I wish I had followed my hunches and put money on a Brexit/Trump double in the spring. However, I am happy this morning that Hillary Clinton did not win the White House/ The prospect of being dragged into another costly war has receded. Trump is far more likely to resolve disagreements with foreign powers by negotiation than by force of arms. Also, UK business can take advantage of the immediate (but temporary) fall in the value of the dollar to stock up on raw materials.
The predictions of disaster for the western world are also exaggerated. Mr Trump's inexperience may actually be an advantage as he will have to pick expert advisers. The bad news for America is that one of the few policy promises he will actually stick to is the one to reduce taxes which will increase the US budget deficit and boost inflation.