These charts explain the 'Politics of Rage' - the cause of Brexit and the rise of Donald Trump
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From Britain's historic decision to leave the European Union, to Austria coming close to electing a far-right president, all the way to the meteoric and shocking rise of Donald Trump in the US Presidential election - it has been a monumental change in political power across the globe.
All of these events have been fuelled largely by voter discontent with the centrist establishment that has dominated the Western political landscape for the past several decades. This discontent is now being described in some circles as the "Politics of Rage," says Barclays, because that is essentially what it is.
There is, as new research from Barclays puts it, "a perception among 'ordinary citizens' that political and institutional 'elites' do not accurately represent their preferences amid a growing cultural and economic divide," and that is making people angrier and angrier. In short, "rage is all the rage."
In its latest research note, titled "The Politics of Rage," Barclays dives deep into exactly what has caused the growing anger among Western citizens, and what further consequences it could have in the markets and the political landscape in future.
For the note, Barclay's head of FX Strategy Marvin Barth has produced 73-pages of in-depth analysis on the topic, including a whole heap of charts. Here is the core argument and some of the key observations from that huge report. Check it out below:
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