It was an unpredictable year in politics and markets. The world saw some things it had never witnessed before. Here’s a list of three of the most powerful events of 2016.
- Americans are done with the “establishment.” This was the greatest lesson of 2016, and it showed through in both parties. You could see the beginnings of discontent in 2008 with the election of “change” candidate, Barack Obama on the left, and the insurgent but ultimately failed campaign of Ron Paul on the right. But in 2016 the revolt against the establishment was full blown. Hillary Clinton by all accounts was a shoe-in for the Democratic nomination, but outsider socialist candidate Bernie Sanders gave Clinton serious competition. On the right, Donald Trump defied every expectation, beating over a dozen better prepared, more experienced establishment GOP candidates, and ultimately defeating the uber-establishment candidate, Hillary Clinton, to win the White House.
- Europeans are also done with the “establishment.” The Brexit vote, surprised markets and pundits of all stripes, but was fairly predictable if you were paying attention to the people on the ground. The Brits have had enough of the growth-killing, sovereignty-threatening edicts coming out of Brussels, and they showed their discontent with a vote to leave the EU.
- South America is a political Crazy Train: Maybe this isn’t new knowledge, but the impeachment of Dilma Rousseff, the prosecution of Cristina Fernandez de Kirchner, and the near chaos in the cities of Venezuela today showed the world that the southern hemisphere of the Americas is an unpredictable and volatile place. Keep an eye to the South in 2017 for further developments. The Venezuelan crisis is set to play out, things could become unstable in Cuba with the death of Fidel Castro, and new political tensions in once stable Colombia create potential volatility in the region.
This list is by no means exhaustive, but come back to Richardcyoung.com regularly (and sign up for the free weekly email) to keep up on the most important events happening in politics and markets.
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E.J. Smith - Your Survival Guy
Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.
E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.
E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.
Please get in touch with E.J. at ejsmith@youngresearch.com.
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