“THE GOLDEN age of America begins proper now,” intoned Donald Trump at the beginning of his inaugural tackle on January twentieth. The enterprise world purchased the glittering talk, in anticipation of decrease taxes, much less crimson tape and buoyant American shoppers. Between election day in November and the swearing-in, the Russell 3000 index, which covers most of America’s public firms, rose by 5%. The ensuing $2.4trn in new shareholder worth was equal to the complete Indian stockmarket with two Mexican bourses thrown in. America was first. Nobody got here remotely shut.
