TRUMPIAN ECONOMICS

Like everything else he does, his economic policy is both childish and chaotic. American National Debt has exceeded $40trillion (40000000000000), that is over $100000 per man woman and child in America! and by comparison per person the UK national debt is half that. and his war with Iran is costing lots more. His latest tirade with Canada is also fueling a loss of trade and hitting the economy. Companies can cope with a crisis if it is defined, not so easy when the parameters of the problem keep moving. Many parts of the world are moving, increasingly rapidly, to a carbon free future and America is missing out. To a large extent poorer countries have moved from no telephones to MOBs miising out land lines completely, will they do the same with the internal combustion engine and fosil fuel energy production? Most have a solar surplus to exploit – Morocco has been suggested as a source of energy for the UK. The dollar is not seen to be the safe haven it once was (partially due to the ever increasing US debt), for how much longer will commodities be priced in dollars? To suggest that the US economy is faltering would be false, but it is not the fortress it once was. Mid-terms are coming up soon and his blustering is increasing – however America is very conservative and traditional in many ways. It remains red vs blue in most areas. Democrats are under threat from within – Democratic socialists of America are gaining nominations from traditional democrats; MAGA republicans are less dominant but whilst Trump is in power (and functioning reasonably well with his illness), they will continue to occupy the main seats of power. So can we expect a radical change in November? Probably not – knuckle draggers are unaware of their stupidity until too late!