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Thursday, 22 June 03:54 (GMT -05:00)



Business And Politics News

Trump’s Victory Won’t Bring Russia Any Good, Expert Says


According to Steen Jacobsen, chief economist for Saxo Bank, Donald Trump’s victory doesn’t necessarily mean that the Russian economy is going to benefit from that.

 

 

 

 
Mr. Jacobsen assumes that those who say that Donald Trump’s victory is a nightmare for America are completely wrong. His victory showed an urgent necessity of radical changes in the USA. Today, the USA is living in a world with the lowest labor productivity, the highest social inequality, the lowest interest rates and inflation, and the most inflated stock market in history.
If the latest U.S. presidential election had been all about candidates' personalities, and politics, neither Donald Trump, nor Hillary Clinton would have managed to become even candidates.
 

 

Frankly speaking, it’s not Donald Trump who won the election, it’s just his opponent Hillary Clinton who lost it. The thing is that most Americans saw Hillary Clinton as the candidate who would have continued Obama’s policies if she had won the election. She was seen as the living picture of the U.S. political elite. That’s why the Americans voted for changes. That was the key reason why they let Donald Trump win. 

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You can definitely say that these are not the best changes possible. However, Mr. Jacobsen assumes that Trump’s victory may well bring positive changes since this unexpected event made it possible to change the situation with ultra-low interest rates, as well as the economic policy, and to improve the labor productivity and so on.  Now it seems to be the right time for economists and businessmen to take the lead and be in charge of the country instead of politicians. That’s why Mr. Jacobsen feels more optimistic than 13 years ago. Today’s situation is worse than back then, which is why there is only one way, and this way is to a better future. Simply put, the electorate decided to risk this time and choose a Republican instead of seeing another Democrat as the 45th U.S. President.
 
As for emerging economies, they are seeing tough times, the expert says. Given the existing uncertainty and volatility, investors are likely to reduce exposure and even quit risky investments since the U.S. Dollar now looks more reliable than Brazilian, or Russian assets. Consequently, the American national currency is likely going to get stronger in the near future.

On the other hand, the Dollar cannot stay strong for a long period. This means that in 2017, the USA will face the challenge associated with economic growth. Most likely, this is going to happen within the first 100 days of Mr. Trump’s presidency. The U.S. economy is on the verge of falling into recession. If that’s the case, the U.S. economy will definitely drag the entire global economy into the same recession as well since the USA is still number one economy in the world.
 

 

As for Russia, the USA may cancel the sanctions against Russia since Donald Trump treats Russia as a potential partner rather than an enemy. If that’s the case, this is going to definitely have positive impact on the Russian economy. Still, it’s too premature to say that Russia will benefit from Trump’s presidency.  In particular, Saxo Bank anticipates a stagnating Russian economy, with a still weak national currency around 58-60 rubles per dollar. 

 

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Fed Raises Key Interest Rate. How Will This Affect Russian Economy?

The federal Reserve has raised the key interest rate by 0,25%. According to international experts, this may well make foreign assets (including Russian ones) less attractive in terms of investing.

 

 
The decision was made as the result of the recent 2-day FOMC meeting. The interest rate was raised up to 1-1,25%. At the same time, it’s interesting to note that the actual decision matched expectations, both from the international expert community and financial markets.
Publication date: 20 June 05:12 AM

Why Did British People Punish Theresa May During Parliamentary Election?

During the recent parliamentary election in the UK, the British Conservatives failed to gain public support required to get the absolute majority in the British parliament. Now, the international expert community is discussing the reasons why Theresa May failed on her expectations.

 

 
Publication date: 20 June 03:09 AM

Why Does Trump Fail to Be a Good President?

As you probably know, the scandal around Donald Trump’s decision to fire FBI Director Comey is just one of the unpleasant incidents in his presidential career started in early 2017.

 

 
The truth of the matter is, after the investigation against Michael Flynn started, Donald Trump asked FBI Director Comey to let the investigation slide. While Director Comey didn’t dare object to President Trump openly, he didn’t do that. On the contrary, the investigation got even more intensive.
Publication date: 16 June 01:46 AM

Trump Accuses Qatar Of Financing Terrorists

Donald Trump thinks that Qatar has been involved in sponsoring terrorists in the Middle East. That said, the USA joined other nations accusing Qatar of this kind of financing. President Trump thinks that it’s time to put an end to this. However, he didn’t specify what exactly Qatar did to sponsor terrorists.

 
Publication date: 15 June 05:35 AM

Trump Is a Boomerang Russians Have Hit Themselves With

Experts say that Donald Trump is gradually turning into a boomerang launched by Russia, and the thing is, this boomerang is going to hit Russia, thereby disappointing the Kremlin instead of letting them. President Trump is turning from Russia’s hope into Russia’s disappointment.
 

 

The Kremlin celebrated Trump’s victory with champagne while today Vladimir Putin says he didn’t expect anything from Donald Trump as the next president of the United States. He moved to the White House 5 months ago, but none of his decisions was made in favor of Russia.
Publication date: 13 June 06:25 AM

Will Macron Become Anti-Trump?

 New French President Emmanuel Macron seems to be getting more popular both in France and outside. The 39-year-old President of France seems to have challenged his 70-year-old American peer.

 

 
Not so long ago, he made his TV speech in English. While some older representatives of the French people were indignant at this move since no other president in the history of France had ever dare do so, but the French youth seemed to like this.
Publication date: 12 June 01:52 AM

Google Reveals Near-Term Forecast

Google Technical Director Ray Kurzweil has revealed his forecast for the period until 2030. Previously, he also made similar prediction for the near future related to IT. Strange as it may see, most of his predictions did really become a reality. That’s why the international community has been closely watching his predictions over the last few years, even though sometimes it’s very difficult to believe that the future will be the same as he described in his forecast.

Publication date: 10 June 11:54 PM

25th Amendment Threatens Trump with Impeachment

President Trump is reported to have found himself in another unpleasant situation. To be more specific, just for revealing some top-secret information to Russian Foreign Minister Lavrov, he is now threatened with a possible impeachment. They say that the 25 amendment to the American constitution, this becomes a very likely scenario. In particular, this assumption was put forward by an advisor who used to work for George Bush Jr.

 

 
Publication date: 07 June 12:25 AM

Chinese IT Innovations as an Example for the Resto of the World

China seems to have been trying hard to revolutionize the Internet and entire IT industry through innovation. The international expert community has been seriously discussing the possibility of China setting a good example for the rest of the world when it comes to innovation.
 
Publication date: 05 June 06:04 AM

Europe Cannot Trust Trump, Merkel Says

Market Leader reports that after talking to Donald Trump, some European leaders came to a conclusion that this president is unreliable and the EU cannot trust the USA anymore while Donald Trump is in charge of the White House. This is what Angela Merkel gave everyone to understand while answering questions after the G7 summit.

Publication date: 01 June 11:41 AM