How American bankers dodged the MAGA carnage
The masters of the universe have escaped an anti-globalist revolt
Wall Street was poorly represented in the expensive seats behind Donald Trump at his inauguration. That honour fell instead to the leaders of America’s technology industry, who turned up en masse. Was this a humbling exclusion? Not quite. Whereas Silicon Valley travelled east to avoid retribution, Wall Street stayed away because it expects none.
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This article appeared in the Finance & economics section of the print edition under the headline “Bulletproof bankers”
Finance & economics January 25th 2025
- The Arctic: climate change’s great economic opportunity
- China’s financial system is under brutal pressure
- How American bankers dodged the MAGA carnage
- Has Japan truly escaped low inflation?
- Saba Capital wages war on underperforming British investment trusts
- European governments struggle to stop rich people from fleeing
- Do tariffs raise inflation?
From the January 25th 2025 edition
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Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful
China’s financial system is under brutal pressure
When will something break?
The Arctic: climate change’s great economic opportunity
An enormous prize is on offer. When might it be grasped?