‘What If He Does It Again?’ Hedging An ‘Unthinkable’ Trump Victory

‘What If He Does It Again?’ Hedging An ‘Unthinkable’ Trump Victory

Earlier this month, in "‘So Many Things Could Go Wrong’," I talked briefly about the reversal of a 2016-era Trump trade -- namely, buying the ruble and selling the Mexican peso. Headed into the 2020 vote, that's been flipped on its head. The ruble has had a rough go of it, in part due to the assumption that a Joe Biden administration won't be predisposed to taking a conciliatory approach to the Kremlin. Trump is fond of insisting that "nobody has been tougher on Russia than me," but I thin
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