politics tops policy

German translation: Tagespolitik schlägt Geldpolitik

13:43 Dec 6, 2019
English to German translations [PRO]
Bus/Financial - Investment / Securities
English term or phrase: politics tops policy
Our investment cornerstone: strategic asset allocation
Six investment themes for 2020
• Theme 1: Policy pressures need prudent response
• Theme 2: Living with a low yields world
• Theme 3: Find new income harbours
• Theme 4: Balance your style
• Theme 5: ***Politics tops policy*** – FX and commodities
• Theme 6: Long-term themes: Tech meets ESG


Theme 5: ***Politics tops policy*** – FX and commodities
FX markets provide a unique way to see how theory interacts with reality. In principle, FX rates should primarily be driven by central bank monetary policy and economic fundamentals. In practice, they are highly susceptible to political statements or speculation about political intentions. We believe that politicians’ actions are likely to prove particularly important in 2020. Commodities will also feel the consequences.


FX considerations also play an important role in portfolios. Here, the question remains whether exchange rates are driven by the geopolitical and political factors or by differences between central banks’ monetary policies and other fundamentals. “***Politics tops policy***”, our fifth theme for 2020, suggests that the former could win out in 2020. Pressures for intervention (in various forms) to reduce the value of the USD will continue, with the JPY’s role as a diversifier still very relevant. Slowing global growth may argue against commodities overall, but there will be some opportunities, for example around gold.



Wie findet ihr:
a) Politik übertrumpft Geldpolitik
b) Weltpolitik übertrumpft Geldpolitik

(Variante b klingt besser, weil es sich reimt, aber ich weiß nicht, ob ich mich nicht zu weit damit aus dem Fenster lehne)
Olaf Reibedanz
Colombia
Local time: 07:02
German translation:Tagespolitik schlägt Geldpolitik
Explanation:
... sicher auch Blick auf den - gelinde gesagt - erratischen Regierungsstil des derzeitigen US-"Präsidenten".

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Note added at 2 hrs (2019-12-06 16:12:13 GMT)
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... auch mit Blick auf ...
Selected response from:

Steffen Walter
Germany
Local time: 13:02
Grading comment
Danke, Steffen!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1Tagespolitik schlägt Geldpolitik
Steffen Walter


  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
Tagespolitik schlägt Geldpolitik


Explanation:
... sicher auch Blick auf den - gelinde gesagt - erratischen Regierungsstil des derzeitigen US-"Präsidenten".

--------------------------------------------------
Note added at 2 hrs (2019-12-06 16:12:13 GMT)
--------------------------------------------------

... auch mit Blick auf ...

Steffen Walter
Germany
Local time: 13:02
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 1660
Grading comment
Danke, Steffen!

Peer comments on this answer (and responses from the answerer)
agree  Haigo Salow: Politics trump policy
2 days 5 hrs
  -> Trump "politics" trump monetary policy ;-)
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