Thematic Markets

Thematic Markets

Share this post

Thematic Markets
Thematic Markets
Leitmotif 1: The elephant in the room

Leitmotif 1: The elephant in the room

Trump 2.0 may be nothing like Trump 1.0; both he and the world have evolved

Marvin Barth's avatar
Marvin Barth
Jan 14, 2025
∙ Paid
1

Share this post

Thematic Markets
Thematic Markets
Leitmotif 1: The elephant in the room
3
Share

President Trump is a bundle of paradoxes. He is both a risk mitigator and instigator. He is the Republican standard bearer but is not a Republican. Nearly every insider in Trump 1.0 described him as ignorant of and uninterested in policy yet, as I described in You say you want a Revolution..., he campaigned for Trump 2.0 on a detailed platform of radical reform of the entire American system of governance and policy. Most ironically, despite being better known, Trump 2.0 may be more uncertain that Trump 1.0 due both to changes in Mr. Trump and his administration and changes in the world around them.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Thematic Markets, Ltd
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share