Asks how alarmed markets are by DOJ subpoenas against Fed and whether political risk in US outweighs Iran geopolitical risk.
Lizzy Burden
Paul Dobson
Markets had knee-jerk reaction with dollar, stocks, bonds all falling - a 'sell US' narrative due to mistrust of US administration undermining Fed independence.
Paul Dobson
Political risk coming to fore across investing opportunities - Trump interventions in oil, credit cards, housing plus Fed action causing international investors to look outside US.
Paul Dobson
Iran situation adds to haven narrative - geopolitical plus political risk combines in precious metals, explaining gold/silver strong bid today.