Elections themselves do not necessarily lead to more corporate uncertainty - quite the reverse, stable democracies create a reliable environment. And elections have caused hardly any change in the basic economic framework in the last few decades.
Nicholas BloomPolitical stability was at most a factor in assessing developing countries or Russia. It is now also an issue in Western democracies.
Nicholas BloomIf you leave school at 16 then, in all probability, there is a machine that can do what you can do better and cheaper. And Trump can't do anything to change that.
Nicholas BloomPolitics has become very unpredictable, making things so very difficult for individuals and also for companies.
Nicholas BloomThe U.S. and, to a certain extent, countries in Europe as well, have experienced growing inequality within their population for decades - a small group of people own the lion's share of the wealth. Populists take advantage of this, and their policies are extremely hard to predict. And this has serious consequences. Companies shy away from risk, postponing their investment decisions in times of uncertainty, the stock markets get nervous and unemployment threatens to increase.
Nicholas Bloom