Donald Trump conjured this crisis. Only he can save us from it


Source: theglobeandmail.com theglobeandmail.com

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The world’s financial markets are currently consumed by a singular, vital question: Just how reckless is Donald Trump? It’s why we see the stock market euphoric over the slightest bit of White House news that isn’t completely bonkers. This past week, the S&P 500 index rose by 7.1 per cent over four trading days. Moves that big are rare and tend to happen only when markets are bouncing back from some long-term economic disaster. The catalyst this time was the President backing off threats to undermine the independence of the Federal Reserve, which is part of the bedrock of US$30-trillion...