Monday, March 20, 2017

Perceptions Influencing Confidence and Unexpected Trends In the Dollar, Gold, and US Stocks

Perceptions play a big role in defining confidence. If foreigners perceive risks in traveling to the US, tourism and consumption will take a hit eventually. While the travel band may have yet to impact US economic activity, it certain will when the global economy and rising dollar, trends that the majority doesn't believe will not continue, pushes it down. The unintended consequences of ill-conceived economic and social policies will reinforce unexpected trends in the dollar, gold, and other key private sector assets.

Headline: Travel ban, strong dollar seen putting damper on U.S. tourism sector

FRANKFURT, March 20 (Reuters) - Travel and tourism's contribution to the U.S. economy will grow at a slower pace this year than in 2016 due to a strong U.S. dollar and a perception that the country is less welcoming to foreigners, the World Travel and Tourism Council (WTTC) said.

U.S. President Donald Trump earlier this month signed a revised executive order banning citizens from six Muslim-majority nations from travelling to the United States, which some have warned could deter visitors.



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