Two acronyms tell the story of Trump. One, coined by Financial Times columnist Robert Armstrong this month, is TACO – Trump always chickens out. The other, first reported by The Wall Street Journal last week, conveys investor sentiment about where to put money. It’s ABUSA – anywhere but USA.
theage.com.au
At debt’s door: US superpower is waning and Trump’s part of the problem
America spends more servicing its debt each year than it does on its enormous military. It’s a key sign of a great power in decline.