Nomura has declared a Donald Trump presidency as a major market risk, predicting turbulence ahead if the presumptive Republican nominee takes up residence in the White House.
“No matter what, I think a Trump victory is not good in terms of the financial market reaction,” Craig Chan, head of foreign-exchange strategy for Asia ex-Japan at Nomura, said on the sidelines of the Nomura Investment Forum in Singapore Tuesday.
“From an economic-financial- political angle, there are huge risks.”
I picture a smiling Trump, looking down from his penthouse, (maybe petting a cat like a Bond villain would) as the world burns down around him. Kinda like how Nero played his fiddle while Rome burned.
“The imposition of trade barriers and the cancellation/renegotiation of various trade agreements would be biggest threat to the Canadian economy, as about 75 percent of Canadian exports go to the U.S. However, it is important to note that it could also hurt the U.S. as about 12.5 percent of U.S. exports go to Canada, second only to China,”