US President Donald Trump at the White House in Washington on October 21. Trump is a central figure in much of the pessimism weighing on global markets. Photo: EPA-EFE US President Donald Trump at the White House in Washington on October 21. Trump is a central figure in much of the pessimism weighing on global markets. Photo: EPA-EFE
US President Donald Trump at the White House in Washington on October 21. Trump is a central figure in much of the pessimism weighing on global markets. Photo: EPA-EFE
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Uncertainties over US-China trade war, Brexit, Trump impeachment and a global recession leave investors deeply confused

  • Stock markets continue to show signs of bullishness, yet bond markets are struggling and money is flowing into ‘safe haven’ assets. This shows how events weighing on confidence are of a political nature, pushing investors out of their comfort zone

US President Donald Trump at the White House in Washington on October 21. Trump is a central figure in much of the pessimism weighing on global markets. Photo: EPA-EFE US President Donald Trump at the White House in Washington on October 21. Trump is a central figure in much of the pessimism weighing on global markets. Photo: EPA-EFE
US President Donald Trump at the White House in Washington on October 21. Trump is a central figure in much of the pessimism weighing on global markets. Photo: EPA-EFE
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.