Can Re drop 30% or more?
Certainly can happen if a combination of policies bite at the same time that economic/political crisis hit.
We know that all levels of Canadian governments are acting. Ottawa is targeting tax evaders, money laundering and immigration fraud. Victoria has passed vacancy legislature and added a large transaction tax. City Hall is targeting vacancies.
Meanwhile, China has cooled significantly, and will remain so. Add in the protracted program against corruption. Wealth creation will be modest compared to the past. Meanwhile, confrontation looms in the South China Sea.t
Another global factor is the anti-foreign backlash. You saw it in Britain. It's happening in Vancouver. It's made its influence felt in the States.
Bernie and Donald don't need to be elected. They have changed the political landscape. Both party platforms are going after the big banks. TPP is crippled and dying. NAFTA may be 're-negotiated'. The question is how much momentum is left in the anti-free trade movement?
“QuickTake Q&A: Why Global Trade Is Central to Clinton-Trump Race“http://www.bloomberg.com/politics/artic ... trump-race
“Clinton backers look to close ranks on trade
PHILADELPHIA — Hillary Clinton is going to put new trade initiatives, including the maligned Trans-Pacific Partnership, in the rear-view mirror if elected and instead focus on “things that are clear job creators," a top economic adviser to the Clinton campaign said Monday...”http://www.politico.com/story/2016/07/h ... 1?lo=ap_d2
Regardless of who wins, the outcome is likely to be negative for the Asian stock markets. For the Americas too...
“Trump or Clinton means 'downside' for equities: HSBC”http://www.cnbc.com/2016/07/25/trump-or ... -hsbc.html