This strategist thinks the LA riots may actually be ‘very bullish’

US Marines head for downtown Los Angeles in a once-in-a-lifetime show of White House force. President Donald Trump threatens to arrest the governor of America’s largest state, who has just sued the federal government. And the pictures of violence keep flooding the global media.

At first glance, it all seems very dramatic. And as we said on Monday, there is a serious economic issue here: Trump’s anti-immigration stance is choking off the supply of new workers into America’s labour force, threatening to push wages higher, keeping the US Federal Reserve on the sidelines, and create a negative supply shock that heaps further pressure on the US dollar. 

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