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Wednesday, June 22, 2016

Trump Makes Top Ten of Biggest Threats to the Global Economy

Who says he's not a winner? The Economist has him at number three out of ten.

https://twitter.com/HillaryClinton/status/745291887448363008

For comparison, the possibility of a Brexit-they vote tomorrow-is ranked at eighth, and even a Grexit is just fifth.

Number four-in other words the thing that the Economist considers to be a slightly less dangerous-is the EU fracturing.

So the fracturing of the European Union, a 60 year project is less of a threat to the global economy than a Trump Presidency.

That truly is sort of impressive.

The media is making much of the fact that while Hillary leads Trump in the latest CNN poll, he leads her on the economy. Scott Sumner always says that there is no public opinion on economics and after this poll, it's tough to disagree.

The whole premise is that he's a brilliantly successful businessman. The only fly in that ointment is: he is not a brilliantly successful businessman.

"Tom Brown talks about how Erick Erickson likes to say that the Trump campaign was a vehicle for people who have failed in life to feel like they are winners."

This is actually something of a Trump Paradox.

An article in the Washington Post back in 2004 talked to a business analyst who observed that 'Those who know the least about business admire him the most, and those who know the most about business admire him the least.

But the damage he could inflict on the world economy-now that's impressive.

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