President Donald Trump’s efforts on trade are damaging America’s standing in the world, according to one of the United States’ top economic thinkers. “There is no question that we are, in my mind, weaker today than we were a month ago,” says Sam Rines, “when it comes to both our standing globally in trade, and our standing in terms of being the global leader of free enterprise and capitalism.”
Rines, senior economist and portfolio strategist at Avalon Advisors in Houston, Texas, gave RiskHedge Radio’s Jonathan Roth a blunt assessment of Trump’s ideas, while also addressing the Federal Reserve’s predicted interest rate hikes.
Despite a very uncertain economic forecast, Rines does see areas where investors should put their money. Find out what they are by listening to the full podcast, above.