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The political economy of Trump’s luck
Those who are bearish on US democracy should not extend their pessimism to the economy.
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Those who lightened their US equity portfolio when President Donald Trump took office in January have missed out on a nearly 19 per cent rise in the S&P index since then, says the writer.
PHOTO: REUTERS
Edward Luce
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US President Donald Trump’s ill-wishers often reassure themselves that his health will fade soon.
A PhD could be had from analysing the cottage industry that for years has been predicting Mr Trump is about to keel over, or has finally lost his mind. Yet the 79-year-old is still going in roughly the same way.
