What Global Trumpism Means to World Markets
Are there a higher set of drivers in the global economy than we commonly pay attention to? Is the election of Donald Trump really just one part of a much larger, global pattern of events that is still unfolding and will affect us for years to come? Mark Blyth, the political economist that identified the phenomenon of “Global Trumpism,” shares powerful insights that will forever change your outlook on both global politics and world markets. Noted for predicting both Brexit and the election of Donald Trump months before they happened, Blyth walks you through the disparate dynamics in both the U.S. and Europe that will forever alter politics as usual and send shockwaves through the global economy. Stating that Trump is not unique and that Global Trumpism was 30 years in the making, Dr. Blyth points out the other “Trumpets” scattered throughout the world (including the left wing versions). He also tells you what this shift of power means to financial markets, the fate of the EU, and the political and economic climate in the U.S. His straight-talking, no-holds-barred and frequently entertaining analysis tells it like it is—with powerful predictions of what’s to come.
Is There an Avant Garde in Economics? The Question of Money
Money is everything, and yet it is nothing. It has no reality except as trust among people who will never meet one another. In this speech, Blyth shares how money is governed by economists, central bankers, the markets, and other very serious people who insist that it is much more than a convention. Yet, accepting the reality of money as “virtual” allows us to push the boundaries of economics, banking and markets in search of its Avant Garde. That Avant Grade exists, in the form of “helicopter money,” “modern monetary theory,” “digital currencies” and even “central bank money,” which is actually quite different from the money currently governed by central banks. Searching for the Avant Garde in economics at its monetary frontier invites us to rethink what we think about money, and the power we give today to those who manage our money.
After the Brits Have Gone: Can Europe Turn a Drama into a Crisis it Can Use?
Questions of EU reform remain stuck at the level of macroeconomics (more fiscal, less money), regulation (more banking union and more capital markets), and legitimacy (enhancing the Parliament, more responsiveness). This may be a case of the French Generals fighting the last war. Blyth explains that if Brexit was essentially the working classes of the UK giving their establishment the proverbial two-fingers, then the area that needs the most attention is the national politics that underlies the EU’s supra-nationalism. Therefore, if political reactions like Brexit are diagnosed as being essentially xenophobic, then responding to them will be extremely challenging for the EU. If they are diagnosed as being essentially economic, then the EU can fashion creative responses.
Short Term Politics Versus Long Term Returns: What’s Driving What?
This is a discussion of how short term events that seem disconnected (Trump, Brexit) may have long term generators. Specifically, how the long term war against inflation may have produced unintended political consequences that investors will need to take account of going forward.