Trump tried to get North Korea to bite and become a war, didn't work. He tried it with Iran, didn't work. So he tried to crush China economically and it really didn't work (trade imbalance grew; not shrunk with Trump).
Finally a virus. And all he had to do was nothing so it became a national emergency and he could then play savior.
This one is going to get away from him though. Don't know if anyone has been watching the USD versus every other currency, but essentially it is inflating. At an alarming rate.
This means US Exports have become too expensive to export. It means corporate profits coming into the US once converted are worth far less than before. It also means all those foreign countries (like China, Saudi) that hold treasuries have had their values inflated and earned hundreds of billions. Not only are they now worth more, but the yields they are paying are locked and are paying far more than what anyone else can now get - so they are worth even more AFTER calculating inflation that is taking place.
And it also means we are giving a real reason for other countries to abandon the USD as the reserve currency, and while every other currency required Foreign Reserves, we never did because we had the USD. There is horror on the horizon folks, and this administration won't be able to talk its way out.
Again, to harp, we were warned about printing forever in the US, and when the Fed tried to unwind the balance sheet, Trump simply spent more and lowered revenues (taxes), against the advice of virtually...everyone. The US is in a world of shit, more so than other countries.
We note the greats of history are the strongest just before they fall - like stock markets and currencies.
