Voternomics: Why Politicians Are Paying the Price for Central Bank Sins with Karen Ward
May 3, 2024
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Karen Ward, J.P. Morgan Asset Management's chief market strategist, discusses the consequences of central bank mistakes on politicians with Stephanie Flanders. They delve into the impact of inflation on global economies. Also, insights on Elon Musk's influence on US-China relations are unpacked by Bloomberg News editor Craig Trudell.
Politicians suffer repercussions for central bank mistakes regarding inflation.
Elon Musk influences US-China relations with his actions.
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The Intersection of Politics and Markets
The podcast delves into 'Vote Anomics,' a series that dissects how politics and markets intertwine. It discusses the influence of voters globally on markets and economies, shedding light on impactful elections and the implications for various industries. The dialogue extends to the correlation between political events, economic decisions, and market outcomes.
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Economic Factors Driving Political Events
The podcast underscores the economic underpinnings of political decisions and global events. It analyzes how economic conditions in nations like Russia and China influence political strategies, emphasizing how economic independence shapes geopolitical decisions. The discussion navigates the complexities of inflation, real wages, migration, and their roles in shaping political landscapes.
Karen Ward, J.P. Morgan Asset Management’s chief market strategist for EMEA, joins this week to explain why politicians are being punished for the sins of central banks. Ward, a former Bank of England economist and adviser to both UK Chancellors Philip Hammond and Jeremy Hunt, tells Stephanie Flanders, Allegra Stratton and Adrian Wooldridge about the damage done as a result of missteps when it comes to inflation.
Plus, Bloomberg News editor Craig Trudell unpacks how Elon Musk is driving on both sides of the US-China relationship.