Trump needs a return to ‘King Dollar’

A U.S. dollar bill, £1 coin along with 1 euro coin

Matt Cardy | Getty Images

A U.S. dollar bill, £1 coin along with 1 euro coin

The Trump Administration along with the Republicans in Congress have passed one of the best pro-growth tax bills ever. The Tax Cuts along with Jobs Act ranks within the all-time hall of fame of legislation, along with Ronald Reagan’s 1981 along with 1986 Tax Acts along with John F. Kennedy’s posthumous tax cuts of 1964.

The announcements by Apple, FedEx, ATT, Fiat Chrysler along with over 300 companies with multi-billion dollar investments within the U.S. are early indicators of Great things to come through the tax rate cuts.

When This specific will be combined with President Donald Trump’s deregulation agenda, we see no reason why the economy cannot grow for a sustained period at 3 to 4 percent growth — up through 1.6 percent in Obama’s last year. nevertheless there will be still a missing pillar of prosperity within the Trump economic agenda, along with that will will be a sound dollar strategy.

The dollar weakened in 2017 along with we want This specific stabilized. There’s little in This specific world that will can bring our economy to its knees faster than a weak dollar within the foreign exchange markets. Just ask people who served within the administrations of Nixon, Ford, Carter, Bush 2 along with Barack Obama’s first term. All of them were undone by a weak along with depreciating dollar, surging inflation, spiking interest rates, plus financial or commodity bubbles.

Meanwhile, under Reagan the U.S. dollar increased by 67 percent in value on foreign exchange markets through 1985. The cost of gold, interest rates, along with inflation all fell as well through double-digit inflationary highs, while the American economy reignited along with the stock market launched its 18 year bull market.

Or, go back further in time. In May of 1962, President Kennedy’s Revenue Act was passed along with he reaffirmed that will the U.S. dollar was as Great as gold — thus launching the incredible boom called the ‘Go-Go Sixties’.

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