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Snap AV: Why are markets shrugging?

Summary:
Markets have been reasonably calm in the face of troubling Trumpian (potential impeachment) newsflow.Why? is the question and we’re not accepting Twitter as an answer. Here’s BlueBay Asset Management’s Timothy Ash with some suggestions, and our emphasis:Well first I guess the plus is that there is a positive backdrop of a recovering US and global economy, set in motion well before Trump’s victory back in November, and laid in train by the accommodative policies of the Fed, ECB and other central bankers, and while Trump would be loathed to admit it but also because of the policies of the Obama administration. I would add in herein also the fiscal/monetary stimulus of China from mid-late 2015, which is being felt across Asia, and indeed globally now, and helping also to anchor commodity

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David Keohane
(Spending some time as FTAV’s Bombay wallah. Noticeably sweatier but not much else has changed.) David studied economics, politics and journalism before joining the FT in 2011 as a Marjorie Deane fellow. He covered emerging markets, equities and currencies before making the jump over to FT Alphaville in May 2012. In between his degree and masters he wandered into the real world of business where he learnt how to manipulate a spreadsheet and organise meetings where nothing gets decided.

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