Why Are Markets Ignoring the Obvious About America?
Why Are Markets Ignoring the Obvious About America?
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Just want to draw your attention to this particular passage:
A fourth possibility is that our assumptions about firms’ preferences for certainty, economic stability, and policy credibility are simply wrong. Not only can some market players capitalize on trading volatility, but, beyond that, the rise of a plutocratic, personalist regime in the US may bolster Big Business’s confidence in its ability to secure tax cuts and favorable regulation and enforcement. In this context, the pervasive uncertainty and chaos incited by Trump becomes a small price to pay for access to the king.
Karl Marx proven correct for the billionth time.