David Coombs: A quick look at...the US, Europe and China

Markets are currently stooped in political mire. From the US, to Europe and, of course, in China, investors are losing patience with the bureaucrats. It can be hard to fathom who is David and who is Goliath in this scenario, but for those of you old enough to remember Soros and the ERM, we can only hope… So how does this impact our strategy when markets, already negotiating such exceptional times, are underpinned by such political wrangling? Well, discounting the future is certainly harder than before, particularly as theory becomes increasingly obsolete. US wrangling In the US, the...