Donald Trump's style may be direct and unpredictable, but the rediscovery of a belief in leadership should help boost animal spirits, consumer confidence and the economy, argues Richard Woolnough, manager of the M&G Optimal Income fund.
The world will soon turn to the inauguration of Donald Trump. For at least the next four years, global investment markets will be focusing on his presidency. This is always the case when a new president takes over the reins of the most economically powerful country in the world. But why does it feel more important this time? Firstly, political deadlock has been broken. For the first time since 1928, the Republicans have the White House, the Senate and the House of Representatives. Therefore, government policy is more likely to evolve from gradual to radical. Why President Trump will b...
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