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An unpredictable America looks more and more like an emerging market
Stock markets are roaring, but political volatility and social tensions make some investors see the US as a risk to be hedged against.
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It is as if, over the past few years, America has become one giant emerging market – full of peril and promise but most of all unpredictability.
PHOTO: REUTERS
Rana Foroohar
Last week, as the United Nations General Assembly met in New York, I moderated an event with a group of well-known economists and foreign affairs experts on the effects of the US election on the future of multilateralism.
Everyone agreed that Donald Trump would be a disaster for global cooperation, and that Ms Kamala Harris was a bit of an unknown quantity.
