Donald Trump is going into next months mid-terms with a huge uphill fight with the bookmakers saying the House and Senate are already lost. If there’s one factor weighing the hardest on his prospects it’s the standard of living issues, similar to at home, and especially surging fuel costs – although it’s still ~60% cheaper in the US than Australia.
- When the US-Iran conflict ends we’re likely to see a pop in equities, but it currently feels like Iran is enjoying the pressure it’s bringing to bear on President Trump.
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US Fuel Prices under Trump -2 – Source: Bloomberg
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US Fuel Prices under Trump -2 – Source: Bloomberg
