The world’s wealthiest economy — with the deepest and most liquid market — is a riskier place than it used to be for investors. And politics is a big reason.
and the absence of politically-inspired violence – things that underpin a free market democracy – can’t be taken for granted.– showed just how polarized and unpredictable things have become.
“The only thing that makes currencies move 30-40% is a fundamental change in the politics,” Joseph Lewis, Jefferies’ managing director and head of corporate FX hedging, told Axios in an interview, referring to the U.K. pound’s plunge tolike Brexit and the diminished appetite for free trade and the movement of capital are making things even dicier.
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