News Summary

• In the run-up to this second Trump term, there were a lot of predictions, assumptions, extrapolations, and truisms that turned out to be very wrong.
• The direst predictions of the Trump 2.0 era would not come to pass, if only because the richer-than-ever interests behind the scenes would simply say “no.” The corporate kings were certainly not able to operate as a unit to protect the systems that made them rich, even if their balance sheets are looking rosy for the moment.