“Both of these inferences are wrong. The risk of a President Le Pen is far lower than the ex ante risk of Brexit or President Trump was last year, but the consequence of her winning would be far worse.”
Category: populism
This Is What BofAML’s Clients Are Most Concerned About…
Surprise, surprise…
“They’re Stealing Our Jobs!”: Populism And False Prophets
What they’re really doing is grabbing power for themselves and taking advantage of “the people” who, thanks to a number of factors, are vulnerable to manipulation. They are false prophets.
You Are Being Politically Exploited
“While globalisation is by no means the only factor behind the increase in inequality, it is easy to exploit politically”…
Chart Check (Eat Your OATs)
Take a bow populism…
1.7 Trillion Reasons Why This Whole Populist Thing Is A Terrible Idea
But while populist candidates spewing nationalist vitriol likely won’t do anything to change the fact that Mark Zuckerberg is Mark Zuckerberg and you’re… well… not, do you know what they will do? They’ll end up destroying what little everyday people do have by throwing the entire global order into chaos. And that’s not hyperbole.
Daily Kickstart (French Kiss)
“Let’s make it a bad souvenir”…
The Market Hates It: British Pound “Pounded” As Brexit Reality Sets In
You can talk all you want about how the world needs a clean break with the established order and how populism and nationalism will represent a return to some bygone era of pride and prosperity, but the market hates it. Every single last bit of it.
Trump’s Idiot Trade Czar Tanks Dollar With Absurd Attack On Germany
One wonders if Navarro’s comments might just reflect the political biases of Steve Bannon, whose Breitbart News has been fanning the populist flames in Europe for years in an apparent effort to bolster the prospects of nationalist politicians in France, the Netherlands, and yes, Germany.
A Cliffs Notes Guide To Europe’s Electoral Trial By Fire
While it’s certainly tempting to focus squarely on the political upheaval that’s sweeping the United
Populism At Work: Sovereign Risk Rises In France
The market will render its own judgement…
10 Black Swans
The amusing thing about this (to me anyway) is that it is to a certain extent emblematic of markets’ overwhelming tendency to misprice the tails. These pieces almost read like a guide to the unthinkable – “here’s what happens if everything just goes to complete sh*t”…
Ray Dalio: “Populism Scares Me”
Anyway, it’s not populism that should “scare” Dalio, it’s the possibility that stock/bond return correlations flip positive and stay there during some kind of nightmarish VaR shock that sees 10s at 3.5%+.
Where Liberals Screwed Up
Perhaps trying to frighten voters away from the populist cause by referencing dire economic consequences isn’t the best way to go about things when there are plenty of other common sense arguments for preserving a progressive agenda and for cultivating multiculturalism.
Here’s Chinese President Xi Jinping’s Message To The World
“There is no point in blaming economic globalization for the world’s problems because that is simply not the case.”
Will The Hubris Of Liberal Elites “Give Way To A Global Meltdown”?
“In Greek tragedy, hubris inevitably leads to catastrophe. Many fear that we are now enacting just such a tragedy, with the hubris of liberal western elites giving way to global meltdown.”
“All Bets Are Off”
“If all bets are off then there can’t be any money, can there?”
Your 2017 Guide To European Political Upheaval
I’ve spent a lot of time brow-beating no one in particular about markets’ apparent lack
“Loads Of Emotions And Lots To Ponder”
I’m inclined to believe that those of us who fancy ourselves black swan watchers are
Populism Partly To Blame For End Of Bond Bubble: Strategist
“There are few places to hide for bond investors in this environment”…
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