Donald Trump's one redeeming feature

As repellent a character as Donald Trump is, he's the only candidate to have articulated voters' anger, says John Stepek – however incoherently.

In this week's cover story, our American colleague Dan Denning looks at the US election. The race for the presidency is now very much Hillary Clinton's to lose (although if Brexit has taught us anything it's never to take anything for granted). But her rival Donald Trump has already pulled the debate a long way in his direction. And, says Dan, that legacy could have some unexpected effects it could trigger the next, and perhaps final, eurozone crisis.

The popular appeal of Trump's protectionism, anti-immigration views, and his rages against the "elites", has influenced Clinton's policies (most notably on free trade), echoing the success of other populist movements globally. It's important to understand this if Trump loses this election, it'll be because of his character, not in spite of it.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.