Markets might never be the same again.
Weak global trade, fears that the U.K. is marching towards a hard Brexit, and polls indicating that the U.S. election remains a tighter call than markets are pricing in have led a bevy of analysts to redouble their warnings that a backlash over globalization is poised to roil global financial markets—with profound consequences for the real economy and investment strategies.
From the economists and politicians at the annual IMF meeting in Washington to strategists on Wall Street trying to advise clients, everyone seems to be pondering a future in which cooperation and global trade may look much different than they do now.
O course it’s going to look different. Why? Because the great people of this country have had it with the BS that is the global economy. “Profound consequences for the real economy”? So the powers that be are now threatening us if we don’t cow tow to their expansionist desires? The people of England have spoken. We will speak in November.