Seems there is a bit of ruckus on the stock markets of the largest capitalist country in the world, the one with deepest of all capital markets. Donald Trump has decided to lay waste to the globalised, market-based world trading order, and return to the protectionist state of affairs that served the nation so well in the 1930s.
It would be foolish of me to join the army of talented prognosticators predicting a recession, unless it doesn’t happen, and the even braver ones who can see just how much each company’s earnings will be affected by the New World Trading Order, if the earnings indeed are affected. We do know that some enterprises will benefit from a future cowering behind tariff walls and some will be hurt by the increase of prices on the 40 per cent of foreign goods they need to do whatever it is they do.
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