Roger Arnold is the chief economist for ALM Advisors, a Pasadena, Calif.-based money management firm specializing in income-generating portfolios. Concurrent with his other business responsibilities, Arnold was a radio talk show host for 15 years. He focuses on behavioral economics and chaos theory, better known as the "butterfly effect." He explains the relationships between political, economic and social systems, and how they are all reflected in the financial markets -- stocks, bonds, commodities, currencies and real estate.

What the Trump team sees as currency manipulation is really a breakdown on the U.S. side.
Traders, investors see demand as a function of confidence rather than capacity.
In essence, Congress is telling Trump he's going to have to lie to them if he wants them to pass his budget.
Cuts in fiscal spending and corporate taxes aren't stimulative in an economy that lacks demand.
What's propelling their stocks higher may soon come back to bite them.
The industry should stand to gain from the Trump administration.
Energy, technology, debt and demographics should not be considered independent of each other.
An increasing percentage of the population is no longer economically viable.
Problem is getting worse, with little public discussion.
For the average investor, this represents a store of value for hedging other investments.

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