Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Unleashing the Energy Economy

December 8, 2016 By Debbie Young

With Donald Trump’s announcement that Oklahoma Attorney General Scott Pruitt is to head the EPA, perhaps the present administration’s war on fossil fuels is about to end. Yesterday, the stock market spiked almost 300 points (from the Manhattan Contrarian).

Now I for one am very hopeful that Trump will succeed in giving a real and immediate boost to the economy.  As just one example, the announcement today of Oklahoma Attorney General Scott Pruitt to head EPA is a terrific signal that the war on fossil fuels is about to end and the energy economy unleashed.  And the stock market took off and went up almost 300 points.

But what does this mean for the trade deficit?  Of course a rapidly expanding U.S. economy means that the trade deficit is likely to increase, and maybe by a lot.  Here is a post on the subject from yesterday by Mickey Levy of Berenberg Capital Markets.

For now, the expectation is that the boost in economic activity from likely tax reform, infrastructure spending and an easing of burdensome regulations will stimulate stronger economic growth while increasing the demand for foreign goods and widening the US foreign trade deficit.

And really, if you think about it, Levy is highly likely to be right.  An expanding U.S. economy means more demand by us for imports, and an expanding world economy means more need by them for a growing money supply.  Month by month the trade deficit could bounce up or down, but over a time horizon of quarters or years it will be highly likely to increase, and maybe by a lot.

Relax!  This is a good thing!

Trump fills more positions, including Homeland Security and EPA heads

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Chasing Windmills
  • The Trump Economy Going Strong
  • The Energy Evolution
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • President Joe Biden’s Good Question - May 25, 2022
  • Biden IGNORES Americans’ Pain at the Pump, Touts “Green Transition” - May 24, 2022
  • Our Daily Bread Threatened? - May 23, 2022

Dick Young’s Must Reads

  • “I’ve Got Guys Buying Guns/Ammo for Me All Through the Night.”
  • Robo-Advisors: When You Have a Lot More to Lose than Money
  • Concentrate on Dividend Record and Compounding
  • Marry Compound Interest, Divorce Market Timing
  • How Can You Maximize Natural Immunity to Viruses?
  • Paris, The Palace Hotels: Part I
  • Escape From the City: You’re Going to Like What You See
  • Democracy & Diversity: Not In the Constitution
  • “The Great Object Is that Every Man Be Armed”
  • A Look at the Future of Main Street America

Disclosure

RSS Youngresearch.com

  • Nowadays, Everyone Is Getting Some Dividend Religion
  • How Can the Fed Prevent Stagflation?
  • How to Avoid the Restrictions of a Target Date Fund
  • Now You Can Own Your Vacation and It Doesn’t Have to Be a Time Share
  • Watch Out for Your Worst Enemy
  • Big Banks Adopting Blockchain for Short-Term Trading
  • Job Market Survival Advice for Graduates and for Those YOU Love
  • BULLWHIPPED? Inventory Overhang Could Slow Growth in Certain Sectors
  • BUY THE DIPS? Can You Catch a Ginsu Knife?
  • MARKET TURNING: Canada’s Housing Market Turmoil

President Joe Biden’s Good Question

Georgia Proves All Politics Are Local

VIDEO: DeSantis: America “Cannot Have a Ministry of Truth”

Can America Cut It’s Spending in Half? YES! It’s Been Done Before

Joe Biden Stands for Shootings, Pension Wipeouts, and Millions of Illegals

Harvard Professor Calls Homeschooling a “Threat to Society”

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives