Doug Pollitt: Like his businesses, Trump administration promises the dull pangs of regret

Section:

11:21a ET Saturday, November 19, 2016

Dear Friend of GATA and Gold:

In this week's market letter for Pollitt & Co. in Toronto, Douglas Pollitt writes, "If you are a creditor, the last person you want to see on the other side of the table is Donald Trump. ...

"If there were a central theme in Trump's campaign it was that the dollar was too high, unfairly benefiting trading partners. 'You see [devaluations] almost everywhere except for the United States,' he told CNBC back in March. 'We do nothing about it. We just sit back and let everybody do it. And that's getting to be very dangerous.' On the same program, he even broached the possibility of default: 'I would borrow, knowing that if the economy crashed, you could make a deal.'"

But adding that no one can know if Trump is serious, Pollitt predicts that conflicting agendas and and Trump's indifference will tie his administration into knots, even as world trade can never be fair as long as one country runs the world reserve currency.

Pollitt's letter is headlined "And the Dull Pangs of Regret" and with his kind permission it's posted at GATA's internet site here:

http://www.gata.org/files/PollittMarketLetter-11-16-2016.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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Company Announcement
August 17, 2016

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For the remainder of the announcement and highlights of the 2015 drill program:

https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...



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