Michael Panzner is a 30-year veteran of the global financial markets who has worked in New York and London for such leading companies as HSBC, Soros Funds, ABN Amro, Dresdner Bank and J.P. Morgan Chase.
Panzner is the author of When Giants Fall: An Economic Roadmap for the End of the American Era, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, and The New Laws of the Stock Market Jungle: An Insider’s Guide to Successful Investing in a Changing World, and has also been a columnist for TheStreet’s RealMoney paid-subscription service and a contributor to DailyFinance.com.
He is a New York Institute of Finance faculty member specializing in Equities, Trading, Global Capital Markets and Technical Analysis and is a graduate of Columbia University.
The intersection of crime, politics, and economics is just one of the many factors that will undermine stability and spawn an upsurge of economically debilitating violence in the years ahead. Worries and resentments over falling wages, surging unemployment, and the widening gap between rich and poor will also rouse nationalistic, protectionist, and xenophobic hostility. Throughout the world, there will be push for tighter borders and controls on the flow of people, goods, and capital. Immigrants and foreigners will become scapegoats for domestic ills.
As deglobalization takes hold and the existing geopolitical order continues to crumble, hearts and minds will close along with borders. Nationalistic stirrings will rise up and overwhelm the integrative spirit of the past several decades. Cracks and stresses will appear virtually everywhere, souring attitudes and stoking suspicions. Instead of being drawn together in a flatter, more connected world, people will discover that new economic, social, and political realities are slowly but surely driving them apart.