Around 2023 to 2033, we will be able to discern the political result of the 2008 crisis. <...> Large stock market crashes cause concern among the middle class. We have seen this happen twice already in the last century. Right now, it is not yet clear if we are seeing a drift towards right-wing populism, towards anti-immigration, protectionist rhetoric, or a shift to the left – increasing taxes for the rich, increasing taxes on capital, breaking apart Google, Facebook, and any other large corporate monopolies — Charles Robertson, Global Chief Economist, Renaissance Capital .
We, in fact, as a bank think that inequality will be one of the key driving forces of macroeconomic policy and therefore also ultimately shape financial markets over the next couple of decades. Simply because, we are definitely seeing that populations are not happy with the status quo. <…> Which basically means that going forward you're going to have to look at financial markets more from the perspective of more expansionary fiscal policy, higher taxes, more tariffs, less so through the lens of monetary policy – QE – that has really dominated over the course of the last 10 years — David Hauner, Head of Emerging Markets Economics & Strategy, EMEA, Bank of America Merrill Lynch International Ltd..