TechFlow news, November 14 — According to Jinshi Data, Trump will appoint Musk to lead a new Office of Government Efficiency. Ulrich Leuchtmann, Head of FX and Commodities Research at Deutsche Bank, pointed out that this would have disastrous consequences for the U.S. economy: "Musk does not believe in cautious, incremental approaches. I don't believe he'll take prudent steps. Some might argue their recommendations will only be suggestions, with the president and Congress still standing in the way of actual implementation. But if the proposals aren't going to be implemented, why create such an agency in the first place? The president would appear indecisive—exactly what Trump wants to avoid. The argument that a radical austerity program could boost the dollar is clever, as it would significantly reduce the U.S. Treasury's funding needs and thus lower capital requirements across the entire economy. U.S. Treasuries would become scarce again and grow more expensive. However, I believe the impact of an inevitable expansionary monetary policy response on the dollar could dominate in the early stages."
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
