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Video / 28 October 2016 at 12:22 GMT

US Election: Trump and Clinton offer distinct challenges – #SaxoStrats

Dembik Christopher
The two US presidential candidates are both unfavourable choices for Europeans, argues Saxo Bank’s head of macro analysis Christopher Dembik.

A Donald Trump presidency would result in a surge of protectionism at the global level, he says, echoing the beggar-thy-neighbour protectionist trade policies after the crash of 1929 that had disastrous economic effects and greatly exacerbated the Great Depression.

And with Hillary Clinton as US president, Dembik says Europeans would wrongly think that she would be more attuned to European concerns than Trump.

However, Dembik explains that Clinton faces a complicated domestic political situation with the opposition of Republicans in the House of Representatives and by that of those who made her victory possible, especially the trade unions and Bernie Sanders’ supporters. They all are quite sceptical regarding the advantages of free trade, which Clinton supports.

Read more about Dembik’s views on the US election here.
Asterix Asterix
The Trump Paradox: Trump’s supporters take much of what he says seriously, but not literally. The reverse is true of the press and his opponents: they don’t take the Republican nominee seriously, but they take his rhetoric to be literal.

As most Europeans Mr Dembik appears to take him literally.... :)
Travis Travis
1. Trump economic protectionism would exacerbate problems: I disagree. You're forgetting that the US dollar wasn't the world reserve currency till the 1940s, and became such partly to help when protectionism needs to be implemented. Europe economic/socialist policy was screwing up its continent prior to the Great Depression, and money fled to the USA from Europe which gave the USA it's roaring 1920s, so the Depression started in Europe and as they suffered they tried to convince the USA that they should be more socialist, then their problems spread to the USA, and Europe begged the USA to fix it back up.. Fast forward to today-- totally a repeat all over again. ..bad Euro policy is spreading to the USA while Europeans simultaneously try to convince the USA to adopt it's infectious policies, and as Euro policy wants the USA to pay for its militaries and etc etc etc. To keep from getting the flu from your friends your immune system implements protectionism. Stop the losing cycle
Travis Travis
The 1930s in the USA had FDR who was a socialist policy President. Hillary is absolutely more like FDR, and Trump is the opposite. So based on your video you should be concluding the opposite of what you said, meaning, if you think a 1930's President would hurt the world, then Trump IS what you want because he is the opposite of 1930's leadership, not Hillary. The USA and the World are going to go through a very VERY hard economic time over the next 4 years regardless of who gets elected, so either pick the candidate Hillary with zero business experience who is corrupt and has much in common with the 1930's President FDR, or pick the candidate Trump who has a lifetime of real global business experience and is the opposite of the 1930's socialist President FDR.


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