US President Donald Trump speaks during a news conference in Singapore on June 12. Photo: Bloomberg
Macroscope by Nicholas Spiro
Markets have normalised Trump’s behaviour – which means they don’t realise the risks
Nicholas Spiro says the president’s unusual behaviour on trade, alliances and North Korea do not appear to be making investors more hesitant. This could be the result of his tax cuts, but could also be due to desensitisation, leading them to not appreciate the danger
Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.