2016 will go down in the annals of history as the year that the world changed course. Hitherto, since the 1970s, the main theme of global economic development was globalisation – the idea that international borders were inimical to economic development; that tariff-free trade went hand in hand with the free flows of goods, capital and labour; and that it was natural for manufacturing companies to shift production to offshore locations where labour was cheaper.
With the advent of Brexit and an existential crisis emerging in the European Union, plus the election of Donald Trump as President of the USA on a ticket of renegotiating trade deals with NAFTA and China, there appears to be a backlash against globalisation. What's more, many of the forces that have impelled globalisation – especially differential labour costs – are now going into reverse.
by Zak Mir | Trading| 1 mins. to read One of my immediate thoughts in the wake of the latest announcement by the FCA to propose stricter rules for the trading of CFDs and Binary Bets was that there may have been insider trading on the short side ahead of it. Given the way that shares of Plus500 gave a gap down signal in September this may allegedly have been the case.
by Evil Knievil | Evil Diaries| 6 mins. to read Initially this morning, I saw Plus500 (LON:PLUS) collapse. The accompanying RNS covered a disposal of 6m+ shares by JP Morgan. This struck me as strange given that the underlying trade seemed unaffected.
by Zak Mir | Trading | 1 mins. to read Given that I seem to be interviewing high profile investor Jim Mellon every other week, it would appear churlish not to look at InterQuest (LON:ITQ) and his increased stake in the specialist recruitment group.
by Victor Hill | Economics | 8 mins. to read Another vote, another shock Yesterday, Italy became the most recent domino to fall in the global populist revolution about which I wrote in this month's MI magazine.
by Robert Stephens | Equities | 5 mins. to read It's easy to look at Brexit and come to the conclusion that it will be bad for all UK-focused companies. After all, it brings uncertainty, change and a potentially negative impact on the UK's overall economic performance.
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