Trump making Australia great again

[Torto]

Not only is he saving America, he's saving the world.

Australia’s economy is set for a Donald Trump kick start, a leading global bank has declared.

Despite fears before his election in November that Trump would cause a meltdown in the US economy, HSBC says Americans and the globe are set to benefit.

The bank has upgraded its global growth forecast for the first time in four years amid signs Trump’s tax cuts and spending spree will trigger an upswing.

His protectionist trade policies represent the biggest potential windfall for Australia, because when and if he makes good a promise to put up the trade wall on China, our commodities will ride a wave of inflated demand.

“We think the likely policy response from China would be more infrastructure spending ... which is good for Australia,” HSBC’s chief economist in Australia Paul Bloxham said.

The bank says the jump in global equities and the US dollar on the back of Trump’s election is justified, saying his policies will boost US households and companies. The optimistic outlook has prompted HSBC to upgrade growth forecasts for America and the globe in its latest quarterly report.

http://www.dailytelegraph.com.au/bus...2a96ac4c85ab9c

I hope he never gets tired of winning!

[jugzilla]

Kind of reminds me of Obama winning the Nobel Peace Prize before he did anything. #MAGA

[thilicen]

These guys are gonna look like right clowns if Trump doubles back on something, which let's be honest is about as likely as an ice cube melting when thrown into a volcano.

[Torto]

And for the brexit fans:

British economy world’s strongest after Brexit

Britain ended last year as the strongest of the world’s advanced economies with growth accelerating in the six months after the Brexit vote, it was revealed overnight.

Business activity hit a 17-month high last month, meaning that the economy grew by 2.2 per cent last year — more than the six other leading nations, including the US, Germany and Japan.

Far from slowing after the referendum in June, as predicted by the Treasury and Bank of England, growth appeared to have improved. GDP grew at 0.3 per cent and 0.6 per cent in the first two quarters of last year, compared with 0.6 per cent and an estimated 0.5 per cent in the final period.

Andrew Haldane, chief economist at the Bank of England, suggested that economic forecasters were facing a “Michael Fish moment” over their mistaken predictions, referring to the BBC weather forecaster. Mr Haldane, comparing the profession’s failure to spot the 2008 recession to Mr Fish’s infamous assurance of “no hurricane” on the eve of the great storm of 1987, said: “It’s a fair cop to say that the profession is to some degree in crisis.”

He also admitted to shortcomings in pre-Brexit predictions, saying that “the data has surprised to the upside”.

[Kaleredar]

So basically, the article states that if Trump puts up a trade wall with China, which is a major source of both US import AND export (meaning the US makes a great deal of money off of trade with China) in a unilaterally spiteful move that will ultimately likely ultimately hurt the US economy, Australia "might" be able to shine up and become a stronger trade partner with the US? (meaning trump will have to flip-flop in his isolationist trade policies anyway)

Somehow I don't think that's going to happen, Trump's neck-fold waddling aside.

Do you do more than read head lines?