2
Regards
Chuck Bennett