The election of Donald Trump has brought about a significant level of uncertainty in the macroeconomic landscape. This is mainly due to his proposed policies on tariffs and immigration, which some view as a departure from the established consensus on globalization and financial markets.
Viktor Shvets, a macro strategist and author of "The Twilight Before the Storm: From the Fractured 1930s to Today's Crisis Culture," suggests that we are entering a turbulent period that could last for up to two decades. According to Shvets, there is currently a comprehensive reevaluation of various global economic issues, particularly trade, taking place. It will take a considerable amount of time for the full implications of these changes to become apparent.
Shvets' insights highlight the complexities of the evolving economic landscape, indicating that the effects of current policies and sentiments will be felt for many years to come, both domestically and internationally.