Toshio Matsuda, Samurai Lecturer, Commentator & Intl Economist
(This issue is submitted to a Washington D.C., Seattle, and Zurich think-tank as the English edition of “Straight from Shoulder”.)
"Straight from the shoulder " by Toshio Masuda-Samurai Lecturer
Above is on those facts and my imagination
( Free of charge to the people I met)Another win for Donald Trump means FTSE = 10,000 and Dow Jones = 40,000 before November 2020.
Support enjoyed by Donald Trump is based on share prices.
In order to win the next election, in November 2020, Trump must secure for himself the co-operation of FRB (Federal Reserve Board).
In 2018 President Trump asked Jerome Powell, the Chairman of FRB, to stop raising interest rates. Ignoring this request Powell went on and raised the rates four times in just one year.
At the end of 2018 Powell brazenly announced his intention to raise the rates 2-3 times in 2019.
This infuriated Trump to the extent that he asked White House staff to find any legal instruments that would make it possible to remove Powell from FRB.
Around that time I wrote in my newsletter that Trump and Powell are fighting each other during day, but climb into the same bed at night.
As I anticipated, following their pillow talks Powell, who talked loudly about raising interest rates, had instead lowered them three times in 2019.
Share prices depend on interest rates and on quantitative easing that are both in the hands of FRB.
So for as long as they continue sleeping in the same bed, the Dow index will go up to hit 40,000 and FTSE index, following the Dow, would raise to 10,000.
I know you don’t like Trump but I also know that you like making money on stock markets.
You say “I hate Trump” but you tend to support him, against your heart, for purely financial reasons.
So don’t follow your heart - follow the money that you and your family need!
Have a nice day.
Samurai Toshio Masuda
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Written by Toshio Masuda