The latest strategist to step into the pro/anti-Trump fray, is one of the original permabears, SocGen's Albert Edwards, who in a Thursday note sided with Dan Loeb, and wrote that while the Donald Administration "might be a neo-liberal nightmare" if one strips away some of his more controversial rhetoric on immigration, "a lot of what he says on the economic front makes perfect sense to me."
Edwards is also happy that unlike his predecessors, while crass and unpolished, Donald Trump continues to arouse "as much passion in office as he did on the campaign trail" and while one can "agree with him or not, unlike most politicians he seems determined to actually enact the things he promised the electorate." That said, Edwards points out something we warned back in November, namely that while until the last couple of weeks "the markets had embraced only the ?good? bits of his campaign rhetoric", only now are they reappraising, among other things, the likelihood of a trade war, with the Administration turning on Germany."
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