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The share price of American bank stocks took off like fizzing fireworks after Trump’s shock November victory.
Traders expect Trump to deliver an aggressive deregulation. During the last crash central banks cut interest rates from around 5 per cent to zero and bought up trillions of dollars of bonds and loans to stabilise the system.
He paraded himself as the worst nightmare of the corrupt big money lobby. Since vanquishing Hillary Clinton in November’s election Trump has, in fact, been the financial lobby’s wet dream.