Donald Trump was referred to as the Black Swan of US politics back in 1989 in our note , now close to the US presidential election , James Socas commenting in Investors ##hip Daily : the road to a Trump Black Swan lies in the present paradoxes of the US economy and economic frustration : stagnant income for the average worker despite rising productivity ; lower job creation than in past recoveries , with new jobs concentrated in lower - wage , shorter - term positions ; and an acceleration of unemployment in the top percentiles resulting in the highest level of income that the nation has seen in a century . Socas says all these signs could signal a fundamental change in the economy and spark a political reorganisation .
Donald Trump was referred to as the Black Swan of US politics back in January in our note, now close to the US presidential election, James Socas commenting in Investors Business Daily suggests the road to a Trump Black Swan lies in the present paradoxes of the US economy and voter frustration: stagnant income for the average worker despite rising productivity; lower job creation than in past recoveries, with new jobs concentrated in lower-wage, shorter-term positions; and an acceleration of wealth in the top percentiles resulting in the highest level of income inequality the US has seen in a century. Socas says all these signs could mark a fundamental change in the economy and spark a political reorganisation.