Simon Hunt Strategic Services for Global Economies & Commodities
Newsletter No. 75 The Global Economy: The Way Ahead with a Trump Presidency
“Like in Russia, the transfer of power from one secret police gang to another was violent and terrifying for everybody involved. American Glasnost is underway. This is like the gang warfare between The Sharks and The Jets; for those who remember, the gang fights in West Side Story. But this is West Side Story without the love affair or the dancing, but with very sharp knives, guns and nukes. The hostages are, for now, the proposed Trump appointees and their Biden predecessors.” Dr Pippa Malmgren, American Glasnost, 15th November 2024
“The US economy is definitely in for slowing growth at best, and probably a recession in the next 9 months. This recession is already happening. The stock market will draw down, and from there, I think it will come back. Trump’s policies are enacted. They get a tax bill through. They get tariffs up. They create high paying US jobs. They cut regulations. There are a lot of bullish things in the pipeline, but they take time to implement and take effect. In the meantime, we will have a rocky road.” Dr Jim Rickards, November 2024r
“If Iran succeeds in causing major damage to US forces, this will be a dramatic wake-up call to all of the experts who have insisted Iran is weak and vulnerable. It will force a change in the narrative. Does Trump want to start off his final term as President presiding over a war that could force the United States to fight both Iran and Russia? What I am suggesting is that events may take place that will compel a change in the United States with regard to both Israel and Iran before Trump takes office.” Larry C Johnson, Ex-CIA Analyst, 14th November 2024
“Real wage growth was minus 2% going into the election. It is also interesting to know that minus 2% number of wage growth was also in 1980 when Ronald Reagan won in a landslide and also in 1992 when Bill Clinton won in a landslide.” Ed Dowd, Founding Partner Pinnace Technologies & former Wall Street Analyst, 12th November 2024
“For the first time a couple of years ago bondholders were unwilling to continue to fund the deficits of Great Britain and the UK government was thrown out. Mr. Macron is now heading right down the same path. Bondholders have told the French that they are not going to fund their national debt…. The bondholders are saying you have to stop running deficits. The way you would rein in deficits could be to cut spending. But there is an alternative: it’s called taxing. And it’s called taxing corporations and the rich because the others don’t have any more for you to tax.” Alastair Crooke, Strategic Culture Foundation, 11th November 2024
1. Background
The election of Donald Trump to be the next President of the United States ushers in a period of revolution within the country and externally years of reconstructing the way that nations interlock with each other.