The problem with populism

Published: Sept. 10, 2018, 4:01 a.m.

b'A few years ago, I read a tragic story in a local newspaper about a young man who was walking along the train tracks with his earphones blasting loud music.\\xa0Far ahead, he could see a train hurtling towards him and people on the side of the tracks were yelling and waving to get his attention.\\xa0He ignored them, he had plenty of time to move \\u2026 and then he was instantly killed by a train coming the other way. As we head towards the mid-term elections, America is bitterly divided politically, and many investors worry that "Chaos in Washington," variously defined, will cause the market to crash.'