Out with the old, in with the old. Wall Street and the Fed wants to make nice with Trump so as soon as he accepted the next Presidency, the market manipulators went to work on pushing stocks higher and gold lower.
What happened with the threat issued by the media that if Trump were elected the stock market would crash? Yesterday Stanley Drunkenmiller issued a proclamation that he sold gold because inflation was coming. I do not believe that I have EVER come across any reference to the notion that gold in inversely correlated with inflation. Someone must’ve slipped Drunkenmiller some LSD in his scotch. But, then again, Drunkenmiller is part of the Soros family, which means he’s the enemy of the people and the truth.
The economic thesis connected to Trump is infrastructure spending and inflation generation. The insanely overvalued, over leveraged “infrastructure” stocks like Caterpiller and Terex screamed higher the last few days. But if Trump has his way with his economic ideas, corporate taxes will be cut and the Government will re-do the work Obama did on the infrastructure. Bridges to nowhere funded by more Government debt.
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