Monday Macro – explaining the American paradox: anti-core inflation and the Top Third vs booming economy and markets

Two great ways of understanding the American paradox. Plus, it feels like a Trump win might be approaching, and we could get another bullish surge

The Economist has another of its fantastic deep-dive special reports, this time on the robustness of the US economy. It comes at an interesting time, not least because we have a fast-approaching US general election, and US equity markets have stormed to new heights.

Yet, reports from the election battlefield suggest that many Americans are deeply unhappy…