Strength Isn’t Always Good

With the dollar strengthening rapidly relative to other currencies, in part as a result of Donald Trump’s election victory, consider this irony: The price of imports will fall, making them more attractive to consumers—just as the incoming president prepares to clamp down on imports.

Hopefully, he’ll put aside his protectionist instincts and be persuaded by his advisors to enable American consumers to enjoy a few bargains. Otherwise, we’ll be experiencing the downside of a strong dollar without enjoying the upside.dollar

The downside is that a strong dollar makes American goods more costly abroad. The weak dollar that prevailed through most of the Obama presidency enabled American companies to compete abroad, even though corporate America is taxed at the highest rate in the industrialized world.

But add on a stronger dollar and American exports will drop, increasing our trade deficit, reducing corporate profits and making it more difficult for the economy to grow. That would cause a drop in employment and American workers would, yet again, have to wait to see their salaries increase.

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Investing Under President Trump

Is Donald Trump a narcissistic blowhard or an astute businessman with the ability to make America great again?

We will all find out over the next four years, but we should also keep in mind that he will not be running the country by himself. He has a Republican majority in Congress and most states are now run by Republicans (the party that most media were writing obits for a month ago).

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Although President-elect Trump is a former Democrat and has expressed support for expanding many government programs, the advisors he has picked to date signal that the regulatory state we’ve lived under for the past eight years will be reined in. That would be good news for the economy and for the markets.

Regardless, he is not Hillary Clinton, who was poised to tack left of President Obama and bring us closer to the socialist state that U.S. Senators Bernie Sanders and Elizabeth Warren have been advocating.

While we worry about his stands on trade and immigration, President Trump will undoubtedly be stronger than President Obama, more bipartisan and more focused on economic growth. In all cases, it wouldn’t take much.

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An Election Post Mortem

You can’t play sports without losing sometimes and, in losing, you learn something about grace and how to act under pressure.”                                  John F. Kerry

The silent majority has made its choice. Working class white males bonded with the billionaire from New York City and, as a result, we have a new president who is not a Democrat (though he was), not a woman and, thankfully, not politically correct.

Donald Trump, though labeled as a racist by Democrats, also drew more votes from blacks, Latinos and Asians than previous Republican nominee Mitt Romney.trump-donald

Supporters of Hillary Clinton did not take her surprise defeat well. In fact, they may have reacted with more constraint if bubonic plague had been introduced to their water supply. Clinton supporters swooned. I’m still not sure what the vapors are, but Hillary fans had cases of them in droves. It was like a scene from “Contagion” or “The Day the Earth Stood Still.” Panic was widespread.

Consider this quote from the Telegram & Gazette’s Dianne Williamson: “Yes, it hurts. It’s spirit-crushing. I’ve heard from many people who expressed surprise at the visceral emotional pain they felt upon learning that a slick, opportunistic demagogue has been chosen over a smart, capable and accomplished woman who has devoted her life to public service.”

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#NeverHillary: Read This Before You Vote

When it became clear that Donald Trump was a less-than-ideal candidate for president, many Republicans came out in favor of a #NeverTrump movement.

There’s also a #NeverHillary movement. Have you read about it in the media? How many Democrats do you know who have joined it? I’m guessing that, if you’re being more honest than Hillary, your answers are “no” and “none.”clinton

How much influence peddling, pay-for-play politics, nepotism, lying and corruption will it take for Democrats—and for all Americans—to say, “Never Hillary?”

Apparently, quite a lot. We could devote volumes to this topic, but here’s a quick and incomplete summary of the scandalous life of Hillary Clinton. There have been too many conflicts of interest and shady decisions to include in a single post, but hopefully there is enough material here for you to make an informed decision on Election Day.

We’ve previously written about the Democratic Party platform, which would be a disaster for our economy, but the lack of ethics shown by Hillary Clinton is even more troubling.

The Convicts List

First, it should be noted that a vote for Hillary is a vote for “Clintonworld,” the Friends-of-Hill group of her closest advisors who have almost all been investigated, indicted or imprisoned.

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