When Donald Trump won the race for the White House last year, markets rallied. The so-called “Trump trade” rested on the hope that the US president would deliver business friendly reforms that would boost growth. This was a bit of a misnomer: what executives and investors have really been betting on for most of this year is a “Cohn trade”.
去年，當唐納•川普(Donald Trump)贏得總統大選後，市場大漲。所謂的「川普交易」依賴於這種希望：這位美國總統將兌現對企業有利的改革，從而促進經濟成長。這有點用詞不當：在今年的大多數時間，公司高階主管和投資者真正押注的是「科恩交易」。
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