It is different over there, of course. No fuel crisis, as they grow their own. Most of those with mortgages fix their rates for the whole term, for better or worse, so the Joe on the Street isn’t hit so hard. And they only have 3.6% unemployed, with lots of vacancies. So in theory, more reason to think that interest rates might bring down inflation and not cause a recession. Their stockmarkets seem to think so as they’ve gone up, which should be good news for our investors, most of whom have maybe a third of their funds in US shares. The truth is, however, that most economic policy is little more than a finger in the air and hope for the best. So who knows?
“Donald Trump is winning. Business, beware”
There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a business man himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it?
