The Corona Crisis has hit the USA like no other country with a massive increase in unemployment. Can Trump still win the US presidential election in such an economic environment? This is a crucial question, especially for the stock markets. After all, Trump is considered a major tax-cutter and deregulator. Wall Street would probably not have it as easy as before with a US Democratic president. What is decisive, however, is how the US consumer survives the corona crisis. And here an analysis shows that the conditions for a rapid recovery are anything but favourable. Will Trump be elected by voters who are in a bad economic situation? Probably not! That is why Trump will try to focus voters’ attention on other areas: on the “deep state”, which in his view includes everyone who is not for him. And in terms of foreign policy, on China, Iran and North Corea.
The US GDP (3rd quarter, first publication) was better than expected at +1.9% (forecast was +1.6%; 2nd publication was +2.0%). Trump had previously indirectly announced the better figures via Twitter. 1.9% really as “best economy […]
US President Trump, known for his modesty, twittered yesterday: “BEST USA ECONOMY IN HISTORY! And right he is! The economy is growing, unemployment is as low as inflation. But growth is being bought with masses […]
Suddenly, even the otherwise painless Wall Street optimists have doubts about a quick solution in the trade war. The deal is moving further and further into the future, and for this year it should be […]