On the day that the 45th President of the United States of America assumes office, during Davos week, I recall the observation of a great contemporary economist. Harvard's Ken Rogoff (I have often mentioned his work in these pages, especially This Time it's Different – Eight Centuries of Financial Folly) was at Davos last year. He told Bloomberg that he remembered the moment that he realised that Mr Trump was probably going to win. It was when the luminaries of the World Economic Forum proclaimed that it couldn't possibly happen.
(Similarly, I remember my 2016 über-moment when I realised that Brexit was overwhelmingly probable. It was a few days before the referendum when the BBC announced that their "computer" (more likely Evan Davies in an induced trance) had determined that Leave could not possibly win).
One of the most refreshing themes of the post-Brexit, Trumpian world is that the unexpected becomes normal. So it's a moment to reflect then on what might lie ahead for investors over the next four years.
by Zak Mir | Trading| 1 mins. to read It has been quite a journey for shareholders of Amur Minerals (LON:AMC). But it would finally appear that the fundamental and technical positions are starting to be revealed in positive fashion.
by Evil Knievil | Evil Diaries| 1 mins. to read Coral must be completely mad – at least on the facts disclosed in today's Racing Post. A Mr Albert Kinloch, 74, of Glasgow put £100 on Glasgow Rangers being relegated in 2012 at 2,500/1.
by Zak Mir | Trading | 1 mins. to read It could be said that even considering Gulfsands Petroleum (LON:GPX) as a possible investment would be a case of going where angels fear to tread.
by Robert Stephens | Equities | 4 mins. to read This week's speech by Theresa May indicated a 'hard' Brexit is becoming increasingly likely. This may be a cleaner result than the potential for years of negotiation to keep bits and pieces of EU membership.
by Ruzbeh Bacha | Equities | 11 mins. to read Cloud computing and AI are becoming staples of everyday life – even if you don't know it. The cloud is ubiquitous (by design and by adoption), and artificial intelligence – a completely different area in tech – is reaching into our lives in ways previously unimaginable.
Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such descision.
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