Why Cash Isn’t King for UBS's Simon Smiles

The video discusses the Federal Reserve's monetary policy, highlighting the recent dissent among members and the impact of interest rate changes. It explores the role of cash in the current economic environment and suggests investment strategies favoring US and emerging market equities. The discussion also covers global economic risks, including the Fed, China, and US elections, while noting that political risks in Europe, such as Brexit and upcoming elections, are of significant concern.

In what ways has Brexit impacted the real estate market according to the discussion?

What are the political risks in Europe that are concerning clients, as mentioned in the text?