This cannot go on forever
Whether you’re feeling queasy or euphoric, or even a bit of both about the opening weeks of the second Trump presidency, my advice is to remember Stein’s Law. Richard Nixon’s former chief economic adviser, Herb Stein, declared: “If something cannot go on forever, it will stop.” I’ve found this to be a valuable, if obvious, insight for the stock market, depressed teenagers and, of late, political junkies. For those who follow such things closely, the sheer pace and audacity of Donald Trump’s opening gambits have breathed new life into cliches such as “drinking from a ...