What you’re used to might not prevail: Neo-nationalism Era

http://aviewfromthedesk.co.uk/2017/07/what-youre-used-to-might-not-prevail-neo-nationalism-era/

Political developments have dominated market commentary for much of the last two years. However, such commentary is often overly focused on short term considerations: trying to forecast short term price moves around elections, or considering which areas of the market will be the winners and losers from particular polices. In many ways events such as Brexit and Trump’s US victory have shown how misguided this approach can be.

As we have discussed in the past on this blog, we believe that the true importance of political developments lie in their longer term impact. In this video, Eric discusses the role of politics in influencing the investment regime and importantly how political change can tear up our conventional views on risk, correlations, and long term return properties of assets. A longer discussion of this topic can be found here.

About The Author

Eric Lonergan is a macro fund manager, economist, and writer. His most recent book is Money (2nd ed) published by Routledge. He is also a supporter of Big Issue Invest (BII), the investment arm of The Big Issue, and is one of the initial limited partners in BII’s Social Enterprise Investment Fund LP. In a personal capacity, he makes direct investments in social enterprises. He also supports and advises The Empathy Museum.