Trump is making Americans richer by the day - and he's not even President yet: ALEX BRUMMER
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The second coming of Trump horrifies many East and West Coast US liberals. Yet when older Americans examine their retirement investment portfolio, and Generation Z and millennials review gains made on the Robin Hood share. platforms, they cannot but have conflicted feelings.
Donald Trump’s alliance with fellow travelling conservative Elon Musk, embrace of deregulation and choice of laissez faire, anti-regulation hedge fund managers to key economic posts is making ordinary Americans richer. The possibility that his tariff agenda may eventually be embraced could make US citizens and the country poorer.
Trade wars will raise the cost of living (barriers are a tax on imported goods) and fragment an already distorted global trading system. Business boost: Even before his arrival in the White House Time magazine has named the President-elect ‘Person of the Year’ for his ‘once in a generation political realignment’.
Time magazine has named the President-elect ‘Person of the Year’ for his ‘once-in-a-generation political realignment’. Time might have added economic and financial realignment to the citation. Choices such as macro hedge fund guru Scott Bessent, nominated to lead the US Treasury, and Andrew Ferguson, to head the anti-trust Federal Trade Commission (FTC), where he has dissented on actions against big tech, delighted Silicon Valley.
