Trump’s ‘Liz Truss moment’: when economic bravado meets market reality

News Snapshot:

A maverick economic policy announcement from a self-styled disruptor plunges the country’s currency into freefall and puts rocket boosters behind the cost of government debt, prompting warnings of an economic nuclear winter and forcing a pretty undignified U-turn. If, on top of general concern, there has been a nagging sense of deja vu in Britain over the past 24 hours, then the ill-fated 49-day reign of Liz Truss as the UK prime minister may well be to blame. “This is Donald Trump’s Liz Truss moment,” tweeted Ed Davey, the Liberal Democrat leader (alternatively known to followers of Elon Musk on...