Understand this, the global economy is going through a synchronised slowdown tilting into recession.
Japan gone
UK gone
EU gone
China going
Australia and US on the brink
Today RBNZ cut interest rate, reflecting an economy in reverse.
With Donald Trump, we get a mercantilist global economy centred on protectionism and an end to global free trade- a negative
With Kamala Harris, we get more of the same and a continued widening of US fiscal deficit
There will be no respite whichever way it goes
The worse outcome would be one of bipolarity chaos and disorder - and markets hate uncertainty.
