As Asia braces for the great “Trump trade” adventure of 2025, the lessons from 2024 are fast piling up.
The biggest lesson is how terribly the inflation-is-transitory trade worked out for investors. And for voters and world leaders who don’t relish a Donald Trump 2.0 presidency.
The US inflation surge has many fathers — from post-Covid supply chain disruptions to excessively low interest rates to an explosion of over-the-top government stimulus. But Trump’s reelection is the mother-of-all side effects from fiscal and monetary policies run amok.
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