Please join Gabriel Stein, Rachel Ziemba and other members of the Roubini Research Team on Thursday, November 17, for a discussion of our “2017 Themes”—an inventory of the ideas and trends that will drive markets next year.
- Populism: Trump is the latest and most significant example of the surge of populism and tilt to trade and investment protectionism—why is this happening and what will it mean for markets?
- Return of inflation: It’s still below target in most countries, but inflation has been rising and populist policies could add impetus to this trend, supporting central bank hawks.
- Fiscal boost to ease asset scarcity: With populist policies nudging the pendulum toward wider deficits and reducing regulations that require price-insensitive purchases of safe assets, more such assets may come on to the market.
- Less accommodative central banks: Will central banks be prepared to stand aside if markets threaten to fall; or potentially even take action that makes them fall?
- China volatility: We see policy stimulus waning in 2017, which seems set to exacerbate the volatility of Chinese growth, and the price of local and China-related assets.
- End of the EM investment recession: While stimulus is waning in China, we expect a large number of other EMs to boost investment.
- Rebalancing oil adds uncertainty: We expect ample supply to keep oil range-bound until late 2017, when inventory drawdowns seem set to balance the market.
- Equity value: The return of inflation and higher rates present challenges for global equities, with prices having been bumping along the secular-stagnation ceiling since early 2015.
To learn more about our 2017 global views ahead of the Q&A session, please take a look at some of our recent research: