Many of the same people who hyped the election of Donald Trump to the White House as a huge boost for “American exceptionalism” now see the recent decline in US stocks and the dollar as a sign that this era of US dominance is under threat.
They tie this sudden turn to Trump, too. If it were not for the daily dramas in Washington, they seem to think, US markets would still be running away from the rest of the world.
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Financial Times
Ruchir Sharma is a writer and investor, and the author of four books, including most recently "The 10 Rules of Successful Nations". He is chairman of Rockefeller International.
