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Investors must prepare their portfolios for the end of globalisation.
Comments
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mystic_trev wrote: »That made me laugh!
Only someone with the name of 'Trotter' would think of growing wine in Scotland!
lol, I missed that. Well he had to do something when his Peckham mineral water business failed. They should have known about the Scottish weather though, hasn't Rodney got a GCSE in geography?Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
davomcdave wrote: »The End of Globalisation.
Do you really think that people are going to stop buying food, clothes and smart phones? Globlisation isn't about to end, you've just been sucked in by the rhetoric. If you want to see what the end of trade would look like check out the WW2 diet and think about whether the British would voluntarily go back to that. It would mean the end of caffeine for a start as tea and coffee aren't able to be grown in quantity in the UK.
You really need to start thinking a bit more about the consequences of actions as there is no way that people are going to give up the benefits from trade. People might think that they don't like globalisation but until there's an answer to the Scottish Wine Problem (without trade Scottish people have to drink Scottish wine and the French have to drink French beer, **shudders**) trade will continue to thrive and as a result we continue to get to spend 10% of our incomes on food.
The End of Globalisation is not going to happen. You are deluded if you think that it is.
Absolute rubbish, globalisation is not about importing things you need and can`t produce it is about driving down wages so "elites" can make more profit. There are plenty of clothes, shoes, foodstuffs made/grown in the UK that we can buy.0 -
davomcdave wrote: »The End of Globalisation.
Do you really think that people are going to stop buying food, clothes and smart phones? Globlisation isn't about to end
Global trade will continue, I did not say otherwise. My title was overly dramatic though. I've added an edit to the OP.
I did say -- 'This is NOT isolationism nor protectionism.'
An example of economic nationalism would be where our Govt had prepared to ensure British steel could be used in replacing our nuclear subs.
Trump is ensuring US steel will be used in the 2 new pipelines.
This does not imply global trade will end.0 -
Global trade will continue, I did not say otherwise.
I did say -- 'This is NOT isolationism nor protectionism.'
An example of economic nationalism would be where our Govt had prepared to ensure British steel could be used in replacing our nuclear subs.
Trump is ensuring US steel will be used in the 2 new pipelines.
This does not imply global trade will end.
!!!!!! is globalisation if not trade? So you want me to invest in companies that are going to do well 'when' trade ends but trade isn't going to end. That's poor even by the low standards of the internet.
My guess is that you're not a fund manager. I certainly hope you're not managing a fund that my pension is invested in.0 -
Global protectionism will make use more energy to be less efficient.
If squirrels are paid top dollar to swim and fish are paid top dollar to collect nuts, the world will be poorer.
The thing that will send shares skyrocketing is a a global tax and regulation bonfire allowing squirrels to keep almost all of the their nuts whilst the oceans and forests become sick.
It short term stupidity. Cash in by all means but don't be so stupid to vote for it.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
davomcdave wrote: »!!!!!! is globalisation if not trade? So you want me to invest in companies that are going to do well 'when' trade ends but trade isn't going to end. That's poor even by the low standards of the internet.
My guess is that you're not a fund manager. I certainly hope you're not managing a fund that my pension is invested in.
Responsive fund managers are altering investment mixes to reflect a propensity towards economic nationalism and FAIR trade.
Global trade will continue, but evolving towards economic nationalism and FAIR trade between nations that compliment one another, for example UK - US.
Bi-lateralism is the order of the day as this tends towards FAIRNESS and is easier to manage and respond to, unlike trade deals with ruddy great trade blocs0 -
Crashy_Time wrote: »Absolute rubbish, globalisation is not about importing things you need and can`t produce it is about driving down wages so "elites" can make more profit. There are plenty of clothes, shoes, foodstuffs made/grown in the UK that we can buy.
Well this was the weekly ration in world war two when there were about 55 million people living in Britain and there was more farmland.
http://www.memorylanehf.oddquine.co.uk/food.htmBACON and HAM ……… 4ozs ( 100g )
MEAT …………………… to the value of 1s.2d ( 6p today ). Sausages were not rationed but difficult to obtain : offal was originally unrationed but sometimes formed part of the meat ration.
BUTTER ………………… 2ozs ( 50g )
CHEESE ………………… 2ozs ( 50g ) sometimes it rose to 4ozs ( 100g ) and even up to 8ozs ( 225g )
MARGARINE ……………… 4ozs ( 100g )
COOKING FAT …………… 4ozs ( 100g ) often dropping to 2ozs ( 50g )
MILK …………………… 3 pints ( 1800ml ) sometimes dropping to 2 pints ( 1200ml ). Household ( skimmed, dried ) milk was available. This was I packet each 4 weeks.
SUGAR …………………… 8ozs ( 225g )
PRESERVES ……………… 1lb ( 450g ) every 2 months
TEA ……………………… 2ozs ( 50g )
EGGS …………………… 1 shell egg a week if available but at times dropping to 1 every two weeks. Dried eggs
1 packet each 4 weeks.
SWEETS …………………… 12 ozs ( 350g ) each 4 weeks.
Good luck explaining to people that the quarter pounder they had for lunch is their meat ration for the week and that their phone, computer and TV are just luxuries that they can do without. Oh and no more coffee or tea and wine.
If you think about this for a second you can see it's ridiculous, it will simply never happen.0 -
davomcdave wrote: »!!!!!! is globalisation if not trade?
I've always thought of it as more of a cultural concept; the erosion of national cultures into one hybrid culture comprised of the best elements of each. Almost a natural selection of cultures.
Not that I particularly agree with the OP. I do think we are headed towards a more centre-right political AND economic landscape; it appears a huge number of people have held strong beliefs that they were too scared to voice for fear of being shouted down / ostracised by the radical left. Now those people can be just as loud. Which, no matter what you think of Trump and his policies, can't be a bad thing. Intelligent, open debate is the best way to achieve a fair and progressive society IMO, not shouting down / censoring / banning anyone who holds a particular viewpoint.0 -
davomcdave wrote: »
Good luck explaining to people that the quarter pounder they had for lunch is their meat ration for the week and that their phone, computer and TV are just luxuries that they can do without. Oh and no more coffee or tea and wine.
What has your response here to do with move towards economic nationalism and bi-lateral FAIR trade deals?
In time you will come to see what I mean, watch this space, globalism AS YOU KNOW IT NOW is going through a rapid evolution.
Home production is on the rise here and in the US
The days of China flooding markets with cheap tat, but buying very little from others, are coming to an end.0 -
Responsive fund managers are altering investment mixes to reflect a propensity towards economic nationalism and FAIR trade.
Global trade will continue, but evolving towards economic nationalism and FAIR trade between nations that compliment one another, for example UK - US.
Bi-lateralism is the order of the day as this tends towards FAIRNESS and is easier to manage and respond to, unlike trade deals with ruddy great trade blocs
So let me see if I have this straight.
Globalisation is going to end but trade will continue. Someone is going to decide what trade is fair and what isn't and is going to frame the rules so that I can fairly buy stuff that someone decides has been traded fairly but can't buy what hasn't been traded fairly. Who gets to decide what has been traded fairly?
Doing a trade deal with one country at a time is better than doing a deal with 27 countries at a time. What about if Britain does the same trade deal with 27 countries? Is that a good or a bad thing?
This is all very complicated. I'm not sure how to position a portfolio in order to profit from it.0
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