When the US starts resembling an emerging market

Political risk and volatility are on the rise as the country's divisions begin to deepen

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I used to scoff at colleagues who, following the election of Mr Donald Trump, predicted that the United States would some day splinter into separate states.

I am not laughing any more.

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A version of this article appeared in the print edition of The Straits Times on July 13, 2022, with the headline When the US starts resembling an emerging market. Subscribe