Previous post Next post

Cool Video: Making Sense of the New Administration

Marc Chandler In Bloomberg

Marc Chandler In Bloomberg

I was on Bloomberg TV earlier today, chatting with David Gura about how to try to make sense of new Trump Administration.   I suggest that the decision-making style and practical concerns have created two wing to the Administration.

There is a populist-nationalist wing that is home to America First ideas.  The other wing is much more rooted in American political tradition.  Many things, for example, that Treasury Secretary Mnuchin has said could have been said by former Treasury Secretaries, including Jack Lew,the last Treasury Secretary under Obama.

Syria’s use of chemical weapons violates international agreements.  Previously, Trump had warned several times that it was not in the US interest to get involved in Syria militarily.  Saying that the US does not seek regime change may have been a powerful signal to Asaad and and Russia.  It may embolden them to test Trump’s resolve.

David Gura used the Washington Post’s David Ignatius piece to tee off our discussion.  Ignatius claim that the strike on Syria is a victory for Trump is strange to me.  The strike does not change the facts on the ground.  Reports suggest the airfield is back in use.  Ignatius claims the strike was generally praised at home and abroad.  However, he left unsaid, was that many foreign officials, especially in Europe were more afraid of US isolationism, which a wing of the Trump Administration seems to advocate, than US unilateralism.    It seems naive to think that Russia withdraw support for Assad. Rather than a success, the missile strike in Syria shows that there is not well thought out strategy.  That is what is needed.



Full story here Are you the author?
Marc Chandler
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.
Previous post See more for 4.) Marc to Market Next post
Tags: ,

Permanent link to this article: https://snbchf.com/2017/04/chandler-trump-administration/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.