So if you really want to bet against America, bet against it for a real reason rather than some short-term politics that you may hate.

Though I don't have any particular fondness for Mr Trump or the current version of the Republican party, my own moves aren't driven by dislike. That would be a bit petulant. There are lots of people I like or dislike, and I agree with a few of Mr Trump's actions, notably chivvying Europeans into getting their defence funding act together and (a while back) lowering the high-but-irrelevant headline US corporate tax rates to a international norm level with fewer eastiy-gamed carve outs.

Rather, I am concerned about the potentially permanent dismantling of certain aspects of the US system that make it (a) a profitable and reliable place for investments and (2) a jurisdiction of moral standing suitable for being involved with. That comprises things like rule of law, separation of powers, intolerance of and passable action against bribes and corruption, habeas corpus, political neutrality in sundry arms of the government, respect for international treaties and borders, avoiding committing war crimes, that sort of thing. I don't care who did the changes or why, but I care that they happen.

Jim