President Donald Trump continues to tout the success of the economy under his administration, disregarding deficits and pushing for ever lower interest rates. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Trade war, rate cuts, huge deficits – Trump gets away with it thanks to the US’ ‘exorbitant privilege’

  • Globalised finance means capital flows into the US in times of uncertainty, even when the US causes that instability. Investors should question whether the US’ budget-busting is sustainable

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President Donald Trump continues to tout the success of the economy under his administration, disregarding deficits and pushing for ever lower interest rates. Photo: AP
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