Posted on 11/11/2018 9:40:33 AM PST by E. Pluribus Unum
Donald Trump’s election in 2016 was a surprise to many, as the reality-TV star and real estate developer with hardline campaign pledges like banning Muslims from entering the United States and deporting every illegal immigrant in the country seemed to pundits an unlikely set of policy proposals to get a candidate to the White House.
But it worked. And Trump has not been alone. Other candidates with similarly unorthodox, hardline and nativist views have risen to their countries’ top political posts in recent years. Rodrigo Duterte in the Philippines and Viktor Orban in Hungary preceded Trump with pledges to hunt down and kill drug dealers and references to immigrants as “poison” and “Muslim invaders.”
Trump has been followed by the recently elected “Trump of Mexico,” Andres Manuel Lopez Obrador (AMLO), and the “Trump of Brazil,” Jair Bolsonaro, who were compared to the American president because of their nationalistic and populist rhetoric (though, Lopez Obrador is politically much more akin to U.S. Senator Bernie Sanders than Trump).
For investors, the wave of hardline politicians has meant a bonanza of profits. While Orban and Duterte were seen as small-time stories by most market participants, Trump’s ascent in the United States was met with a massive stock market run-up. Similarly, the stock market in Mexico rallied ahead of AMLO’s victory and as Bolsonaro’s lead in Brazilian election polls rose so did the country’s equity market to the highest on record. In fact, it was the world’s only major stock market to rise during the month of October.
“I wish I had a whole long list of those because they’re great opportunities to make money,” Jan Dehn, head of research at Ashmore Investment Management in London, said of the wave of populist governments recently coming to power.
(Excerpt) Read more at finance.yahoo.com ...
This author is wholly dishonest and given to inventions of slander...
None of his assertions are true...
> This author is wholly dishonest and given to inventions of slander... <
Any type of “news” coming from Yahoo is dishonest, and slanderous. They slant every last story to make conservatives look bad.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.