At this year’s Financial Markets Quality Conference, David Schwimmer, Chief Executive Officer of LSEG, spoke with Liz Hoffman, Business and Finance Editor at SEMAFOR, about how while we’ve gotten used to the American market’s dynamism, he expects we’ll start to see more of a normalization.
Why?
Some of the balancing out will come from geopolitical changes, including a rise in defense spending in Europe and a shift in Germany’s attitude of spending and stimulus, Schwimmer said. He added that there’s also an underlying geopolitical question mark around the U.S. commitment to the “rules of the roads” as we’ve seen in the past.
Some of the balancing could be currency-related. However, Schwimmer said he thinks the dollar will still be the reserve currency in 10 years. There are some countries trying to chip away at its position, and they may see some small success, he added: The Euro is probably the closest contender today.