Willem Verhagen, senior economist - multi-asset, at NN Investment Partners, discusses the causes and costs of protectionism, and the implications of a trade conflict between the US and China.
US 70% responsible for current rates
Policy response from last crisis still 'necessary'
Predicts US leading downturn in late 2019
Issue of 'self-doubt' and over-valued bonds
Time to put cash to work?
Train, Findlay and Lawson among the names