The Spectre of Math

November 4, 2016

Save Euro, vote Trump!

Filed under: Economics,Politics,Uncategorized — jlebl @ 3:35 am

Reading the news [1], I thought of one possible beneficiary of a Trump win.  Since most people seem to think (I’d say correctly) that the US economy will be a lot weaker and unpredictable in case of a Trump win, dollar is probably going to lose value.  One of the main things that we (US) export is the dollar, as countries buy dollars as the world’s main reserve currency.  But with Trump in the white house, euro will look more appetizing as a reserve currency.

A similar thing could probably be said about brexit, which made the pound less appetizing, though dollar is far more of an important foe for euro.  GPB went from $1.5 a year ago to $1.2 today.

So Trump is our gift to Europe.  We are such good friends we are willing to shoot ourselves in the foot (or worse), to help you.  Make Europe Great Again!  On the other hand apparently peso is suffering even more than dollar in case of Trump win …

[1] http://www.reuters.com/article/us-global-forex-idUSKBN12X022

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