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.
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…)