Donald Trump Is a Lucky Duck


Donald Trump Is a Lucky Duck

Donald Trump’s administration is besieged by investigations, his executive orders are stymied by the courts, and his legislation is blocked up in Congress. But as the political news cycle oscillates between chaos and calamity, the financial news cycle is so relentlessly positive it makes this afflicted presidency seem downright charmed.
Just about anywhere you look, economic indicators are bright or brightening. The unemployment rate has been under 5 percent for all of 2017. Nominal GDP breached 4 percent annual growth for the first time in two years. Consumer confidence is near its highest level this century. The share of respondents who say …

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