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1.Market Observations, 8.Was Sticky

2 Dec 2016 (AFR) – A turning point for globalisation: inequality, volatile markets and angry voters

(2 December 2016, AFR, Review supplement p1, Der Spiegel)

‘Who could have imagined in 2006 that such an outlandish billionaire like Donald Trump could become president of the United States? Who would have believed that the British would leave the European Union? Who would have thought it possible that a right-wing populist party in Germany would win over 10 per cent support in several state elections? Nobody. Ten years ago, the world was a vastly different place. In 2006, Germany lived through its “Summer Fairytale” of hosting the football World Cup and presented itself as a cosmopolitan host. Russia was still part of the G8 and welcomed world leaders to the summit in St Petersburg. Pope Benedict XVI visited Turkey and prayed in the Blue Mosque. In Berlin, the first Islam conference…’

Read more at (might need AFR login access, or try:


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