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Category Archives: World Economy

Trumponomics

Now that we have seen the first acts as Trump in his position as president of the United States, the time is now to reflect on his economic ideas and first acts. Obviously, it remains unclear how Trump will fill in the rest of his presidency, but we already are able to have a glimpse of what Trump is going to do the following four years.

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Trump tweets Mexican Peso down

A group of Mexican investors have (jokingly) opted the idea that their government should buy Twitter. This may seem like a surreal trade, but the explanation makes sense. Since Donald Trump’s election as the 45th president of the United States in November of 2016, the Mexican government has spent a large portion of the national reserves on protective measurements for their national currency, the peso. The Mexican investors noticed a relation between the anti-Mexico tweets sent out by Donald Trump and the real-time value of the currency. The exchange rates took large drops for every tweet. The Mexicans said that the government would be better off buying Twitter, so they could stop Trump from tweeting, to eventually save the peso. This transaction would in the end be cheaper than all the protective measurements.