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,...

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