The yuan fell to an 8-1/2-year low in November and has dropped 6% against the dollar so far this year despite the government’s efforts.
Assuming much of Trump’s fiscal plans get passed in the first 100 days in office, the back-of-the-envelope estimate for 2017 would be: $616 billion baseline deficit,...
It’s less likely that Trump’s “Morning in America” will be as favorable for stocks give today’s lofty PE’s.