Trump is making Americans richer every day – he’s not even President: ALEX BRUMMER

Trump’s second visit has alarmed many leaders in the East and West of the United States.

Yet while American adults are scrutinizing their investment portfolios, Generation Z and millennials are looking to evaluate the returns on the Robin Hood episode.

base, it is impossible but there is no conflict.

Donald Trump’s alliance with fellow CEO Elon Musk, embracing deregulation and opting for laissez faire, hedge fund managers are blocking key economic pillars that make Americans wealthy.

The possibility that his tariff plan would be embraced would impoverish the American people and the country.

Trade wars raise the cost of living (barriers on imported goods are taxes) and disrupt the already distorted world trade system.

Time magazine has named the President-elect ‘Person of the Year’ for his ‘once-in-a-generation political reform’. Time has added economic and financial reform to the story.

Choices such as macro hedge fund professor Scott Bessent, appointed to lead the US Treasury, and Andrew Ferguson, head of the Federal Trade Commission (FTC), where he criticized for dealing with technology Great, Silicon Valley was happy.

British investors have something to cheer about. UK fund managers’ desire for Wall Street on the Square Mile is disappointing for FTSE 350 investors but surprising for those following the S&P 500 and the Nasdaq.

Not surprisingly, in the hours after Ferguson was elected, the Nasdaq hit a record 20,000 on Wednesday.

The outcry came from Google parent Alphabet, Microsoft and Apple – all of which have come under intense scrutiny since the departure of FTC chief Lina Khan.

Even if Trump doesn’t like Big Tech, – bar Musk – there is a belief that the upcoming anti-trust court case against Google, demanding that its Chrome search engine be banned, will be lost.

It is not surprising that Microsoft, Amazon and Meta Platforms, owners of Facebook and WhatsApp, are among the biggest winners.

Trump’s choice of Musk as ‘effective adviser’ comes with huge rewards.

Forbes magazine, in its latest billionaires list, estimates that the value of Musk’s businesses will increase by 71 per cent by 2024 to $440 billion (£345 billion) – due to he is actually richer than Amazon founder Jeff Bezos.

The value of pioneering EV maker Tesla was hit by 2024. But shares were at $419 last night, not far from their record high of £434. As for its rocket and its developer SpaceX, it is now worth £280 billion.

The £200million Musk spent on helping Trump win the election shows it was money well spent.

Is the $64billion question a question of whether the Trump-Musk summit has flown?

So far the chairman of the Federal Reserve Jay Powell has not chosen to follow his predecessor, Alan Greenspan.

At the height of the dot.com bubble in 1996, Greenspan expressed concern about ‘unfairness’. It took another four years for that bubble to burst.

But there should be concern that rising inflation, Trump’s tariffs and America’s debt above will lead to death.

Earlier this week, the Bank for International Settlements in Basel, Switzerland, warned that rising global government debt could strain the financial system. It may be time to fasten your seat belts.