It is Sunday morning and so what’s on my mind this week? Well, imagine for a moment that you’re lost in the forest. What would you do? You would probably look at the position of the sun and that sort of thing to get your bearings. If you were with a group of people you would probably ask if anyone knew the way out. You would look for a leader because a group lacking leadership just wanders around aimlessly. I’m not a fan of the Tories but Theresa May does have leadership qualities.
It’s Sunday morning and so, as usual, I’m going to ramble on and share my thoughts. Psychologists study the mind and people’s thoughts and it is a fascinating subject. Our thoughts govern our behaviour but we do some things without thinking. Our instincts govern some behaviour; a child doesn’t need to learn how to cry. Some behaviour appears to be instinctive but isn’t, it is learned like those automated actions we do when riding a bike or driving a car. Some thinking and associated behaviour are tribal, like giving and receiving gifts. Reciprocating gifts is a tribal trait even when the gift is a simple handshake or hug. Reciprocating Christmas and birthday cards is a good example, too.
The world now seems a scarier place with Donald Trump as president of the United States of America. I have to be careful what I say about him, he does have a habit of suing people; not that I would ever libel anyone. Some of the things he says does remind me of the nationalist ideas that Hitler had. There are even similarities between the backgrounds of both men. Trump is a lot smarter than Hitler was and although he might be similarly misguided and even psychopathic, he is not stupid.
There have been many events since 2008 that have spooked the financial markets but Brexit and Donald Trump winning the US presidential election must be the most nerve-jangling for investors. Clinton had plans that were seen as negative for the pharmaceutical industry but Trump also seems to be a threat to Obamacare that could also have a negative effect, as well.
It’s Sunday morning and so once again I will let you into the dark passages of my mind with another Sunday ramble. What’s on my mind this week? Well, the super-moon, the weather and the state of the world.
All investors need a crystal ball right now. Will Britain leave the EU? Will interest rates change? Will the oil price go up or down? Will Trump be the next president of the United States? Will things get even worse in the Middle East? Will the global economy go back into recession? (more…)