17 Long.Term Asset Return Study: The Next Financial Crisis Figure 9: Populism index 1% of vote across key countries, population weighted, LHS) and DM Financial Crises (FIFIS) 40% 36% 30% 25% 203E 15% 10% 5% 0% EOM DM Shock, Mot Counties, RHSI Poptthzm index 1% vole share, LHSI § § 1, § re, Of '§ 'Fili

Long-Term Asset Return Study: The Next Financial Crisis Figure 56: Populism index (90 of vote across key countries, population weighted, LHS) and DM Financial Crises (RHS) 40% 35% 30% 25% 20% 15% 10% 5% 0% EWE DM Shocks I% of Countries. RHS) Popubcrn index vole share, LHSI § § 1, VF :63 §g? § 0 § 9