Harrison: U.S. Election Echoes Feelings of Brexit

The video discusses the concept of exogenous shocks, focusing on the oil price and its global implications. It then compares the US election to the Brexit campaign, highlighting the uncertainty and potential impacts on investments. Finally, it explores the possible effects of a Trump presidency, particularly on trade and fiscal policies, and the associated risks and opportunities.

What is an exogenous shock in the context of the United Kingdom as discussed in the video?

• A predictable market trend

• A sudden change in domestic policy

• A planned economic reform

• A significant external event affecting the economy

How does the speaker compare the US election to the Brexit campaign?

• Both were characterized by high certainty

• Both involved significant economic reforms

• Both were seen as minor political events

• Both were expected to have clear outcomes

What is the speaker's view on the potential outcome of the US election?

• It is a certain outcome

• It is a guaranteed win for one candidate

• It is a 50/50 outcome with little insight

• It is irrelevant to global markets

What is a potential economic impact of a Donald Trump presidency according to the speaker?

• A decrease in domestic taxes

• A significant fiscal expansion

• Increased global trade agreements

• A rise in international cooperation

How does the speaker describe the trade prospects under a Trump presidency?

• Unchanged from current trends

• Focused on international expansion

• Negative and inward-looking

• Highly positive and cooperative