RE: Now the holiday is nearly over30 Dec 2018 19:05
If only it were. Years ago there was a TV programme "Your life in their hands"
Reading Jeremy Warner in the Telegraph it seems there are concerns about :
From Saudi Arabia’s Mohammed Bin Salman to the Élysée’s vainglorious mini Napolean, Emmanuel Macron, and Russia’s tyrannical Vladimir Putin, not to mention our own rudderless Government here in the UK, we live in a world led by megalomaniacs, political pygmies, chancers, liars and ignoramuses. But topping the lot in recent weeks with his increasingly unhinged antics has been one Donald Trump.
As a US president who seemed to talk some common sense and had a halfway decent tax reform agenda to promote, it was initially possible to give Mr Trump the benefit of the doubt, despite his less than statesman-like demeanour.
Yes, his style was unconventional and iconoclastic, but wasn’t that what people voted for? And anyway, the upper echelons of the administration were to be filled with more stable, middle of the road conservatives who would ensure that whatever the new President might tweet, wiser counsel would eventually prevail.
Virtually all of those restraining voices have now fallen by the wayside, culminating in the departure of James Mattis as Defence Secretary just before Christmas. As time has worn on, the administration’s underlying characteristics - chaos, stupidity and recklessness - have become ever more apparent.
Investors are only just beginning to wake up to this grim and unsettling reality. Stock markets have admittedly recovered a little since the pre-Christmas sell-off, but if ever there was a dead-cat bounce - market parlance for a less than convincing rally - this looks like one of them.
The final straw was a reportedly classic Trump temper tantrum in which the US president apparently threatened to fire his own appointee as chairman of the Federal Reserve, Jay Powell, for daring to raise interest rates.