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Forbes: Trump Could Spook Financial Markets in 2016

Image: Forbes: Trump Could Spook Financial Markets in 2016

By    |   Sunday, 20 Dec 2015 07:33 PM

GOP presidential front-runner Donald Trump's outspokenness and controversial positions could spook financial markets even if he doesn't become president, the chief of one of the world's biggest independent financial advisory organizations tells Forbes.

"Trump has been touring TV studios and appears to be utterly unmoved by the storm of criticism and outrage – in fact he seems to be thriving on it," said Nigel Green, CEO and founder of deVere Group.

"This suggests we could expect more of this kind of rhetoric from the billionaire would-be president between now and July, when the candidate is announced."

As a result, Green predicted that Trump's rhetoric could be a "major cause" of volatility in the financial market.

Trump has rankled the establishment by calling for a border wall to stem illegal immigrants from Mexico, deportation of all illegal immigrants and for temporarily banning all Muslim immigration. But despite outrage even in his own party, his poll numbers continue to rise.

"Clearly, Trump's comments are important as he is, currently, the front-runner in the race to be the GOP candidate and, therefore ... he could be sitting in the Oval Office as the chief executive of the world’s largest economy," Green said.

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GOP presidential front-runner Donald Trump's outspokenness and controversial positions could spook financial markets even if he doesn't become president, the chief of one of the world's biggest independent financial advisory organizations tells Forbes.
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2015-33-20
Sunday, 20 Dec 2015 07:33 PM
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