Risk off!!!

The two words of ‘Globalisation’ and ‘Liberalisation’ have been the bedrock of the Bull run over the last 2-3 decades. The winners of this run have been big corporates and the emerging economies round the globe while the losers have been the ‘Working Class’ in the developed world. Both in Europe and the US, Far-Right and Far-Left politics is at historic highs and Centre-left and Centre-right at their lowest in popularity for a long time. This trend has the risk of becoming a surge in the next 2-3 years but the markets, the analysts and the media have just had it so good for such a long time that they believe nothing can go wrong. Whether we have a Brexit tomorrow or not is anybody’s guess, but the complacency frightens me. One of these events is soon gonna catch a lot of the experts with their pants down!!! The EU is a failed economic and political project and no amount of Central bank printing is going to o save it. We are in times where the new buzzwords for the next 2-3 decades are likely to be ‘Nationalism’ and ‘Protectionism’. ‘Islamism’ may just be the straw which breaks the camel’s back.


Kunal Shah

June 23, 2016


One thought on “Risk off!!!

  1. vorasud

    IMF study found technology, not globalisation, is the biggest cause of rising #inequality. I should add:globalisation promotes migration. Migration introduces islam.Islam causes Orlando!


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s