“The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test,” Richard H. Not all past forecasts have been, nor future forecasts will be, as accurate as any contained herein. In addition, no assurances are made regarding the accuracy of any forecast made herein. No assurances are made that Fisher Investments Canada will continue to hold these views, which may change at any time based on new information, analysis or reconsideration. This document constitutes the general views of Fisher Investments Canada and should not be regarded as personalised investment or tax advice or as a representation of its performance or that of its clients. International currency fluctuations may result in a higher or lower investment return. Past performance is no guarantee of future returns. Investing in equity markets involves the risk of loss and there is no guarantee that all or any capital invested will be repaid. This advertisement has not loaded yet, but your article continues below. Similarly, we find minority governments are by definition gridlocked, as they must get dissenting parties’ support or agreement to abstain from voting to pass legislation-as is the case in Canada currently. But we have seen ideologically aligned multiparty coalitions at loggerheads, too-when a far-left or far-right party differs from their more moderate counterparts in policy emphasis and implementation, as with the leftist and centre-left parties in Spain’s and Portugal’s governments.
They may command a majority on a combined basis, but our research shows the scope of action they agree on is narrow and centrist-not radical and sweeping-with little likely to get done. For example, Germany’s recently elected coalition combines left-leaning and right-leaning parties. One common version is a multiparty coalition with little ideological alignment. But in our view, that preference for action can also make it harder to see political activity the way equities do-as we will explain. We think most voters understandably want elected officials to get things they like done. In our experience, many investors hate gridlock since it means governments don’t do much. Activate your Online Access Now Article contentįisher Investments Canada defines gridlock as political conditions that make it difficult for a government to pass legislation. If you are a Home delivery print subscriber, unlimited online access is included in your subscription.
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