American strategist Tony Dwyer insisted on bringing a ’good news’ positive message to a business audience in the island.

Uncertainty about Brexit and the possibility US president Donald Trump could be impeached is dominating front pages both in Britain and ’across the pond’ where Mr Dwyer works in Manhattan for Canaccord.

Mr Dwyer, whose opinions on financial matters are sought on American TV networks such as Bloomberg, said his ’uplifting’ news would struggle to make ’page 10’ in the newspapers.

He was in the island just days after Canaccord moved to new premises in Athol Street, Douglas. (See below)

He said: ’I love coming to the Isle of Man and I am fortunate to be able to come and visit this lovely island. And the new Canaccord office is terrific.’

Moments after completing a speaking engagement to a packed audience at Woodbourne House, Douglas, he said: ’My message today has been ’’Don’t fight the Fed’’ (the American Federal Reserve, which sets interest rates in the States).

’The monetary policy is easing which means debt [being] less expensive which usually kickstarts economic activity.

’They (the Fed) have cut interest rates and that increases economic activity. That increases forward looking economic activity, in my opinion.’

’We are really optimistic for risk assets because money has become so inexpensive to borrow.

’It’s spendable currency, it’s become a lot less because the Fed, the ECB (European Central Bank), the Bank of Japan, almost every central bank globally is lowering interest rates.

’Typically it will kickstart global economic activity which is very weak right now.’

Mr Dwyer contends that it took longer than expected for the Fed to cut interest rates and now that they are he believes they should be cut even more.

’There is pretty limited inflation and growth is pretty slow, global growth is at risk and we still have the trade war between China and the US.’

Asked how he thinks the trade war will pan out he said: ’I don’t think it is as important as the expanded money supply because of the lower interest rates.

’What elements of the media like to talk about because it makes ’’great news’’ is the trade war. Nobody talks about the positive impact of lower rates that the trade war caused.’

Mr Dwyer said in his opinion there was sometimes too much emphasis on ’negative’ news.

He told Business News: ’When was the last time you picked up the paper or listened to the radio or television and it started with the message: ’’Things are great, now off to the weather’’ ?

’It’s a fact that negative and fear sells better than optimism.

’So when people talk about the trade war they talk about the risk of the trade war, they don’t talk about the benefits of the trade war with lower interest rates. Those lower interest rates are causing households and businesses in the US to borrow more money which will lead to better economic activity.

’What is more important, lower interest rates or negative news? It’s lower interest rates and markets near a high despite the negative news.’

He added that the good news he was relaying was on ’page 10 or way past there.

’Obviously I’m generalising but truly you hear about the trade war, you hear about the impeachment, you hear about Boris Johnson, the Supreme Court, but you don’t hear about that fact that we are still near a high in the markets and spending is improved both in the British Isles and in the US.’

And Mr Dwyer said that it is of benefit to all people and not just investors. ’If the cost of debt comes down it helps everybody without a doubt.’

He said that under President Trump the American economy had grown.

But Mr Dwyer, who has been visiting the island for several years, said he could not speculate or discuss political matters involving the speculation that President Trump could be impeached.

He said: ’The truth is I don’t know and I am not qualified to comment on it.

’I am somebody who goes by data.

’Canaccord Genuity employs me to follow the data and formulate and invest based on that data.’