Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
US Coronavirus Trend Trajectory Forecast Current State - 7th Apr 20
Boris Johnson Fighting for his Life In Intensive Care - UK Coronavirus Crisis - 7th Apr 20
Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up! - 7th Apr 20
Crude Oil's 2020 Crash: See What Helped (Some) Traders Pivot Just in Time - 7th Apr 20
Was the Fed Just Nationalized? - 7th Apr 20
Gold & Silver Mines Closed as Physical Silver Becomes “Most Undervalued Asset” - 7th Apr 20
US Coronavirus Blacktop Politics - 7th Apr 20
Coronavirus is America's "Pearl Harbour" Moment, There Will be a Reckoning With China - 6th Apr 20
Coronavirus Crisis Exposes Consequences of Fed Policy: Americans Have No Savings - 6th Apr 20
The Stock Market Is Not a Magic Money Machine - 6th Apr 20
Gold Stocks Crash, V-Bounce! - 6th Apr 20
How Can Writing Business Essay Help You In Business Analytics Skills - 6th Apr 20
PAYPAL WARNING - Your Stimulus Funds Are at Risk of Being Frozen for 6 Months! - 5th Apr 20
Stocks Hanging By the Fingernails? - 5th Apr 20
US Federal Budget Deficits: To $30 Trillion and Beyond - 5th Apr 20
The Lucrative Profitability Of A Move To Negative Interest Rates - Pandemic Edition - 5th Apr 20
Visa Denials: How to avoid it and what to do if your Visa is denied? - 5th Apr 20 - Uday Tank
WARNING PAYPAL Making a Grab for US $1200 Stimulus Payments - 4th Apr 20
US COVID-19 Death Toll Higher Than China’s Now. Will Gold Rally? - 4th Apr 20
Concerned That Asia Could Blow A Hole In Future Economic Recovery - 4th Apr 20
Bracing for Europe’s Coronavirus Contractionand Debt Crisis - 4th Apr 20
Stocks: When Grass Looks Greener on the Other Side of the ... Pond - 3rd Apr 20
How the C-Factor Could Decimate 2020 Global Gold and Silver Production - 3rd Apr 20
US Between Scylla and Charybdis Covid-19 - 3rd Apr 20
Covid19 What's Your Risk of Death Analysis by Age, Gender, Comorbidities and BMI - 3rd Apr 20
US Coronavirus Infections & Deaths Trend Trajectory - How Bad Will it Get? - 2nd Apr 20
Silver Looks Bearish Short to Medium Term - 2nd Apr 20
Mickey Fulp: 'Never Let a Good Crisis Go to Waste' - 2nd Apr 20
Stock Market Selloff Structure Explained – Fibonacci On Deck - 2nd Apr 20
COVID-19 FINANCIAL LOCKDOWN: Can PAYPAL Be Trusted to Handle US $1200 Stimulus Payments? - 2nd Apr 20
Day in the Life of Coronavirus LOCKDOWN - Sheffield, UK - 2nd Apr 20
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast - 1st Apr 20
Huge Unemployment Is Coming. Will It Push Gold Prices Up? - 1st Apr 20
Gold Powerful 2008 Lessons That Apply Today - 1st Apr 20
US Coronavirus Infections and Deaths Projections Trend Forecast - Video - 1st Apr 20
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20

Market Oracle FREE Newsletter

Coronavirus-stocks-bear-market-2020-analysis

President Trump’s Impending Resignation and Declaration of Victory

Politics / US Politics Jun 01, 2017 - 04:37 PM GMT

By: Harry_Dent

Politics This is what I predicted the day after Trump’s election.

He has the impulse control of a grease fire. And he certainly can’t admit when he’s wrong, even though he changes his mind on one policy or view after the next.

There’s something disturbing about that. More disturbing than Richard Nixon’s paranoia that led to the Watergate scandal.


Andrew Pancholi, a close friend and author of The Market Timing Report, has a 45-year cycle that corresponds to the Watergate crisis in 1972.

The cycle rolls around again this year!

Trump is making an enemy out of the media. Yes, reporters, journalists, and all the other talking heads have their flaws, but they’re more objective than the President!

If there is any “fake news,” it’s coming more from him.

He fires anyone that may come against him, like Comey at the FBI…

That was not a smart move by any political calculation.

He has “Reagan-like” supply-side policies, not only for the U.S. and world economy, but even for China, that has excess capacity (supply) to last for more than 10 years.

His tax cut plans will only benefit the rich, business owners, and the corporate elite.

While I have no love lost for the man, many of my readers either support Trump or wish for his critics to give him a chance. But if this was any other man (or woman) proposing what Trump is, and doing what Trump has done, they’d get the same response from me: None of these policies are appropriate for the Economic Winter Season, which is characterized by deflation.

Since working with Bain & Company consulting Fortune 500 companies, I’ve told anyone who’d listen – businesses and individuals alike – that you need a different strategy for each season of the economy.

And if you follow Trump down his rabbit hole, you’ll find yourself in the middle of a snow storm with nothing but your sunglasses on!

His repeal and reform of Obamacare has been a disaster.

His tax cuts and de-regulations are looking questionable.

The Russian collusion issue looks worse every day.

And he’ll never pull off the 3% to 4% sustainable growth he’s promised – even if he cuts all taxes and regulations to zero. It’s simply demographically impossible.

So how’s he going to get out of this quagmire?!

I don’t think he can. At least not as President.

With growing calls for impeachment and increasing resistance from Congress, I think he’ll simply resign. Then he’ll dedicate his efforts to a “make America great again” media campaign instead of fighting a bureaucracy that is “more complicated than he thought.” And he’ll say this was his plan all along.

I’ve said this since last November: Leaders that shake up things are more likely to get shot. Just look at what happened to Kennedy and Lincoln.

I also said from the beginning that Trump would be more effective for the struggling everyday white working class as an unregulated, independent voice in the media. I don’t think he wanted to become President. I think he banked on losing!

Win he did, though, and now he’s complaining that he’s been more unfairly treated than any other president in U.S. history. He’s in a no-win position, and even his wife and son are unhappy with the life they now live.

So, I stand by my forecast – like it or not – that Trump won’t last his first year.

And his removal or resignation from the White House will be bad for the markets.

Be sure to keep reading your Economy & Market emails daily. As this situation, as well as the many others we’re watching closely, unfold, we’ll keep you updated and prepared for whatever happens.

Harry

http://economyandmarkets.com

Follow me on Twitter @HarryDentjr

Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.

Copyright © 2017 Harry Dent- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Harry Dent Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules