There are many imbalances around the world, but there are two colossal surpluses and two large deficits which stand out, writes John Redwood, Charles Stanley's chief global strategist.
EMs on a 'whopping' 30% discount
Gold volatility, peso crash and Dow surge
Politics a major challenge in 2017
Taken over multi-asset Open range
Increased 2017 US growth forecast to 2.3%
Expects S&P to fall to a new low
'Increasing polarisation of societies'