“Events, dear boy, events”, UK Prime Minister Harold Macmillan responded to a journalist when asked what is most likely to blow governments off course.
At the beginning of this year, Donald Trump was favourite to follow in the footsteps of the previous three Presidents and win re-election. However, events have since unfolded that put his re-election into serious doubt.
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James Carville was candidate Bill Clinton’s chief strategist for the 1992 election. When asked to emphasise the single most important issue to voters, Carville responded: “It’s the economy, stupid!” Incumbent President George W.H. Bush at that time had seen his poll numbers surge post the successful Operation Desert Storm in Kuwait, but at home the US economy had started to slip into a recessi… Read the article
“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.”
If that is the case then developed economies have not encountered any muggers, armed robbers or hit men for some time.
That quote came from Ronald Reagan, candidate for US President in the late 1970s, back when controlling inflation was one of the biggest challenges for governments and ce… Read the article
Senator Elizabeth Warren of Massachusetts has big plans. She dislikes the path the United States is on and wants to make fundamental changes to the economy. These plans include much tougher regulation of banks, a breakup of large ‘monopolies’ — her first sight is on technology companies — and also a healthcare system based on a single payer principle. Just under a year from the US President… Read the article