Opinion
Geopolitics Operates with Long and Variable Lags
Global financial markets are waking up to the high odds of further supply shocks and trade wars, writes the chief geopolitical strategist from BCA Research.
A surging China elbows others, the deficit-burdened US struggles, and Brexit is in the pits.
The closely watched Commonfund survey also shows investors are bullish on emerging markets but anticipate US underperformance.