The passions are hardly cooling down

One would want to say: “Enough of Trump, a little bit of pure refreshing economy would do us no harm now.” Except it won’t be given to us for a while because no matter what gets mentioned on the financial market today, everybody is excusing it with Trump like he perhaps has a hand in it even if it was let’s say about publishing the statistics for the year 2015. This entire hysteria is simply starting to get somewhat overlarge proportions and Trump is being credited with almost supernatural powers of influencing the economy.

This extreme, in which Trump is being given the attention to, is very well visible in this little triviality: One of Trump’s economic advisors (who we by the way don’t know much about so far), David Malpass, said today in an interview for CNBC, that he assumed that Trump should focus in economic field on topics like economic growth or support of small businesses via lowering and simplifying the taxes. (Like we haven’t heard these slogans sometimes somewhere before. It is the classic return of election slogans of all classic right-wing parties all over the planet.) And that Trump should supposedly talk less about big macroeconomic topics like the monetary politics of the American central bank the Fed, which is apparently independent after all. (Where did the pre-election radicalism suddenly vanish…?)

Well yeah, but with that it’s like the big global topics, which the financial world feared so much until the last minute were suddenly vanishing and topics that are interesting perhaps only on the American playground were appearing instead of them. Obviously, it is not certain that words of one advisor truly represent the official course but if it was true then it would indeed mean radical turn from everything expected. It would also mean that the financial market had no reason to worry…

Paradoxically, there is one good news resulting from this for us: Trump as a phenomenon toying with the markets could be forgotten pretty soon (because what to do with the factor that nobody knows what can be expected from it?). And the financial side of economies could return to more rational thinking pretty soon. Does it change anything on our conclusions from last days that the dollar and stocks globally are currently vulnerable? Nothing changes. Only that one wild card will be eliminated soon. Others and well dealt out cards are staying in the game.