LONDON (ICIS)--Click here to see the latest blog post on Chemicals & The Economy by Paul Hodges in which he analyses how the realities of politics – and the rise of populist politicians – has woken markets from the central banks-induced comfort.
“Markets have forgotten how to price political uncertainty in recent decades. They have become dependent on central bank handouts, and assumed that globalisation and trade agreements are permanent features of the economic landscape,” says the author.
“Today, they are having to relearn, very quickly, what has been forgotten.”Editor’s note: This blog post is an opinion piece. The views expressed are those of the author and do not necessarily represent those of ICIS. Paul Hodges is the chairman of consultants International eChem.