I reminded my wife, this morning, about who won and who lost in the 2008/9 financial crisis. The overwhelming majority of the gains made in the ensuing rebound inured to the benefit of the wealthiest Americans.
It’s half-off day on Amazon, but you have to have an AmEx Black Card to play.
And I do believe that technology makes that more readily available to the well-heeled by an order of magnitude or more than post-'08/'09.
Also, let’s say Trump’s Mafia tactics do convince some businesses to dump massive CapEx back into domestic production. The Cost Of Goods Sold will either be dramatically higher (eg, labor rates, environmental regulations) or Trump will make manufacturing a domestic endeavor with all the charm of an emerging nation (low-wage labor, an environmental catastrophe).
And anything that tends to ratchet up those costs of domestic manufacture will surely amplify the clarion call of those same old emerging markets again – where you can kill our kids in your factories and just dump the bodies and your toxic waste in the Sparkletts water bottle!
The Rust Belt of America is my cite – the bombed-out carcasses of when America was a manufacturing powerhouse.
Because the next President – Og willing – may very well not be Donald Trump.