Invited to discuss the economic implications stemming from Donald Trump’s invasion of Venezuela, former Wall Street banker Stephanie Ruhle told “Morning Joe” co-host Jonathan Lemire that the president’s actions should have investors rethinking the long-term financial impact on the world’s markets.
Ruhle, who hosts MS NOW’s “Eleventh Hour,” claimed Trump has opened the door to China to take provocative chances now the U.S. stance on assuming control of another country — as Trump has boasted — has radically changed the calculus.
Noting that Wall Street analysts and American oil companies are already evaluating what there is to gain from the Venezuela occupation, she said they are mistakenly looking at “short-term gain,” and then warned, “Welcome to the jungle.”
“Because if you look at Chinese social media over the weekend, what is the top topic?” she asked. “Well, if this is what the United States can do, if they can ignore international law, could we? Is the next step going to be China and Taiwan?”
“So from an investing — the way the banking, the financial world is looking at this, sure, now there can be a boom, there could be great opportunities in Venezuela if things go as Trump plans, and that is a big if, “she added with a smirk.
“On the other hand, what’s to come? So many shoes are about to drop,” she elaborated. “We’re two weeks away from Davos, and the average viewer can say, ‘Who cares about this elite brouhaha?’ But Davos is about, here are all of these political and business and world leaders coming together and how do we create the greatest, strongest, most cohesive world together. Trump has just pulled the biggest strong man move out there — who knows what these conversations are going to look like.”
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