Trumps Tweets are important and have impact
Video transcript:Today is Tuesday 3rd January 2017 and we are very briefly commenting on President-elect Trump’s tweets and the impact and potential impact they are having.
We have already seen that his criticism of Boeing price for the new Presidential Airline has resulted in a lower estimate being given.
During the past 24 hours Donald Trump has issued (at least so far) 11 tweets. They ranged from issues covering General Motors, Obamacare, the Independent Ethics Watchdog, Ford, and Gitmo and they are having an effect.
Ford Motor Company announced today it will cancel a $1.6 billion plant planned for Mexico and will instead invest $700 million in a Michigan assembly plant, directly tying the decision to “pro-growth policies” championed by Donald Trump.
Trump also criticized House Republicans for voting to gut Congress’s independent ethics watchdog and move it under control of the lawmakers it is meant to watch over. After a public outcry and Trump's tweet, lawmakers pulled the proposal in a closed-door meeting today.
However the two tweets which are causing some concern are:
1. “China has been taking out massive amounts of money & wealth from the U.S. in totally one-sided trade, but won't help with North Korea. Nice!”
2. “North Korea just stated that it is in the final stages of developing a nuclear weapon capable of reaching parts of the U.S. It won't happen!”
This has caused much consternation and public talk about Trump being deliberately provocative and the fallout this may cause.
Ian Bremmer’s Eurasia Group commented today:
“This year marks the most volatile political risk environment in the post-war period, at least as important to global markets as the economic recession of 2008. It needn’t develop into a geopolitical depression that triggers major interstate military conflict and/or the breakdown of major central government institutions. But such an outcome is now thinkable, a tail risk from the weakening of international security and economic architecture and deepening mistrust among the world’s most powerful governments.”
Gold rose very quickly in response to these tweets and currently stands some $20 higher from its opening position and silver rose 50 cents initially and is still up 32 cents as we produce this video.
Trump’s tweets are seen to have an impact on markets and decisions much of which will be positive, however it can also have an unintentional negative effect – whichever occurs, they are worth following if only to measure the impact they actually have.
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Illuminati Silver owners come from a background of Banking, International Wealth Management and Economics. Having now retired from these worlds we are not qualified to give investment advice. Therefore, this and other productions must not be deemed to be giving such advice and merely represent the personal views of its owners.