Because donald Trump will remain the US President, bSE member Ramesh Damani painted a grim picture for global investors ahead of the US midterm elections, as he said global markets can’t expect a good outcome even if the Republicans perform poorly.
In the session titled Markets vs Trump’s Tantrums, Damani said the world prospered because the US adhered to a rules-based system. With tariffs, Trump has been killing the goose that lays the golden egg, he said.
“My feeling is that come November 3rd, when the elections are due, there is no good outcome for global markets or for global players. This man, the president of the United States, has been an unchecked power in the last two years. He will remain there. He will be answerable to nobody out there. “What Trump is trying to do by introducing tariffs and talking down to people is basically killing the goose that lays the golden egg. Let’s assume the other side, let’s assume that as the polls say, the Democrats will win. I think the first threat that I see, and there are already some indications of that, is that we are headed to a constitutional crisis in America. By that, I mean that he may refuse to cede Congress. That doesn’t work like that in democratic politics,” he averred. “He still is the commander-in-chief in America, and Benjamin Netanyahu will be the prime minister for the next three months or so before a new government is possibly sworn in there. And they’re going to attack Iran. It seems pretty obvious to me that they will attack Iran.
Because let’s take the case that Trump wins; let’s assume that against all odds, the Republicans win or remain in control out there.
He will be an autocrat completely,” he said at NDTV Profit Ignite. He’s already said that in Alaska, that if the Republicans win, it’s a fair election; if the Democrats win, I want to recount. What they haven’t been able to win at the ballot box, they’re going to try and win on the battlefield,” he said.
