In this clip, Richard Tren and Frans Cronje try to understand the current American political state of play. Richard begins by exploring why the Republicans look likely to lose the lower house of the US Congress, despite their generally very successful economic performance. Richard looks at the long-term trends influencing voter perception and the historical swings away from the incumbent regime in American midterm elections. After Richard, Frans ponders whether the sustained asset price inflation in American stock markets is due to the disastrously long period of 0% interest rates in the West. He suggests that this had the effect of pricing average Americans out of home ownership and other aspects of the so-called “American dream”, leading to cost-of-living issues becoming the primary concerns for voters in the United States.