“Trade wars are good and easy to win” (Donald Trump, March 2nd, 2018) In 2009, in an effort to slow the growth in imports that the United Steelworkers’ union blamed for thousands of American job losses, President Obama approved a near nine-fold increase, from 4% to 35%, in the US’s tariff on Chinese-manufactured car tyres.
My colleague Roeloff Horne recently returned from an investment conference in London, where he had the privilege of listening to well-known Author and Economist David McWilliams, who discussed the global economy, as well as touching upon President Trump’s upcoming benchmark of 100 days in office. David also shared his recent YouTube video which humourously highlights the
Three weeks ago Gavekal’s Anatole Kaletsky wrote about the chances of one populist vote victory in the near term: Brexit and Trump in 2016 and the right-wing Alternative for Germany (AfD) in 2017. Statistically, he gave this a more than a 50% probability, whilst also suggesting that a vote for the UK to leave the
In investment terms, particularly in toppish markets, the concept of ‘protection’ usually refers to strategies employed by asset managers to preserve capital, but more recently however, it is used in a socio-political context: Peggy Noonan of the Wall Street Journal re-coined the term to mean ‘those who are insulated from the effects of public policy’.
With the upcoming U.S. Presidential Election just around the corner, many of us find ourselves mesmerized by political events surrounding that process. Worryingly, there have been a number of bold comments and election promises made by the individual campaigns, none more than those from within the Donald Trump camp. Trump, a man seemingly one step away from becoming the next
