Trump won because Americans feel poorer
Trump won because Americans feel poorer
What is impossible to predict now is what the re-elected President will do to make life better for economically struggling voters.
What a verdict. The dollar shot up to its highest level for four years, Wall Street hit record highs while bitcoin scaled new peaks after Donald Trump clinched the presidency in a stunning landslide gaining the most electoral colleges, the largest share of the popular vote by a Republican candidate for twenty years as well as a majority in the Senate and probably the House too.
Trump is also only the second president in US history - after Grover Cleveland in 1893 - to be thrown out of the White House only to later win a second term. If that’s not a historic quadruple-whammy of epic proportions then even President Trump might eat his MAGA hat.
Why, then, did the pollsters and just about every commentator - who predicted a much tighter race and a thin victory for VP Kamala Harris - get the US election result so utterly wrong? Only the betting markets - as I’ve written before - were more accurate in their predictions, with odds on a Trump victory.