Today was the day that President-elect Donald Trump had a press conference. All was well until Donald Trump started to speak. At that point stocks went down, bonds went up sharply.
And the U.S. Dollar went down rapidly.
With this market reaction to the amateurish clown we have elected to be leader of the free world in mind, I couldn't help but think that a weak U.S. Dollar would be in the interest of Russia.
Russia depends on oil and gas for hard currency income. Energy is about the only game they have.
If the world loses confidence in the leadership of the United States, and the United States economy, the currency will suffer, interest rates will ultimately rise, stagnation and inflation will set in, furthering the weakness in the dollar as the citizens focused on the stock indexes scream for stimulus.
The winner will be Russia and the oil exporters around the world.
If there is a bigger and more focused reason for Russia and Putin to meddle I can't help but think it may be the price of oil.
On a side note: Have you noticed uranium lately?
Control risk,
gh
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