The Germans are used to it, managers of large companies and Association representatives to Express politically correct. So economic liberalism and political liberalism seem to go Hand in Hand. In the financial markets, this equation no longer applies, however. Right-wing populists seem to have become the new favorites of the traders.

The financial markets celebrated the election of the ultra-right-wing Congressman Jair Bolsonaro for the new President of Brazil, literally. Deutsche Bank called him the “candidate markets”. In fact, investors feel that some elements of the right-wing populism downright attracted.