Unrest across the globe was in the spotlight last week as three countries – France, Japan and Nepal – saw abrupt leadership changes. All were attributable directly or indirectly to a failure of financial governance. We see popular discontent continually spreading as a section of the population in several countries believes that they are being denied economic opportunities unjustly. In our view, this is likely to have economic implications.
Focus this week will be on the Fed’s decision to cut interest rates and, perhaps even more importantly, indications regarding the likely trajectory of rates over the next few months.
