Everyone Went All In As The World Set Up For The Unwinding Of Three Mega-Trends, And Nearly Seven In 10 Investors Say Stocks Are Overvalued
Stephen Roach says the world is set up for the unwinding of three mega-trends: unconventional monetary policy, the real economy’s dependence on assets, and a potentially destabilizing global saving arbitrage After years of post-crisis despair, the broad consensus of …