Van Steenis: Globalization Going From Growth to Walls

The transcript discusses the impact of Donald Trump's policies on market trends, focusing on the shift from bonds to equities and the potential for GDP growth. It highlights global economic volatility due to events like Brexit and China's market fluctuations. The discussion at Davos centers on globalization, trade policies, and the rise of populism. The concept of financial balkanization is introduced, emphasizing the creation of financial barriers. The transcript concludes with an analysis of US trade policies under the new administration and their implications for global markets.

What challenges does the new US administration face regarding trade deals?

How does the speaker perceive the outlook for business leaders compared to political leaders?

What are the anticipated effects of a strong dollar on the US economy?