When I woke up this morning and saw that Trump was winning I felt a bit scared.
In his first speech, the first thing he did was congratulate Hilary, I find that reassuring, of course its just a platitude, but he could have said he was going to finally get to the bottom of the emails, or he was going to investigate Benghazi, he choose his first remarks to move away from "lock her up".
His second comment was about his plans for infrastructure spending, this is the low hanging fruit for the US economy, it will improve productive capacity in the long term and provide employment for mostly blue collar workers in the short term. It may even stoke inflation, which will annoy deficit hawks but might be a good thing too.
He has opposed trade deals during the campaign, no mention of that in his first speech. If he spends money building infrastructure, and creates employment his campaign position on trade may well be forgotten. After all Hillary admitted to having a public as well as a private position on trade. Trade brings wealth, Trump knows that. Expect to hear very little about trade deals being rolled back.
The stock market sell offs this morning are a good buying opportunity. There will be a major swing back to US stocks, for sound economic reasons as I have outlined, and for Trumps sheer optimism.Yes he campaigned in pessimism, but he will govern in optimism.
As I have said here before, he is less confrontational toward Russia than the US mainstream, this is a position I have always agreed with. I think with a President Trump we face less risk of WW3 than we would have done with a President Hillary Clinton.
I described him previously as a racist, misogynist bully. He certainly portrayed himself as that during the campaign. I hope he does not govern like that. We all, all men at least, know someone in the pub or the football club or just at work who thrash talks women, many of those men are decent people who respect women in their real lives. I have never understood the need to denigrate women, but I have observed that many men who do so in "locker room talk" actually live in a different manner.
Lets hope for the best.