Ian Bremmer certainly believes that. A Trump presidency will devalue the US dollar
But the dollar would likely lose value during a Trump presidency, says Bremmer. Given Trump’sunpredictable foreign policy and unprecedented remarks about US debt, other countries would likelysearch for alternatives to the dollar–hedging in other currencies and commodities, including the Chinese renminbi, the euro, and gold.
Fair enough. A few weeks ago we made a stunning prediction. InvestWithAlex Predicts: Donald Trump Will Be The Next President
Why?
In short, Mr. Trump’s economic plan matches our long-term charts and what the market will do post 2017 to a tee. Particularly, we see interest rates surging higher (long side of the curve), massive inflation and a surging stock market. Over the next 10 years. Only one thing can cause all of the above in today’s economic and valuation environment. Dollar devaluation or outright monetization.
So, yes, Mr. Bremmer is correct, but for the wrong reasons.
