From the New York February issue: Markets crave stability, but you’d be hard pressed to call the first days of the Trump presidency stable.
Trump’s core populist appeal — his promises to reverse economic hardship in the working-class heartland — seems to have been lost amid debates over inaugural crowd sizes, thousand-mile border walls and blanket immigrant bans.
As the outcry over a travel ban targeting Muslim countries continues, and spawns nationwide protests, more business leaders — including some in real estate — have spoken out against Trump’s immigration policies. Of course, some of real estate’s biggest players are staunch supporters and have roles in the administration as well (see page 60). [more]