What happens to US economy and the World economies over the next five years – what’s the effect on dollar, stock and real estate?
Fred Day
Apr. 17, 2008

Things are happening on the political side that will determine the future of US economy and the World economies over the next two years. Protectionist and populist sentiments run strong among Democrats in three states holding presidential primaries, showing why the campaigns of candidates Hillary Clinton and Barack Obama are moving in those directions.

There is more than 60% chance that democrats will take over the Whitehouse and the legislative branch of the US Government. It is possible that a landslide victory will greet the democrats in November. If that is the case, that has a major impact on the probable direction of the US economy and the world economies.

US protectionism will (at least temporarily) boost the US Dollar, US economy and the trade deficit. It will also make the rest of the world economies collapse in real terms. Obama and Clinton, who are competing for the combined 406 delegates in the three states, have bashed free trade, promising to slow new agreements, renegotiate existing ones and punish China, with which the U.S. had a record $256 billion trade deficit last year.

As US closes the door to easy trade and dumping by Asian and other countries, the commodity prices will collapse, dollar rise, oil come down, gold fall below $700 an ounce, US GDP growth above 3%, and a decisive drop US trade deficit.


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