Which domino will fall first? Will it be the U.S? An EU country? China? Somewhere in South America?
When you look at the statistics, you will see massive debt, countless example of central bank desperation, ultra low interest rates, and we still haven’t been able to grow without consistent bailouts. Oddly, people who are invested into the market or their jobs rely on it, haven’t acknowledged these clear and obvious facts. Pick a point on the map, who is the worst of the worst?
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The monetary aftermath of Italy’s chaotic month | FT Alphaville