Libertarian investor Doug Casey (like myself) predicted that Donald Trump would win. He expects the administration to encourage resource development and reduce regulation, but says Trump lacks an understanding of basic economics. You have to like Trump, since the creatures of the swamp in Washington D.C. seem to hate him so viscerally. However, he may continue the foreign policies of his predecessors. Doug, like me, thinks a stock market sell off is still likely considering the many distortions and misallocations in capital that exist. He is concerned that Trump could be the next Herbert Hoover, and that he may be painted incorrectly as a free market guy.
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