VERICO Economist on Brexit - Q3 2016 Economic Update with Michael Campbell
If the Europe’s economy and job creation were booming there would be far less dissatisfaction with the EU – and no Brexit vote or the surge in anti-EU parties. The gross mishandling of the refugee crisis also exacerbates the dissatisfaction with the EU establishment. Of course there are numerous other complaints but none would resonate with the same level of passion if the economy was strong.
It’s the same in the US. Both Donald Trump and Bernie Saunders would not have gained so much support if the US economy hadn’t left so many people behind while the elites thrived. Ninety-five million Americans are permanently unemployed.
The point to understand is that this is just the beginning.
My prediction is that 2017 to 2020 will make the economic and financial volatility we’ve witnessed over the last five years look like a warm-up act.