There appears to be a bizarre disconnect between the surging U.S. stock market and the sad state of American politics. Winston Churchill supposedly quipped, “Americans at all times do the proper thing, after they’ve tried every part else.” But in light of the approaching rematch between incumbent President Joe Biden and former President Donald Trump on this yr’s U.S. presidential election, Churchill’s remark needs adjusting: Americans, apparently, do the proper thing only after they’ve tried every part else twice.

What explains…

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