Donald Trump – Bad For Dollar, Good For Gold?
Donald Trump's emergence as the Republican frontrunner and possible future U.S. President is causing some gold and investment analysts to suggest diversifying into gold according to the Wall Street Journal.
Donald Trump - Gage Skidmore via Commons.wikimedia.org
From the WSJ:
The other winner from Super Tuesday could be gold.
While Asian stocks continued their longest rally since August overnight, led higher for the third consecutive day on the back of Japan (+1.3%), Australia (+1.2%) and China (+0.4%) strength, European stocks have as of this moment halted their longest rally since October (Stoxx -0.1%) and U.S. index futures are little changed.
If the literary establishment ever decides to invent a prize for a 20th-century author with the greatest output of work, a portly English gentleman by the name of Edgar Wallace would be a serious contender. In terms of sheer quantity, Wallace’s output was simply astounding: he wrote over 170 books that were translated into 30 languages; more films were made out of his books than any other writer in the 20th century; and, during his most successful publishing year in the 1920s, one out of every four books sold in England had his name in the title.
Authored by Cathal Haughian via TheSaker.ie,
It has been our undertaking, since 2010, to chronicle our understanding of capitalism via our book The Philosophy of Capitalism. We were curious as to the underlying nature of the system which endows us, the owners of capital, with so many favours. The Saker has asked me to explain our somewhat crude statement ‘Capitalism Requires World War’.
Submitted by Gail Tverberg via Our Finite World blog,
We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely.
Figure 1. Ratio of Imported Goods and Services to GDP. Based in FRED data for IMPGS.