This month’s Global Monetary Viewpoint is on the subject of growing monetary risks ahead of US Election Day and the implications for investment strategy.
The probable last stampede, witnessed during the past week, of capital driven by the viral narratives about US-China “trade war” now clears the way for a fresh focus on fundamentals – monetary, macro-economic, geo-political and domestic political.
The central view here remains global economic slowdown, likely to end in recession. Indeed, in some respects the nature of the China-US “truce” adds to downside risks in global asset markets – especially the virtual fixing of the yuan-dollar exchange rate.
Dr Brendan Brown