US Economy in a Nutshell
The longest time I was smart enough to not talk anything economics, politics, philosophy, but hey, it's the weekend and I'm feeling a little dangerous. So here we go, your very quick rundown of US economics, and how it could possibly affect global economics in the short term to come.
For those of you who don't know the Trump administration hired Larry Kudlow, a mass media former hedge fund managing partner with CNBC's Jim Cramer, the host of "Mad Money" fame. His policies are quite simple, he is against tariffs, but after listening to his weekly radio show last week he offered an explanation that basically said he understands where the concerns come with China's countless illicit deeds as being recognized on the highest level position among G20 nations.
A primary idea of concern for the Steemit user, and the Steem investor, or cryptocurrency in general is that the primary financial advisory council of the President of the United States is a "King Strong Dollar" staunch believer. What that means for us as Steemians, is in my opinion, that with the value of the dollar on the rise, interest rates on their way up, there is a short term stability in the US Dollar, and continued growth in the US markets, and their investments overseas. What does that mean for cryptos, that is highly speculative of course but I feel that the more economies will stabilize, possibly see recession or even pullback, but cryptos could see times of cratering, finding interest with some spikes, but far less volatility and much affected by inertia which is just what the massive conglomerate financial institutions will want in shutting all of you up.
It is forcing other economies to stay at that level and maintain their spending and currencies to a more reasonable attempt at somewhat controlled spending. Even after signing the budget plan sent their way, the Trump Administration will have a definite strong currency shill on board and the only question is how influential his advice will be and how long he can last in the administration, that knows no seat that is not at least lukewarm. The ongoing forecast really is anyone's guess which can range from unforeseen sudden worldwide economic collapse, to pretty much all boats being risen by the incoming tide. I feel lukewarm to nervous to how serious Kudlow is taken by the President in a strengthened dollar after battling somewhat stagnant economic growth over the last several years, similar to what the President Reagan Administration acted in the early 1980's.