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In the pause: One of the giants of the investing world expresses concern about Trump

“In matters of style, swim with the current; in matters of principle, stand like a rock.” ~Thomas Jefferson

In my ongoing pursuit to understand the strange economic climate that Mr. Trump is generating, I read this article about non-partisan investor Seth Klarman one of the most interesting reads as of late. (Hat tip to my friend, Alex, for sending it to me.) While the societal impact Mr. Trump is having garners most of the press and public opinion, what his leadership style and actions are doing, and will potentially continue to do, to our economy makes me increasingly nervous. Mr. Klarman has communicated the same fears.

Though the journalist who wrote this piece doesn’t share the entire contents of Mr. Klarman’s letter to his investors, he pulls out some of the most salient and relevant points. One point is that Mr. Trump’s protectionist trade policies, which he dubs as “America First”, are dangerous and historically have proven to be harmful to the U.S. in the long-run. Eventually, it will drive prices higher, harm all manner of relations with countries around the globe, comprise safety, and increase interest rates and inflation. For all those voters who said their number one reason for voting for Trump was that he promised to cut taxes, Mr. Klarman also views that as a short-sighted reason. These tax cuts could ultimately harm the U.S. because they have the potential to balloon national debt with rising interest rates and cause societal unrest by growing economic disparity. Essentially, they make the poor poorer and the rich richer. And that my friends, is a recipe for revolution that has toppled leaders, and at times entire governments.

I highly recommend reading this brief article but if you don’t have time, here’s the crux of it: buckle up, keep reading and discussing to stay educated on the issues, and don’t be a bystander. To borrow Mr. Klarman’s turn of phrase, be an upstander. Democracy needs each one of us, now more than ever.

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About Christa Avampato

I make a living in business and I make a life as a writer, artist, and yogi. I use my business and storytelling skills to build a better world. My first novel, Emerson Page and Where the Light Enters, will be published in the Fall of 2017 by Thumbkin Prints, a children's and YA imprint of Possibilities Publishing Co. My creative career has stretched across Capitol Hill, Broadway theatre, education, nonprofit fundraising, health and wellness, and Fortune 500 companies in retail, media, and financial services. In every experience, I have used my sense of and respect for elegant design to develop meaningful products, services, program, and events to help people live happier, healthier lives. A recovering multi-tasker, I am a proud alum of UPenn (BA) and the Darden School at UVA (MBA). When not in front of my Mac, I’m on my yoga mat, walking my rescue dog, Phineas, traveling with a purpose, or practicing the high-art of people watching. I am proud to New York City my home, and I've been called the happiest New Yorker by friends and strangers alike. They're right. Follow my adventures on Twitter at https://twitter.com/christanyc and Instagram at https://instagram.com/christarosenyc.

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So insanely honored to be part of the #wwatcreativityloop2 created by my inspiring friend and college roommate @writerswritingalonetogether. Fierce, fabulous, and talented, I can't wait to see what we create together. These pics are the package I received in the mail. Then I used this gorgeous poem as inspiration to create a work of my own to send on to the next person on the list. In these trying times, our imaginations and the ability to express ourselves in creative work keeps hope alive.

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