There’s a big, green, lovely smelling, tweeting, trump-like, financial elephant in the room….
The Trump effect of the rather disruptive 45th president of the United (in a) States of America on the greenback….
Despite my desire to feature signed dollars as part of my Trump outlet for creative expression I rarely understand the ups and downs on this global currency. Maybe you can add you penny / cents worth in comments at the end of this article?
Googling the news, I see the FTSE 100 has rallied, boosted by a weaker pound as US president Donald Trump’s first major policy speech to Congress and a hawkish tone from Federal Reserve policymakers sparked a rally in the dollar…..
Trump’s speech was typically light on new details, and failed to flesh out his claims last month that he was set to unveil ‘phenomenal’ tax policies. I’ve even checked his twitter account, it’s better than an episode of The Family Guy….
Get me LOIS!
Maybe one economic side effect of The Donald is that twitter shares will continue to go up in value? One thing is for sure, The 45th President Donald Trump has made Twitter one of his key speaking platforms, inspiring critics, traders, and supporters to follow the account avidly, trawling for clues on the administrations next steps. That’s great news for the ailing social media company whose stock has fallen over 72% since its all-time high in early 2014.
Twitter rarely valuable unless targeted : Trump = The World
Now thanks to Trump and his 24.4 million followers (15.1 million via his @POTUS handle), more Twitter users are using the social media site on a daily basis. Plus fair play though to him, he has he stuck to his economic growth rhetoric, reiterating a pledge to spend $1 trillion on infrastructure, and although offering no firm numbers on tax reforms, referenced ‘massive tax cuts for the middle classes’.
Pre him-getting-into power, one of the triggers for me to kindly ask him to sign the $2 and $1 bill for me on 19th May 2014 was to feature one of them in the Artwork ‘Top Trump$, Donald’ that was exhibited and sold at the 3rd Dubai $ Project, Heroe$ & Villains….
From Construction to Art
….Where I presented the work next to ‘Construction Overalls, Waaqaas’ honouring the often unsung foot soldiers of Dubai, honouring the my profession Construction and Civil Engineering….
‘I’m all about Queens Park Rangers, for some reason’ – Donald Trump*
Trumps building and development skills could perhaps be put to good use building ‘the wall’ as rumours are afoot that Pink Floyd plan to perform there in the ultimate WALL gig!
One savvy Art collector bough both originals together some 18 months ago, just as Trump announced he was seriously looking at standing for president. Thankfully I’ve kept hold of the signed $1 bill as the saga unfolds day by day, tweet by tweet!
Top Trumps, Donald featuring the signed bill and Top Trumps cards from 1977
A surreal meeting when he was in Dubai in May 2014 pre-launching the Trump Golf course and property development….
OK thanks, can I go and paint now please?
Trump also indicated he could support speaker of the House Paul Ryan’s ‘border tax’ plans, which he has previously labelled ‘too complicated’ unlike his social media policy…..
‘Follow me and I’ll have the CIA follow you’
‘Currently, when we ship products out of America, many other countries make us pay very high tariffs and taxes, but when foreign companies ship their products into America, we charge them almost nothing,’ he said. Those plans, if enacted could spark a further strong rally in the dollar.
From a humble Artist perspective I’m keeping hold of the signed $1 bill Kathleen Brooks, research director at City Index, said Trump’s speech had raised expectations for interest rate hikes from the US Federal Reserve.
‘Even if the speech did lack detail the president still wants Congress to pass a $1 trillion infrastructure spending programme, something he has a chance of getting through,’ she said.
Pocket change – Twitter share price since Trump started tweeting?
‘There was some expectation that Trump’s spending plans could be delayed for a year or so – the fact the president has laid them out at this early stage gives the Fed the green light to normalise monetary policy to counterbalance a boost to fiscal spending.’
A further boost to the dollar came from a hawkish tone struck by two Federal Reserve policymakers. New York Fed president William Dudley said the case for a rate rise had become ‘a lot more compelling’ and that ‘the risks to the outlook are now starting to tilt to the upside’.
Anyone else see my 245 yard drive?
San Francisco Fed chief John Williams meanwhile said a hike would receive ‘serious consideration’ at the next meeting. Investors rushed to price in a March interest rate hike following the comments. Money market futures now point to a 70% chance of higher US rates next month.
I’m going to hold the Trump $1 bill for now…..
Rather than just standing I watching I’ve honoured him as part of the 7th Dollarsandart collection, The Disruptives in a series of limited edition prints which you can click away and buy right here...
As dollarsandart is all about Art that tells a story this one certainly is unique; as the Donald Trump, marches on effecting the Dollar and twitter shares as he goes in a way that barely 18 months ago seemed a dream!
I’d value your opinion on this in the comment section – any Dollar / Social Media opinions most welcome during such surreal times!
NEXT ARTICLE THE ARTWORK : THE ELEMENTS
Next weeks article will cover the story behind the soil to oil inspired artwork painted in the boardroom of Asian Plantation Capital, Kuala Lumpur entitled ‘The Element$’ featuring acrylic and local banknotes on canvas.
Meantime if you’d like to get amongst it with a creative and change workshops don’t hesitate to drop me a line firstname.lastname@example.org, by pigeon carrier, telegraph, fax, phone, postcard, linked in message, billboard, loudspeaker or through channelling intentions of the highest order on your rich journey of self-actualisation.
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