Trump’s economy is booming, but is it hiding a rotten core?

The US economy shows no immediate signs of slowing down, but the acceleration of deficit spending is starting to become a worry

16th February, 2020
Trump’s economy is booming, but is it hiding a rotten core?
Tim Cook, chief executive, Apple, and US president Donald Trump; the stock market value of Apple has soared. Picture: Getty

At the end of January, a remarkable milestone was reached in the annals of corporate history. According to the Financial Times (FT), the stock market value of Apple, the technology giant, was higher at that moment than the value of the 30 largest companies that make up Germany’s Dax share index, combined.

In 1997, according to the FT, Apple was valued on the stock market at just a tenth of the value of Siemens,...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Vincent Boland: Triple pact reveals how a new Cold War between China and the West is now a reality

Vincent Boland: Time for a debate on the potentially dangerous blowback of buyback

Vincent Boland: Could one company’s fall trigger a property collapse in China?

Vincent Boland: As the beloved Merkel moves on, so too must Germany