Are Migration Fears Driving Populism ?

Torsten Slok describes the Fed balance sheet and unquantifiable risks to the future outlook: One risk in many countries continues to be populism.(See Slok’s inequality chart book here).

Looking at the data migration fears: they appear unusually elevated not only in the US but also in other countries at the moment. Surprising to see Germany highest and USA lowest on the chart:

 

Source: Torsten Slok, Deutche Bank

 

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