Global stock markets to face problems next year 2017

The main factor right now is Mr Trump and his talk - which we are all watching here. But again, now we are going to have to start focusing on interest rates and what’s happening in the real economy, where there’s a lot of debt. 

So, for instance, in India and China too, there is a lot of debt now. There was not as much debt there earlier, even ten years ago. So we all will have to start paying attention to the interest rate burden which everybody is going to suffer.

And unless Mr. Trump can do something about those three trillion dollars of American corporate money overseas - which would help finance the things he is talking about - we all are going to face problems. I expect problems next year in the financial markets worldwide. I don’t expect good times.