What Kind of President Will Trump Be?

The transcript discusses the market's reaction to Trump's election, analyzing his policies and their potential impact on deficits. It highlights challenges in regulation and legislative processes, debates on free trade, and the importance of education in workforce development. The discussion concludes with strategies for Trump to reassure markets, emphasizing the role of the Federal Reserve.

What was the initial market reaction to Trump's election?

• No noticeable change

• A significant drop with no recovery

• A knee-jerk reaction followed by recovery

• A steady increase in stock prices

What is a potential downside of Trump's proposed policies?

• Increased infrastructure development

• Larger fiscal deficits

• Stronger defense capabilities

• Decreased government spending

What is a legislative challenge Trump might face in implementing his policies?

• Inability to appoint a Treasury Secretary

• Lack of support from the media

• The need for a 60-vote culture in Congress

• Opposition from international allies

What is a misconception about free trade mentioned in the transcript?

• Free trade is a theoretical concept

• Sanctions are a form of free trade

• Free trade exists globally without restrictions

• Free trade benefits all countries equally

How does the transcript suggest addressing the issue of an uneducated workforce?

• Increasing government control over education

• Implementing school vouchers and private education

• Reducing education funding

• Focusing solely on public education

What is a suggested strategy for Trump to reassure the markets?

• Fire Janet Yellen

• Reduce government spending

• Fill vacancies on the Federal Reserve Board

• Increase tariffs on imports

What role does education play in the context of global trade?

• It reduces the need for trade agreements

• It has no impact on trade

• It increases tariffs

• It helps in retraining displaced workers