Jonathan Last: “The United States economy has been the center of global finance for 80 years for one simple reason: Year in and year out, we have been the safest place to do business. The ground rules remained constant and when they changed around the margins, they did so slowly and transparently.”
“Investing money is always risky—but America had the lowest level of risk on the planet.
Our government, legal system, and business community worked hard to make that happen and the rewards we reaped for it were tremendous.”“Donald Trump destroyed 80 years of that work over the last week. America is now a risky place to do business. A place where the rules change from day to day. Where no business can trust in the sturdiness of its long-term plans or count on its revenue projections even for the next quarter.”
“This abstract problem is going to create real-world economic hardship.”